The SACCO sector in Kenya continues to be a cornerstone of financial inclusivity and economic empowerment, providing essential financial services to millions across the country. The SACCO Supervision Annual Report of 2023 has released comprehensive data on the largest SACCOs in Kenya by total assets, highlighting the robust growth and resilience of these community-based financial institutions. Here is a detailed look at the top 50 SACCOs leading the pack in asset accumulation.
Top 50 SACCOs in Kenya by Total Assets in 2023:
1. Mwalimu National – Kshs 66.43 Billion
2. Stima DT – Kshs 59.15 Billion
3. Kenya National Police DT – Kshs 54.24 Billion
4. Harambee – Kshs 38.57 Billion
5. Tower – Kshs 23.23 Billion
6. Afya – Kshs 22.79 Billion
7. Unaitas – Kshs 22.70 Billion
8. Imarisha – Kshs 21.78 Billion
9. United Nations DT – Kshs 18.21 Billion
10. Ukulima – Kshs 15.18 Billion
11. Hazina – Kshs 14.70 Billion
12. Gusii Mwalimu – Kshs 14.30 Billion
13. Invest and Grow – Kshs 14.06 Billion
14. Mentor – Kshs 13.47 Billion
15. Imarika – Kshs 13.11 Billion
16. Bandari DT – Kshs 12.68 Billion
17. Transnation – Kshs 12.02 Billion
18. Safaricom – Kshs 11.48 Billion
19. Boresha – Kshs 11.35 Billion
20. Winas – Kshs 11.28 Billion
21. Newfortis – Kshs 11.12 Billion
22. Kimisitu – Kshs 11.07 Billion
23. Cosmopolitan – Kshs 10.29 Billion
24. Kitui Teachers – Kshs 10.10 Billion
25. Ollin – Kshs 9.95 Billion
26. Kenya Bankers – Kshs 9.69 Billion
27. Solution – Kshs 9.47 Billion
28. Ports DT – Kshs 9.17 Billion
29. Sheria – Kshs 9.14 Billion
30. Magereza – Kshs 7.95 Billion
31. Unison – Kshs 7.73 Billion
32. Bingwa – Kshs 7.64 Billion
33. Amica – Kshs 7.18 Billion
34. Ushuru – Kshs 6.87 Billion
35. Waumini – Kshs 6.85 Billion
36. Yetu – Kshs 6.42 Billion
37. Fortune – Kshs 6.26 Billion
38. K-Unity – Kshs 6.21 Billion
39. Jamii – Kshs 5.73 Billion
40. Maisha Bora – Kshs 5.73 Billion
41. Tembo – Kshs 5.69 Billion
42. Nacico – Kshs 5.65 Billion
43. Defence – Kshs 5.49 Billion
44. Kwetu-DT – Kshs 5.25 Billion
45. Chai – Kshs 5.19 Billion
46. GDC – Kshs 5.01 Billion
47. Tai – Kshs 5.00 Billion
48. Shirika DT – Kshs 4.97 Billion
49. Capital – Kshs 4.96 Billion
50. Nyati – Kshs 4.94 Billion
These SACCOs have demonstrated significant growth in total assets from 2022 to 2023, underscoring their critical role in providing financial services that support personal and entrepreneurial endeavors across the nation. The increase in assets also indicates a robust accumulation of deposits and an expansion in loan disbursements, reflecting a healthy financial ecosystem that benefits both members and the broader economy.
The detailed list of SACCOs provides a clear snapshot of the leaders in Kenya’s cooperative sector, which continues to be a vital part of the nation’s economic infrastructure, supporting everything from small businesses to major personal finance needs. As these SACCOs grow, they not only contribute to their members’ financial health but also to the national economy by enhancing financial inclusion and stability.
