Mwalimu National DT Sacco remains the largest among the 174 regulated Saccos in the country. It has a total asset base of Ksh 66.43 billion. According to the SASRA (Sacco Societies Regulatory Authority) database contained in the Sacco Supervision Annual Report, 2023, Mwalimu National Sacco also topped the list in total deposits, accumulating Ksh 49.33 billion, up from Ksh 47.29 billion in 2022. Its total income grew to Ksh 8.38 billion, a rise from the previous year’s Ksh 7.74 billion, solidifying its position as the market leader.
Following closely in second place is Stima DT Sacco, which registered impressive growth in its financial metrics. The Sacco’s deposits increased from Ksh 39.43 billion in 2022 to Ksh 43.13 billion in 2023. Its total assets also rose from Ksh 53.78 billion to Ksh 59.15 billion in the same period. Stima DT Sacco’s total income surged to Ksh 8.95 billion, up from Ksh 7.40 billion the previous year, further cementing its place as a top contender in the Sacco industry.
Kenya National Police DT Sacco ranked third, with notable improvements in its financial portfolio. The Sacco’s total assets increased from Ksh 48.98 billion in 2022 to Ksh 54.24 billion in 2023. Its deposit base grew from Ksh 28.89 billion to Ksh 31.73 billion. In terms of income, Kenya National Police DT Sacco saw a sharp rise, moving from Ksh 7.94 billion to Ksh 8.86 billion, demonstrating robust growth.
Harambee Sacco secured the fourth spot on the list, showing consistent progress in 2023. Its total assets grew from Ksh 37.01 billion to Ksh 38.57 billion, while its deposits increased from Ksh 23.70 billion to Ksh 24.62 billion. Harambee’s total income reached Ksh 5.46 billion, an improvement from Ksh 4.79 billion the previous year, reflecting the Sacco’s continued strength and stability in the market.
Closing the top five is Tower DT Sacco, which recorded a significant increase in total assets from Ksh 19.57 billion in 2022 to Ksh 23.23 billion in 2023. The Sacco’s deposit portfolio rose from Ksh 14.50 billion to Ksh 17.34 billion. Tower DT Sacco’s total income grew from Ksh 2.86 billion to Ksh 3.49 billion, showcasing its solid financial performance.
Afya Sacco claimed the sixth spot, with a total asset base of Ksh 22.79 billion, up from Ksh 20.94 billion in 2022. Its deposits also increased from Ksh 15.63 billion to Ksh 17.41 billion, and its income continued to grow steadily.
Unitas Sacco and Imarisha DT Sacco were ranked seventh and eighth, respectively. Unitas reported a rise in total assets from Ksh 20.40 billion to Ksh 22.70 billion, and its deposits jumped from Ksh 11.02 billion to Ksh 12.57 billion. Its total income moved from Ksh 3.27 billion to Ksh 3.54 billion. Imarisha Sacco showed similar progress, with its total assets increasing from Ksh 19.82 billion to Ksh 21.78 billion, while its deposits rose to Ksh 15.88 billion from Ksh 14.08 billion in 2022.
United Nations DT Sacco was ranked ninth, with its total assets rising to Ksh 18.21 billion from Ksh 16.70 billion in 2022. Its deposit portfolio grew from Ksh 12.56 billion to Ksh 13.68 billion, and its total income increased to Ksh 2.33 billion from Ksh 1.94 billion.
Ukulima Sacco now Apstar Sacco closed the top ten list with a total asset base of Ksh 15.18 billion, up from Ksh 14.70 billion the previous year. Its deposit base rose from Ksh 10.25 billion in 2022 to Ksh 10.78 billion in 2023.
At positions, eleven and twelve were Hazina Sacco and Gusii Mwalimu DT Sacco. Hazina Sacco recorded total assets of Ksh 14.70 billion, while Gusii Mwalimu Sacco reported Ksh 14.30 billion. Hazina’s deposit base increased from Ksh 9.66 billion to Ksh 11.08 billion, and Gusii Mwalimu’s deposits grew from Ksh 9.20 billion to Ksh 10.08 billion.
At thirteenth and fourteenth place were Invest and Grow Sacco and Mentor Sacco. Invest and Grow Sacco saw its total assets grow to Ksh 14.06 billion from Ksh 12.96 billion, while Mentor Sacco’s assets increased from Ksh 11.77 billion to Ksh 13.47 billion. Both Saccos reported growth in deposits and income.
Imarika Sacco rounded out the top 15, with its total assets rising from Ksh 7.48 billion in 2022 to Ksh 8.32 billion in 2023. Its total deposits also increased from Ksh 11.67 billion to Ksh 13.11 billion, showing strong performance in the competitive sector.
