Five DT Saccos join the top ranks in 2021

Five Deposit-Taking Sacco moved to the large-tier or those with a balance sheet size of more than KSh 5 billion, namely Ushuru Sacco Society Limited, Amica Sacco Society Limited, Jamii Sacco Society Limited, K-Unity Sacco Society Limited and Unison Sacco Society Limited.

According to the latest Sacco Society Regulatory Authority(SASRA) 2021, Defence Sacco Society directly joined the big league segment upon being licensed.

On the other hand, the DT-SACCOs with assets of below KSh 1 billion decreased from 84-DT-SACCOs with a market share of 5.21% in 2020 to 82- DT-SACCOs with a market share of 4.82% in 2021. 

The reduction in the number of the small-tiered DT-SACCOs from 84-DT-SACCOs was informed by the fact that four (4) small-tiered DT-SACCOs had their deposit-taking licenses withdrawn or not renewed in the year 2021 leaving 80-DT-SACCOs. 

But at the same time, four (4) newly licensed DT-SACCOs with total assets of below KSh 1 billion were brought on board in the year 2021 namely Chuka University Sacco Society Limited, Strategic DT Sacco Society Limited, Home Business Sacco Society Limited and Kabiyet Sacco Society Limited.

However, two other previously small-tiered DT-SACCOs namely Muki Sacco Society and Mafanikio Sacco Society graduated to the mid-tiered category.

DT Sacco with the largest balance sheet size remains Mwalimu National whose total assets are worth KSh 60.60 billion followed by Stima DT Sacco whose balance sheet size is KSh 46.46 billion, Kenya National Police DT Sacco (KSh 44.09 billion), Harambee Sacco (KSh 34.62 billion), Afya Sacco (KSh 20.87 billion), Unaitas Sacco (KSh 18.65 billion), Imarisha Sacco (KSh 17.10 billion), Tower Sacco (KSh 16.57 billion), United Nations Sacco (KSh 15.15 billion) and Ukulima Sacco (KSh 13.79 billion) as the 10th largest DT Sacco out of 39 DT Saccos with assets worth more than KSh 5 billion. 

The top 10 medium-sized DT Saccos, with total assets of between KSh 1 billion and KSh 5 billion are led by Maisha Bora (KSh 4.74 billion), followed by Kwetu Sacco (KSh 4.71 billion), Yetu Sacco (KSh 4.71 billion), Fortune Sacco (KSh 4.59 billion), Chai Sacco (KSh 4.34 billion), Tembo Sacco (KSh 4.20 billion), Nyati Sacco (KSh 4.11 billion), Taifa Sacco (KSh 4.10 billion), Capital Sacco (KSh 4.08 billion) and Shirika Sacco (KSh 4.06 billion).

DT Saccos with a balance sheet size of less than KSh 1 billion are led by Tabasamu Sacco (KSh 0.96 billion) followed by Airports Sacco (KSh 0.95 billion), KSh Suluhu Sacco (KSh 0.94 billion), Times U Sacco (KSh 0.93 billion), 2NK Sacco (KSh 0.87 billion), Prime Time Sacco (KSh 0.84 billion), Jamii Yetu Sacco (KSh 0.81 billion), Magadi Sacco (0.77 billion), K-Pillar Sacco (KSh 0.77 billion) and Good Hope (KSh 0.76 billion).