As it marks four decades of impact, Mhasibu DT Sacco unveils an ambitious 2026–2030 Strategic Plan, opens its common bond to all Kenyans, and sets its sights on 100,000 members by 2030.
Mhasibu DT Sacco is celebrating a landmark 40th anniversary — four decades of serving members with distinction and cementing its place as one of Kenya’s most trusted financial cooperatives. To mark this milestone, the Sacco has launched a bold new chapter: opening its common bond beyond accounting professionals to welcome a broader, more diverse membership of ordinary Kenyans.
Founded in 1986 by the Institute of Certified Public Accountants of Kenya (ICPAK), Mhasibu DT Sacco was established to provide savings and credit facilities to accounting professionals. It began with just 37 members. Today, it serves over 30,000 members — including professionals, students, small-scale traders, and their families — through a growing network of branches and digital platforms.
Speaking at the anniversary celebrations, Board Chairman CPA Hillary Atito reflected on the journey that has shaped the institution.
“This is not a mere celebration — it is a moment of reflection, appreciation, and renewed commitment as we position ourselves for the future,” he said. “When Mhasibu was founded in 1986, it was a simple but powerful idea: that people would come together, pool their resources, and uplift one another.”
CPA Atito paid tribute to the individuals who built the Sacco across four decades. “To our founders, thank you for your vision and courage. To our former leaders, thank you for laying a strong foundation. To our members, thank you for your trust and loyalty. And to our management and staff, thank you for your professionalism and dedication. It is because of your collective effort that Mhasibu Sacco stands strong today.”
Opening the Doors Wider
At the heart of the anniversary is a transformative shift in the Sacco’s membership strategy. Under its newly unveiled 2026–2030 Strategic Plan, Mhasibu DT Sacco aims to grow its membership from 29,000 to over 100,000 — by extending its reach to small-scale traders, bodaboda operators, the youth, and the diaspora.
The Sacco CEO, CPA Eunice Kanyi, said the decision to open the common bond reflects the Sacco’s commitment to financial inclusion.
“We are now open to all Kenyans who are ready to save, invest, and grow,” she said. “We are glad our members approved the opening of the common bond. We have specific products for the youth, diaspora financial solutions are already live, and we are pursuing green financing initiatives and alternative resource mobilization.”
To extend its physical footprint, the Sacco plans to upgrade existing satellite offices to full branches and open new offices in Nyeri, Nakuru, and Thika. “We want to be present where all Kenyans are,” CPA Kanyi said.
Financial Targets
The expansion is expected to deliver significant financial growth. Within five years, the Sacco targets a rise in member deposits from Ksh 9.7 billion to Ksh 24 billion, growth in the loan book to Ksh 21 billion, and total assets climbing from Ksh 12 billion to Ksh 31 billion. Share capital is projected to reach Ksh 3.65 billion.
“Some of the must-win battles in our strategic plan touch on deposit mobilization, loan book growth, brand positioning, 100 per cent process automation, competitive dividends and returns on investment, and governance strengthening,” said CPA Kanyi.
The Sacco posted strong results in its most recent audited accounts. As at 31 December 2025, total assets stood at Ksh 12.67 billion, total revenue grew to Ksh 1.43 billion, and the loan portfolio exceeded Ksh 10 billion. Members received a 15 per cent dividend on shares and an 8 per cent interest rebate on deposits.
Going Digital and Embracing AI
Alongside physical expansion, Mhasibu DT Sacco is investing heavily in technology. The Sacco has fully digitized its operations and is now setting its sights on artificial intelligence.
“We are so happy that all our processes are now fully digital. Being a future-ready Sacco, we cannot be left behind on AI,” Kanyi said. “We have specific initiatives aligned to AI — upgrading our systems, enhancing our mobile app, and deploying dashboards to support better decision-making.”
In partnership with Co-operative Bank, the Sacco has launched a suite of digital banking solutions offering instant diaspora remittances, automated deposits, Visa card services, PesaLink transfers, and remote cheque scanning. Members can access credit instantly via USSD *657#, the Member Portal, or the M-Hasibu Pro App.
Commissioner for Cooperatives David Obonyo commended the Sacco for its milestones urging the leadership to continue upholding ethical practices. “If we are able to tell members the truth — about accountability, transparency, and even losses — then we build real trust,” he said.
As the cooperative sector undergoes reforms, Mhasibu DT Sacco says it is ready to lead by example — building resilience, expanding opportunity, and securing the financial future of its members.
“We are not leaving anyone behind,” CPA Kanyi said. “Our 40 years of existence have been marked by excellence and unparalleled member service. This is the Sacco for the future.”
Regulated by the Sacco Societies Regulatory Authority (SASRA), Mhasibu DT Sacco’s vision is to be the trusted financial partner, powering members’ dreams — for the next 40 years and beyond.
