Teachers with Savings and Credit Cooperative Society (Sacco) membership are in celebration mood countrywide as the Cooperatives start to pay 2025 annual dividends.
Teachers have from time to time been advised to join a Sacco as part of investment strategy and a way of accessing cheap loans.
Most Saccos are deposit taking and some have already paid their members after conducting their Annual General Meetings (AGMs).
Mwalimu National Sacco which plans dividend and rebates payment from 1st March 2026, has prioritized members self service drive to minimize branch queues and ensure efficiency.
Imarisha, Cosmopolitan and Boresha Saccos which are popular with teachers already declared their annual interests and members received payments through their Sacco accounts.
Saccos have recorded an average of 15% dividends rates so far with over twenty Saccos already made payments.
Banks have also announced the dates when each will declare their annual dividends to members.
It will start with ABSA on 5th March, then Stanbic and KCB banks on 11th March. Cooperative bank on 13th March and Equity bank on 17th March.
SCBK bank will declare its rates on 18th March, I & M bank on 19th March. DTB bank on 20th March, Citi and HF on 23rd March.
Family and Prime banks will declare theirs on 24th March, Kakuzi on 25th March while NCBA bank on 26th March.
However Saccos have been dealt a blow after the government rejected their requests to pay interest and dividends from loans.
The Cabinet Secretary for Co-operatives and Micro, Small & Medium Enterprises (MSMEs), Wycliffe Oparanya, had raised concern over growing financial mismanagement within Saccos.
Oparanya had warned that some institutions were seeking approval to declare interest on deposits and dividends without sufficient revenues or cash flows to sustain the payouts.
The government however rejected the Sacco requests citing risks to member savings.
Instead the government says it will introduce several reforms including the establishment of a deposit guarantee fund for SACCOs, in a move aimed at safeguarding members’ savings.
According to the Principal Secretary in the Ministry of Co-operatives and Micro, Small & Medium Enterprises (MSMEs) Development, Patrick Kilemi, the proposed fund will mirror protections offered to commercial bank depositors, cushioning SACCO members against losses in the event of institutional collapse.
The reforms in the SACCO sector are expected to provide a safety net for SACCO members while ensuring that, through amendments to the SACCO Societies Act, the regulatory body will have the tools to address the challenges the sector faces.
According to PS Kilemi, the planned guarantee scheme comes amid rising concerns about governance weaknesses and cases of mismanagement in parts of the cooperative movement.
HOW SACCOS PERFORMED IN 2025 ON DIVIDENDS AND INTEREST RATES
| Rank | Sacco Name | Dividends Rate | Interest Rate |
| 1 | Tower Sacco | 20% | 13% |
| 2 | Port DT Sacco | 20% | 12.5% |
| 3 | Yetu Sacco | 19% | 13% |
| 4 | Unison Sacco | 18.5% | 12.6% |
| 5 | Ndege Chai Sacco | 18.5% | 10% |
| 6 | Ollin Sacco | 17.5% | 12.2% |
| 7 | Magadi Sacco | 17% | 10% |
| 8 | Kenya Power DT Sacco | 17% | 11% |
| 9 | Mwito Sacco | 17% | 9.4% |
| 10 | Nation Sacco | 18% | 10% |
| 11 | Cosmopolitan Sacco | 16.5% | 12.05% |
| 12 | Winas Sacco | 16.5% | 12.5% |
| 13 | Capital Sacco | 16% | 9% |
| 14 | Imarisha Sacco | 15% | 10.05% |
| 15 | Trans Nation Sacco | 15% | 12.5% |
| 16 | Mentor Sacco | 15% | 12.5% |
| 17 | Simba Chai Sacco | 15% | 11% |
| 18 | Acumen Sacco | 15% | 4.25% |
| 19 | Nawiri Sacco | 15% | 15% |
| 20 | Wanandege Sacco | 15% | 10.5% |
| 21 | Daima Sacco | 15% | 10% |
| 22 | NewFortis Sacco | 14% | 13% |
| 23 | Mwalimu National Sacco | 13% | 10% |
| 24 | Boresha Sacco | 13% | 9.5% |
| 25 | Kenya Highlands Sacco | 10% | 10% |
| 26 | Shirika Sacco | 10% | 10.5% |
“In the next six months, we can say with confidence that we will have a new legal setup on matters SASRA Act. And why these reforms are important is because when you talk about a deposit guarantee fund, it’s deposit insurance. We have it within our banking sector. The KDIC guarantees depositors within the banking industry, that if a bank goes down, depositors are guaranteed to be at least refunded a minimum of 500,000,” said PS Kilemi.
In addition to the guarantee fund, the government intends to empower SASRA with broader oversight powers, including the authority to vet SACCO leadership before they assume office, further tightening governance standards.
This, the government hopes, will ensure that only individuals with the required professional thresholds will manage members’ funds.
“You have heard of people losing their life savings because of bad leadership. We are introducing a provision where the top manager will be cleared for eligibility to serve a fit and proper test so that you, as delegates, when the board presents to you a finance director, it’s not just the board. It’s SASRA and the Commissioner of Co-operatives who will be vetting the character,” added the PS.
The reforms were announced during the annual delegates meeting for the Police SACCO, which saw the SACCO announce its 4.1 billion dividend payout to members on the back of growing loan book increase, asset growth, and membership. However, the SACCO expressed concerns over the slowdown in deposits.
“The Board of Directors wishes to recommend the payment of dividend on share capital at the rate of 17 per cent, amounting to 624.3 million, and interest on deposits at a rate of 11 per cent, amounting to 3.5 billion, bringing the gross total to 4.1 billion in 2025 compared to 3.9 billion in 2024,” said Police SACCO Chair David Mategwa.
Kindly send me afia sacco performance
And the top 100 sacco performance
Afya Sacco not mentioned why again?
Where is Sheria Sacco Ltd
Wapi Ecopillar sacco
Bibilia sacco