Saccos in the country registered an average growth of 10 percent in 2024 to hit a record Sh1.8 trillion in assets with members enjoying an average of 10 percent returns in form of dividends.
The Commissioner for Co-operatives Development David Obonyo said that currently, the Sacco loan book stands at over Sh1.1 trillion and the savings at over Sh1.2 trillion. "The Sacco movement holds around 30 percent of Kenya's savings and I want to assure all Kenyans who have savings in the Saccos that we have an elaborate legal framework, policy and guidelines that ensure that the funds are safe and secure," assured Obonyo.
Speaking in Nairobi on Thursday when the Co-operative Alliance of Kenya (CAK) launched the pre-Ushirika day events, Obonyo said that as government, they have established the Sacco Societies Regulatory Authority (SASRA) which undertakes inspection and regulation of Saccos in the country to ensure that the institutions operate within the guidelines in efforts to guarantee the safety of members' savings.
The Commissioner highlighted that in February 2025, Saccos in Nairobi had paid out over Sh35 billion to members in form of interest and dividends.
