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RegulatoryEffective 28 September 2026Updated 5 October 2026

SASRA has published its 2025 report. Deposit-taking SACCOs grew 13.17% to KSh 1.069 trillion, not the 12.6% doing the rounds, and 34 of the 179 hold 70% of the money.

The SACCO Supervision Annual Report 2025 puts deposit-taking SACCO assets at KSh 1,069.34bn, up 13.17% from KSh 944.86bn. All 357 regulated SACCOs together hold KSh 1,210.70bn. Mwalimu National leads on KSh 76.31bn. A widely shared growth figure of 12.6% off a base of KSh 949.77bn appears nowhere in the report and understates the year.

What changed

  • SASRA released the SACCO Supervision Annual Report 2025 on 28 September 2026. It covers the year ended 31 December 2025, on audited accounts approved by the Authority on or before 30 April 2026.
  • Deposit-taking SACCO assets reached KSh 1,069.34bn, crossing a trillion for the first time as a segment, up 13.17% from KSh 944.86bn. All 357 regulated SACCOs together hold KSh 1,210.70bn, up 12.50%. The two totals are different populations and both get reported as "SACCO assets", so it is worth checking which one a headline means.
  • Mwalimu National remains the largest deposit-taking SACCO at KSh 76.31bn, then Stima at 75.27 and Kenya National Police at 66.40. The order is unchanged from 2024. Those three alone hold a fifth of the segment.
  • Concentration tightened. 34 of the 179 deposit-taking SACCOs hold at least KSh 10bn, and between them they hold KSh 748.28bn, which is 70% of the segment. On SASRA's own wider cut, the 61 SACCOs above KSh 5bn hold 77.62% of industry assets, against 77.07% in 2024.
  • Defence grew fastest among the large SACCOs, from KSh 9.22bn to KSh 14.54bn, up 57.7%, with its gross loan book rising from 6.57 to 11.68bn in the same year. Five SACCOs crossed KSh 10bn in 2025, not the four usually named: Defence, Amica, Unison, Bingwa and Solution.
  • Seven of the 179 got smaller: Afya, Nacico, Kimbilio Daima, Shoppers, Tenhos, Jumuika and Kabiyet. Afya is the only one in the top ten, and its total income fell from KSh 2.62bn to KSh 1.52bn over the same period.
  • Member deposits across all regulated SACCOs reached KSh 832.74bn and gross loans KSh 948.67bn, so loans exceed deposits, a gap SASRA says is funded mainly from retained earnings and reserves rather than borrowing. Deposit accounts rose 18.07% to 18.95 million, nearly double the previous year's 9.74% rise.

Why it matters

For most Kenyans a SACCO is where the deposit sits that the bank will not pay interest on and the loan comes from that the app will not price fairly, so the health of the sector is not an abstraction. Two things in this report are worth a member's attention. The first is concentration: if you are in one of the 34 SACCOs above KSh 10bn you are in an institution with real capacity to absorb a bad year, and if you are in one of the other 145 you are not, which is a difference in your own risk rather than a league table. The second is that growth figures are being quoted wrongly, in a direction that understates the sector, and if a number is going to be used to decide where your savings sit then it should at least be the number the regulator published. Size is also not quality. This report ranks SACCOs by assets because that is what SASRA measures, and a large asset base is not a recommendation any more than a small one is a warning.

What to do

  • Check which total a headline means before using it. KSh 1.21 trillion is all 357 regulated SACCOs. KSh 1.069 trillion is the 179 deposit-taking ones. The gap is the 178 non-withdrawable SACCOs on KSh 141.36bn.
  • If you see deposit-taking SACCO growth given as 12.6% for 2025, or the 2024 base given as KSh 949.77bn, neither figure is in the report. It is 13.17% off KSh 944.86bn, from Table 13.
  • Look up your own SACCO in the full ranking rather than reading the top ten. Whether it grew, shrank or stood still in 2025 is a fair question to take to your AGM, and the report gives you the number to ask about.
  • Do not read the deposits column of Appendix III for anything outside the large tier. For all 123 medium and small tiered SACCOs it is printed identical to total assets, which cannot be right, and our table leaves those blank rather than repeating it.
  • Asset size tells you nothing about a SACCO's paybill. Confirm any payment number against the SACCO's own channels, and read the name on the M-PESA confirmation before you confirm.

Published 5 October 2026 on paybillke. Last verified 5 October 2026. We refresh news entries quarterly and within 48 hours of any directly relevant ecosystem change. Editorial process.