A Basket for ALL your Financial Needs
TOTAL PAYOUT TO MEMBERS
KSH 2.88 BILLION
- DIVIDENDS ON SHARES 20%
- INTEREST REBATES ON DEPOSITS 13%
TOTAL ASSETS
Ksh34.56 Billion
Thirteen young men and women sat in two rows, their faces radiant with the pride of academic achievement. Recently celebrated for their success in the Kenya Certificate of Secondary Education (KCSE) exams, they looked forward to a bright future. Every one of them has qualified for university—a success enabled by the Tower Sacco’s Scholarship program that offers a lifeline to bright but needy students.
Among the top performers were Cynthia Njeri, who scored an A-minus, and Patrick Kinyua, who attained a B+plus. As they walked to the podium during Tower Sacco’s 50th Annual General Meeting (AGM), the air was electric with cheers from thousands of members. It was a fitting tribute to a group whose dreams are now backed by the Sacco’s support, allowing them to truly dare to dream big.
“I am deeply grateful to Tower Sacco for helping me realize my educational dreams,” said a smiling Njeri. “This support has changed my life. Without the Sacco, completing my studies would have been a struggle. I thank God for my results.”
These students represent the first cohort sponsored under the Sacco’s Corporate Social Responsibility (CSR) education program.
“Our impact must go beyond an excellent balance sheet and dividends; it must transform lives,” said Mr. Peter Ngugi, Chairman, the Sacco Board of Directors. “We have made a deliberate effort to invest in the future by sponsoring students in need.”
Addressing members during the AGM, Mr. Ngugi noted that the students’ performance proves that excellence follows when opportunity meets potential. He pledged that the Sacco would continue to support them throughout their university education and offer them internships at various branches before they join their respective campuses.
Building on this success, Tower Sacco is currently sponsoring 20 additional students, continuing its mission to nurture and empower the next generation. Beyond education, the Sacco’s CSR initiatives include supporting children’s homes, funding community projects, and championing environmental conservation.
50 Years of Excellence
This year, Tower Sacco celebrates its golden jubilee, marking 50 years of impacting lives and serving as a reliable partner for its members’ financial needs. The success story began in 1976, when a group of visionary teachers took the bold step to establish the institution.
Since then, the Sacco has grown exponentially, distinguishing itself as a safe, convenient place to save and a source of affordable credit. This steady growth has made it one of the largest and most successful Saccos in Kenya.
“Tower Sacco has remained resilient and committed to its strategic objectives,” said Mr. Ngugi. “Integrity remains the cornerstone of our governance, service delivery, and long-term sustainability.”
This commitment has made it the Sacco of choice for those seeking economic growth. Whether a member is looking to start a business, own a home, further their education, or develop commercial property, they find a perfect home at Tower Sacco.
By providing affordable loans, the Sacco is actively transforming lives. In 2025 alone, the Sacco disbursed Ksh 16.38 billion, a six percent increase from the previous year. This brought the total loan portfolio to Ksh 25.15 billion as of December 31, 2025, up from Ksh 21.5 billion in 2024.
“We have seen a high demand for our competitive credit facilities. We encourage members to continue utilizing our diverse loan products to meet their financial goals,” Mr. Ngugi added.
Impressive Growth
Increased lending and strong performance across all key metrics boosted the Sacco’s total revenue to Ksh 5.28 billion in 2025, representing 22% growth. According to audited financial statements, surplus before tax rose by 23% to reach Ksh 1.29 billion.
The Board of Directors announced a total payout of Ksh 2.88 billion in annual earnings to members. This included dividends on shares at a rate of 20% and interest rebates on deposits at 13%.
According to Mr. Ngugi, Tower Sacco has remained focused on its core mandate: mobilizing savings, providing accessible credit, and promoting a strong savings culture while ensuring prudent governance.
“This explains why the Sacco has sustained upward growth despite the economic hardships experienced across the country,” he said.
The Sacco now boasts a membership of 247,858 after gaining 55,588 new members last year, highlighting the growing public confidence in the institution. Despite inflationary pressures, total share capital and deposits reached Ksh 27.85 billion in 2025, up from Ksh 22.5 billion in 2024.
“Our impact must go beyond an excellent balance sheet and dividends; it must transform lives.”
~ Mr. Peter Ngugi, Chairman.
National Ranking and the Future
Currently rated the fifth largest Sacco in the country by the Sacco Societies Regulatory Authority (SASRA), Tower Sacco sustained its growth momentum with total assets jumping 23% to reach Ksh 34.56 billion in 2025.
“This growth is largely due to member loyalty and prudent financial management. We will continue to serve our members diligently while strengthening our internal systems,” said Mr. Ngugi.
The management aims to reach an asset base of Ksh 80 billion by 2030. To achieve this, they plan to expand the branch network to Kenol, Eldoret, Kajiado, and Mombasa. Currently, the Sacco operates 29 outlets across eight counties and has more than 300 agents nationwide.
The Sacco is also leveraging digital channels—such as internet banking, ATMs, and mobile banking (the Tower Sacco App and USSD *655#)—to improve efficiency. This digital-first approach and innovation has expanded its reach globally, allowing members in the diaspora to bank with ease.
Guided by the theme ‘Embracing Integrity for Sustainable Growth and Member Trust,’ this year, Tower Sacco is poised for even greater heights as it prepares for its official golden jubilee celebrations on September 15, 2026.
“In Nyandarua County, we are proud of Tower Sacco’s work in changing lives. We will continue partnering with them to empower our people socially and economically,” said Hon. John Muiru, CECM for Trade and Co-operative Development.
CIC Group CEO Mr. Patrick Nyaga, who was the chief guest at the AGM, commended the management for their robust approach to risk mitigation. He noted that the establishment of the Towertech Insurance Agency was a strategic move. The agency provides insurance solutions that protects members’ health, property and livelihoods.
“None of us can predict the future with certainty. Insurance is not an afterthought; it is a shield that protects everything you build. It guards your assets, homes, and businesses from the unpredictable,” Mr. Nyaga said. “The best Sacco is not just the one that lends, but the one that protects its members. I am glad to note that Tower Sacco does exactly that.”
