Which is the biggest SACCO in Kenya?

Mwalimu National, with total assets of KSh 76.31bn at 31 December 2025, up from KSh 68.89bn a year earlier. Stima is second on KSh 75.27bn and Kenya National Police third on KSh 66.40bn. The order has not changed since 2024.

How much do Kenyan SACCOs hold in total?

Two different totals get reported as "SACCO assets" and both are correct. All 357 regulated SACCOs held KSh 1210.70bn, about KSh 1.21 trillion. The 179 deposit-taking ones, which is what this table covers, held KSh 1069.34bn, about KSh 1.07 trillion. The difference is the 178 non-withdrawable deposit-taking SACCOs on KSh 141.36bn.

How fast did deposit-taking SACCOs grow in 2025?

By 13.17%, from KSh 944.86bn to KSh 1069.34bn. Both figures are from Table 13 of the annual report. A growth figure of 12.6% off a base of KSh 949.77bn circulated widely in October 2026; neither number appears in the report, and the effect is to understate the year.

How concentrated is the Kenyan SACCO sector?

Heavily. 34 of the 179 deposit-taking SACCOs hold at least KSh 10bn, and between them they hold KSh 748.28bn, which is 70% of all deposit-taking SACCO assets. The other 145 share the remaining 30.0%. The three largest alone hold a fifth of the sector.

Which SACCO grew fastest in 2025?

Among those already above KSh 10bn, Defence, which went from KSh 9.22bn to KSh 14.54bn, a rise of 57.7%. That is more than double the next fastest.

Did any Kenyan SACCO shrink in 2025?

7 of 179 did. Afya -3.7%, Nacico -18.2%, Kimbilio Daima -1.1%, Shoppers -4.8%, Tenhos -7.9%, Jumuika -3.8%, Kabiyet -33.3%. Afya is the only one of them in the top ten, and its total income more than halved over the same year.

Is this the same as the SASRA licensed SACCO list?

No, and the counts differ. This table is the 179 deposit-taking SACCOs that filed audited 2025 accounts approved by the Authority, which is the population Appendix III reports on. The annual licence register is a separate document and a separate list. See our SASRA-licensed SACCO list for that.

Can I use these figures to compare SACCO deposits?

Not from this source, below the large tier. In Appendix III the total deposits column is printed identical to the total assets column for all 123 medium and small tiered SACCOs, which cannot be true, so this table shows deposits only for the 56 where the source is sound and leaves the rest blank rather than repeating the error.

Verified 5 October 2026

The biggest SACCOs in Kenya, all 179 of them

Name: Kenyan Deposit-Taking SACCOs Ranked by Total Assets, 2025
Creator: paybillke
License: https://www.sasra.go.ke/download/sacco-supervision-annual-report-2025/

Mwalimu National is the largest deposit-taking SACCO in Kenya, with total assets of KSh 76.31bn at 31 December 2025. Stima holds KSh 75.27bn and Kenya National Police KSh 66.40bn. Below is the complete ranking of all 179, not the top ten, taken row by row from Appendix III of SASRA’s annual report rather than from anybody’s summary of it.

by David Wachira Reviewed by Michael MwangiVerified 05 Oct 2026

The sector in three lines

Total assets of regulated SACCOs in Kenya, 2023 to 2025, KSh billions
Population	2023	2024	2025	Growth
Deposit-taking (179)	832.89	944.86	1069.34	+13.17%
Non-withdrawable (178)	139.06	131.29	141.36	+7.67%
All regulated (357)	971.96	1076.15	1210.70	+12.5%

KSh billions. Source: Table 13, SACCO Supervision Annual Report 2025, page 50. The non-withdrawable segment shrank in 2024 and recovered in 2025, which is why the industry line grows more slowly than the deposit-taking line.

34 SACCOs hold 70% of the money

Of the 179 deposit-taking SACCOs, 34 hold at least KSh 10bn. Between them they hold KSh 748.28bn, or 70% of the segment. The other 145 SACCOs share the remaining 30.0%.

The top three on their own hold KSh 217.98bn, which is 20.4% of all deposit-taking SACCO assets. SASRA makes the same point with a wider cut: the 61 SACCOs above KSh 5bn hold 77.62% of industry assets, up from 77.07% in 2024, and the Authority notes this as a reason to support the smaller tiers rather than as a success.

For a member, concentration is not automatically bad. A larger SACCO has more capacity to absorb a bad year, and the biggest names here are the ones with the deepest loan books. It does mean that the sector’s stability rests on a small number of institutions, and that a member of a small SACCO is in a materially different position from a member of one of the three at the top.

Who moved in 2025

Five crossed KSh 10bn, not four

Defence, Amica, Unison, Bingwa, Solution all went from under KSh 10bn to over it during 2025. Most coverage of the report names the first four and misses Solution, which crossed by KSh 0.03bn.

Defence 9.22 to 14.54 +57.7%
Amica 8.73 to 10.79 +23.6%
Unison 9.04 to 10.55 +16.7%
Bingwa 8.98 to 10.48 +16.7%
Solution 9.87 to 10.03 +1.6%

Fastest growth above KSh 10bn

Defence +57.7% (KSh 9.22bn to 14.54bn)
Transnation +25.2% (KSh 14.34bn to 17.95bn)
Amica +23.6% (KSh 8.73bn to 10.79bn)
Tower +23.3% (KSh 28.04bn to 34.56bn)
Ollin +18.3% (KSh 11.67bn to 13.80bn)

Defence grew faster than any other SACCO above KSh 10bn, by a wide margin, and its gross loan book went from KSh 6.57bn to KSh 11.68bn in the same year. Growth at that rate is worth understanding before joining on the strength of it: the report does not say what drove it, and a SACCO that nearly doubles its lending in a year is a different risk proposition from one that grew 8%.

And 7 got smaller

7 of the 179 ended 2025 with fewer assets than they started. This is the part of the report nobody summarises.

Afya 22.79 to 21.95 -3.7%
Nacico 6.16 to 5.04 -18.2%
Kimbilio Daima 0.87 to 0.86 -1.1%
Shoppers 0.63 to 0.60 -4.8%
Tenhos 0.38 to 0.35 -7.9%
Jumuika 0.26 to 0.25 -3.8%
Kabiyet 0.06 to 0.04 -33.3%

Afya is the only faller in the top ten, and the asset figure understates what happened: its total income fell from KSh 2.62bn to KSh 1.52bn, and its gross loan book from KSh 12.87bn to KSh 10.92bn. Nacico lost 18.2% of its assets. None of this tells a member to leave, and none of it is an allegation about any SACCO’s solvency. It is a reason to read your own SACCO’s AGM pack properly.

All 179, ranked

Total assets, gross loans and total income in KSh billions, at 31 December. Ranked by 2025 total assets, which is the order SASRA uses. Tier follows the report’s own size bands.

All 179 deposit-taking SACCOs in Kenya ranked by total assets at 31 December 2025, with 2024 comparatives
#	SACCO	Assets 2024	Assets 2025	Change	Deposits 2025	Gross loans 2025	Income 2025	Tier
1	Mwalimu National	68.89	76.31	+10.8%	56.51	56.98	10.75	Large
2	Stima	66.51	75.27	+13.2%	52.19	57.49	10.82	Large
3	Kenya National Police	59.83	66.40	+11%	37.51	57.23	10.79	Large
4	Harambee	38.70	41.29	+6.7%	27.57	35.25	7.22	Large
5	Tower	28.04	34.56	+23.3%	26.21	26.36	5.28	Large
6	Unaitas	26.12	29.60	+13.3%	15.89	22.61	4.54	Large
7	Imarisha	24.58	28.14	+14.5%	20.51	23.60	4.68	Large
8	Afya	22.79	21.95	-3.7%	16.35	10.92	1.52	Large
9	United Nations	19.15	19.67	+2.7%	15.08	14.20	2.39	Large
10	Hazina	16.87	18.71	+10.9%	13.99	13.23	2.28	Large
11	Mentor	15.75	18.47	+17.3%	13.83	14.09	2.55	Large
12	Gusii Mwalimu	16.24	18.40	+13.3%	12.54	16.98	2.98	Large
13	Transnation	14.34	17.95	+25.2%	12.68	16.48	3.29	Large
14	Winas	14.44	16.90	+17%	8.40	15.01	3.01	Large
15	Apstar	15.68	16.76	+6.9%	11.63	13.64	2.23	Large
16	Invest and Grow (IG)	14.64	16.40	+12%	9.65	14.60	2.42	Large
17	Imarika	14.57	16.14	+10.8%	10.46	13.97	2.49	Large
18	Bandari	13.70	15.07	+10%	9.52	10.13	2.14	Large
19	Qona	12.95	14.80	+14.3%	10.45	12.10	1.72	Large
20	Boresha	13.03	14.70	+12.8%	9.98	11.77	2.07	Large
21	Defence	9.22	14.54	+57.7%	10.40	11.68	1.73	Large
22	Ollin	11.67	13.80	+18.3%	9.17	10.90	2.02	Large
23	Univision	11.55	13.59	+17.7%	9.50	12.51	2.30	Large
24	Cosmopolitan	11.68	13.58	+16.3%	10.40	10.79	1.85	Large
25	New Fortis	11.84	13.07	+10.4%	9.98	10.56	1.90	Large
26	Kimisitu	12.06	12.89	+6.9%	9.20	11.20	1.72	Large
27	Mhasibu	11.22	12.67	+12.9%	9.67	10.43	1.43	Large
28	Ports	10.54	12.39	+17.6%	7.10	8.26	1.81	Large
29	Sheria	10.20	11.56	+13.3%	8.12	8.95	1.50	Large
30	The Kenya Bankers	10.29	10.85	+5.4%	8.12	8.25	1.43	Large
31	Amica	8.73	10.79	+23.6%	7.85	8.39	1.61	Large
32	Unison	9.04	10.55	+16.7%	7.15	9.00	1.50	Large
33	Bingwa	8.98	10.48	+16.7%	5.06	7.46	1.64	Large
34	Solution	9.87	10.03	+1.6%	7.09	7.17	1.67	Large
35	K-Unity	7.63	9.74	+27.7%	5.18	6.08	1.48	Large
36	Fortune	7.93	9.60	+21.1%	5.52	8.81	1.52	Large
37	Yetu	7.86	9.38	+19.3%	5.58	6.75	1.27	Large
38	Magereza	8.24	8.95	+8.6%	6.19	5.54	1.11	Large
39	Njiwa	8.00	8.86	+10.7%	6.90	6.84	1.02	Large
40	Ushuru	7.73	8.66	+12%	6.75	6.03	1.00	Large
41	Waumini	7.40	7.97	+7.7%	6.05	6.76	0.91	Large
42	Tembo	6.24	7.77	+24.5%	5.06	4.85	0.96	Large
43	GDC	5.86	7.32	+24.9%	5.25	6.33	0.89	Large
44	Kwetu	5.69	6.96	+22.3%	3.47	4.20	0.99	Large
45	Tai	5.87	6.95	+18.4%	4.53	6.01	1.10	Large
46	Maisha Bora	6.23	6.81	+9.3%	4.56	4.75	0.88	Large
47	Chai	5.81	6.49	+11.7%	4.56	5.37	1.03	Large
48	Jamii	5.92	6.26	+5.7%	4.31	4.17	0.74	Large
49	Capital	5.47	6.12	+11.9%	4.38	4.70	0.82	Large
50	Ndege Chai	5.26	5.90	+12.2%	4.08	4.46	1.00	Large
51	Shirika	5.45	5.83	+7%	4.45	4.86	0.67	Large
52	Taifa	5.32	5.78	+8.6%	4.38	2.58	0.71	Large
53	Kenya Highlands	5.45	5.75	+5.5%	3.97	4.31	0.95	Large
54	Nyati	5.30	5.70	+7.5%	3.24	4.12	0.87	Large
55	Kenpipe	5.05	5.61	+11.1%	3.75	4.52	0.74	Large
56	Nacico	6.16	5.04	-18.2%	3.30	3.41	0.54	Large
57	Ng'arisha	4.38	4.93	+12.6%	n/p	4.10	1.02	Medium
58	Nation	4.06	4.73	+16.5%	n/p	3.80	0.62	Medium
59	Kenversity	4.10	4.70	+14.6%	n/p	3.69	0.64	Medium
60	Nawiri	4.12	4.51	+9.5%	n/p	2.70	0.82	Medium
61	NSSF	3.66	4.38	+19.7%	n/p	3.66	0.65	Medium
62	Skyline	3.68	4.36	+18.5%	n/p	3.12	0.60	Medium
63	The Noble	3.90	4.21	+7.9%	n/p	3.69	0.73	Medium
64	Biashara	3.70	4.20	+13.5%	n/p	3.64	0.71	Medium
65	Dimkes	3.35	4.16	+24.2%	n/p	3.51	0.68	Medium
66	Qwetu	3.84	4.06	+5.7%	n/p	3.30	0.69	Medium
67	Mwito	3.33	3.69	+10.8%	n/p	2.89	0.47	Medium
68	Asili	3.26	3.47	+6.4%	n/p	1.77	0.43	Medium
69	Wanandege	2.55	3.23	+26.7%	n/p	2.61	0.51	Medium
70	United Winners	2.54	2.95	+16.1%	n/p	2.03	0.31	Medium
71	Ardhi	2.63	2.93	+11.4%	n/p	2.41	0.38	Medium
72	Faridi	2.49	2.85	+14.5%	n/p	2.53	0.53	Medium
73	Trans National Times	2.41	2.77	+14.9%	n/p	1.18	0.42	Medium
74	Trans-Elite County	1.88	2.66	+41.5%	n/p	1.40	0.40	Medium
75	Chuna	2.37	2.57	+8.4%	n/p	1.78	0.41	Medium
76	Azima	2.39	2.56	+7.1%	n/p	1.76	0.35	Medium
77	Ukristo na Ufanisi	2.20	2.52	+14.5%	n/p	2.05	0.29	Medium
78	Daima	2.17	2.47	+13.8%	n/p	1.60	0.45	Medium
79	Kingdom	2.16	2.44	+13%	n/p	2.22	0.33	Medium
80	Southern Star	1.96	2.25	+14.8%	n/p	1.58	0.41	Medium
81	Taqwa	1.73	2.17	+25.4%	n/p	0.96	0.13	Medium
82	Simba Chai	2.06	2.12	+2.9%	n/p	1.50	0.30	Medium
83	Wakenya Pamoja	1.92	2.06	+7.3%	n/p	1.02	0.43	Medium
84	Wananchi	1.83	1.96	+7.1%	n/p	1.05	0.33	Medium
85	Telepost	1.37	1.83	+33.6%	n/p	0.46	0.28	Medium
86	Jogoo	1.60	1.80	+12.5%	n/p	1.54	0.25	Medium
87	Smartlife	1.62	1.78	+9.9%	n/p	1.14	0.32	Medium
88	Muki	1.55	1.74	+12.3%	n/p	1.42	0.34	Medium
89	Keystone	1.44	1.73	+20.1%	n/p	1.16	0.33	Medium
90	Eco-Pillar	1.52	1.73	+13.8%	n/p	0.89	0.24	Medium
91	Centenary	1.54	1.71	+11%	n/p	1.25	0.26	Medium
92	Universal Traders	1.59	1.68	+5.7%	n/p	1.34	0.26	Medium
93	Egerton University	1.43	1.63	+14%	n/p	0.94	0.18	Medium
94	Elimu	1.49	1.61	+8.1%	n/p	1.03	0.31	Medium
95	2NK	1.30	1.60	+23.1%	n/p	1.32	0.18	Medium
96	Suluhu	1.37	1.57	+14.6%	n/p	1.36	0.30	Medium
97	Tabasamu	1.31	1.52	+16%	n/p	1.08	0.31	Medium
98	Mafanikio	1.30	1.50	+15.4%	n/p	1.25	0.27	Medium
99	Wakulima Commercial	1.15	1.49	+29.6%	n/p	1.31	0.16	Medium
100	Times U	1.35	1.49	+10.4%	n/p	1.10	0.29	Medium
101	Airports	1.32	1.46	+10.6%	n/p	1.19	0.21	Medium
102	Jamii Yetu	1.31	1.46	+11.5%	n/p	1.13	0.22	Medium
103	Fundilima	1.22	1.32	+8.2%	n/p	1.10	0.19	Medium
104	K-Pillar	1.21	1.31	+8.3%	n/p	1.32	0.20	Medium
105	Magadi	1.10	1.30	+18.2%	n/p	1.11	0.20	Medium
106	Wana-Anga	1.26	1.30	+3.2%	n/p	0.85	0.19	Medium
107	Metropolitan National	1.07	1.21	+13.1%	n/p	n/p	0.12	Medium
108	Prime Time	1.03	1.16	+12.6%	n/p	0.77	0.16	Medium
109	Taraji	0.83	1.16	+39.8%	n/p	0.40	0.14	Medium
110	Vision Afrika	0.95	1.14	+20%	n/p	0.97	0.21	Medium
111	Thamani	1.00	1.12	+12%	n/p	0.61	0.17	Medium
112	Kwikas	0.91	1.07	+17.6%	n/p	0.74	0.16	Medium
113	Dhabiti	0.75	1.02	+36%	n/p	0.63	0.18	Medium
114	Golden Pillar	0.84	0.97	+15.5%	n/p	0.88	0.17	Small
115	County	0.82	0.91	+11%	n/p	0.29	0.17	Small
116	Siraji	0.74	0.90	+21.6%	n/p	0.58	0.15	Small
117	NRS	0.82	0.87	+6.1%	n/p	0.61	0.14	Small
118	Lainisha	0.75	0.87	+16%	n/p	0.49	0.13	Small
119	Kimbilio Daima	0.87	0.86	-1.1%	n/p	0.72	0.13	Small
120	Good Hope	0.83	0.84	+1.2%	n/p	0.12	0.05	Small
121	Vision Point	0.76	0.78	+2.6%	n/p	0.44	0.18	Small
122	Supa	0.74	0.78	+5.4%	n/p	0.45	0.09	Small
123	Patnas	0.64	0.77	+20.3%	n/p	0.24	0.17	Small
124	Nafasi	0.74	0.77	+4.1%	n/p	0.66	0.14	Small
125	Orient	0.73	0.74	+1.4%	n/p	0.22	0.04	Small
126	Fariji	0.65	0.73	+12.3%	n/p	0.56	0.15	Small
127	Baraka	0.57	0.66	+15.8%	n/p	0.24	0.12	Small
128	Lengo	0.60	0.65	+8.3%	n/p	0.47	0.14	Small
129	Bi-High	0.64	0.64	0%	n/p	0.44	0.06	Small
130	Viktas	0.56	0.62	+10.7%	n/p	0.43	0.10	Small
131	Fortitude	0.41	0.62	+51.2%	n/p	0.42	0.13	Small
132	Tabasuri	0.56	0.61	+8.9%	n/p	0.49	0.13	Small
133	Shoppers	0.63	0.60	-4.8%	n/p	0.80	0.00	Small
134	Chuka University	0.53	0.59	+11.3%	n/p	0.54	0.09	Small
135	Wevarsity	0.50	0.59	+18%	n/p	0.46	0.09	Small
136	Strategic	0.50	0.57	+14%	n/p	0.44	0.09	Small
137	Acumen	0.51	0.55	+7.8%	n/p	0.42	0.07	Small
138	Smart Champions	0.46	0.51	+10.9%	n/p	0.48	0.10	Small
139	Ilkisonko	0.40	0.49	+22.5%	n/p	0.36	0.08	Small
140	Kenya Achievas	0.48	0.49	+2.1%	n/p	0.28	0.13	Small
141	Ufanisi	0.45	0.47	+4.4%	n/p	0.37	0.08	Small
142	Washa	0.43	0.47	+9.3%	n/p	0.37	0.07	Small
143	Mudete Factory Tea Growers	0.43	0.47	+9.3%	n/p	0.30	0.09	Small
144	Stawisha	0.37	0.47	+27%	n/p	0.36	0.09	Small
145	Jitegemee	0.44	0.44	0%	n/p	0.10	0.05	Small
146	Nyambene Arimi	0.37	0.41	+10.8%	n/p	0.28	0.10	Small
147	Joinas	0.35	0.41	+17.1%	n/p	0.31	0.06	Small
148	Kumbukumbu	0.38	0.41	+7.9%	n/p	0.33	0.06	Small
149	Setyon	0.15	0.40	+166.7%	n/p	0.28	0.09	Small
150	Kencream	0.38	0.39	+2.6%	n/p	0.34	0.07	Small
151	Home Business	0.33	0.39	+18.2%	n/p	0.34	0.07	Small
152	Enea	0.28	0.38	+35.7%	n/p	0.27	0.06	Small
153	Ammar	0.33	0.37	+12.1%	n/p	0.30	0.06	Small
154	Tenhos	0.38	0.35	-7.9%	n/p	0.22	0.07	Small
155	Edis	0.27	0.30	+11.1%	n/p	0.26	0.05	Small
156	Puan	0.30	0.30	0%	n/p	0.21	0.03	Small
157	Sotico	0.27	0.28	+3.7%	n/p	0.22	0.05	Small
158	Baraton	0.25	0.28	+12%	n/p	0.22	0.04	Small
159	Trans-Counties	0.26	0.28	+7.7%	n/p	0.16	0.03	Small
160	Mwietheri	0.21	0.27	+28.6%	n/p	0.13	0.05	Small
161	Jumuika	0.26	0.25	-3.8%	n/p	0.10	0.03	Small
162	Stake Kenya	0.24	0.24	0%	n/p	0.11	0.03	Small
163	Dumisha	0.22	0.22	0%	n/p	0.15	0.03	Small
164	Kolenge	0.21	0.21	0%	n/p	0.11	0.03	Small
165	Agro Chem	0.18	0.20	+11.1%	n/p	0.13	0.03	Small
166	Lamu Teachers	0.19	0.19	0%	n/p	0.08	0.01	Small
167	Nandi Farmers	0.16	0.19	+18.8%	n/p	0.12	0.04	Small
168	Nexus	0.17	0.18	+5.9%	n/p	0.12	0.02	Small
169	Topkrim	0.16	0.18	+12.5%	n/p	0.04	0.02	Small
170	The Apple	0.15	0.16	+6.7%	n/p	0.12	0.03	Small
171	Biashara Tosha	0.11	0.12	+9.1%	n/p	0.06	0.02	Small
172	Ainabkoi	0.10	0.11	+10%	n/p	0.03	0.01	Small
173	Uni-County	0.10	0.10	0%	n/p	0.06	0.02	Small
174	Koru	0.08	0.09	+12.5%	n/p	0.04	0.01	Small
175	Good Faith	0.09	0.09	0%	n/p	0.07	0.01	Small
176	Ndosha	0.08	0.09	+12.5%	n/p	0.06	0.01	Small
177	Goodway	0.05	0.06	+20%	n/p	0.04	0.01	Small
178	Vihiga County	0.06	0.06	0%	n/p	0.01	0.01	Small
179	Kabiyet	0.06	0.04	-33.3%	n/p	0.02	0.01	Small

Source: Appendix III, SACCO Supervision Annual Report 2025, pages 169 to 173. Figures are audited, for the year ended 31 December 2025, as approved by the Authority on or before 30 April 2026. “n/p” means we are not publishing a figure the source cannot support; see the note below.

Three things wrong with the source, and what we did about them

If you download the report and compare it with the table above, you will find three places where we have not simply copied it. Each one is a defect in the published PDF, and anyone transcribing the appendix without checking will inherit all three.

The deposits column is duplicated below the large tier. From rank 57 down, Appendix III prints total deposits as exactly the same number as total assets, to two decimal places, in both years, for all 123 medium and small tiered SACCOs. A SACCO cannot be funded entirely by member deposits with no share capital, no reserves and no liabilities, and 123 of them cannot do it to the decimal. For ranks 1 to 56 the column behaves normally, so we publish deposits there and leave the rest blank.
Metropolitan National’s loan book is impossible. The appendixgives its gross loans as KSh 17.06bn against total assets of KSh 1.21bn. That is fourteen times its balance sheet, which no amount of loan impairment explains. We publish its assets and not its loans.
The appendix and Table 13 disagree about 2024. Adding up the 2024 asset column across all 179 rows gives KSh 947.72bn. Table 13 gives KSh 944.86bn for the same segment and year. The 2025 columns agree to within KSh 0.04bn, which is rounding. The appendix explains the gap itself: SACCOs whose audited accounts are approved after 30 April are excluded from a year and adjusted into the next, so a 2024 column printed in a 2025 report is not quite the same population as the 2024 column printed in the 2024 report. We use Table 13 for every sector total and the rows only for per-SACCO figures, and we never present a sum of the rows as a sector total.

Shoppers SACCO looks like a fourth and is not. Its gross loans, KSh 0.80bn, exceed its total assets of KSh 0.60bn. Gross means before impairment, so a SACCO carrying heavy non-performing loans can genuinely show this, and its total income falling to nil in the same year is consistent with that reading rather than with a typo. So we publish it. The distinction matters: suppressing that figure would have hidden a real signal.

What SACCOs lent for in 2025

Regulated SACCOs disbursed KSh 596.54bn across eight sectors. Land and housing, education and agriculture took two thirds of it, which is a fair description of what Kenyans actually borrow from SACCOs to do.

Loans disbursed by regulated SACCOs in Kenya in 2025 by economic sector
Sector	KSh bn	Share
Land and housing	157.20	26.35%
Education	124.51	20.87%
Agriculture	110.74	18.56%
Trade	77.47	12.99%
Consumption and social services	54.19	9.08%
Finance, investments and insurance	32.42	5.43%
Manufacturing and servicing industries	25.37	4.25%
Human health	14.65	2.46%

Source: SACCO Supervision Annual Report 2025, page 20. All 357 regulated SACCOs, not just the deposit-taking ones.

The rest of the 2025 picture

Member deposits across all regulated SACCOs reached KSh 832.74bn, from KSh 749.43bn. Gross loans and advances reached KSh 948.67bn, from KSh 845.11bn. Loans exceed deposits, and SASRA is explicit that the gap is funded mainly from retained earnings and institutional reserves rather than external borrowing.

The number that moved most is accounts rather than money. Deposit accounts held by regulated SACCOs went from 16.05 million to 18.95 million, a rise of 18.07%, against 9.74% the year before. Part of that is new members and part is existing members opening additional accounts, and the report does not split the two, so it is not a clean membership figure.

Questions

Which is the biggest SACCO in Kenya?: Mwalimu National, with total assets of KSh 76.31bn at 31 December 2025, up from KSh 68.89bn a year earlier. Stima is second on KSh 75.27bn and Kenya National Police third on KSh 66.40bn. The order has not changed since 2024.
How much do Kenyan SACCOs hold in total?: Two different totals get reported as "SACCO assets" and both are correct. All 357 regulated SACCOs held KSh 1210.70bn, about KSh 1.21 trillion. The 179 deposit-taking ones, which is what this table covers, held KSh 1069.34bn, about KSh 1.07 trillion. The difference is the 178 non-withdrawable deposit-taking SACCOs on KSh 141.36bn.
How fast did deposit-taking SACCOs grow in 2025?: By 13.17%, from KSh 944.86bn to KSh 1069.34bn. Both figures are from Table 13 of the annual report. A growth figure of 12.6% off a base of KSh 949.77bn circulated widely in October 2026; neither number appears in the report, and the effect is to understate the year.
How concentrated is the Kenyan SACCO sector?: Heavily. 34 of the 179 deposit-taking SACCOs hold at least KSh 10bn, and between them they hold KSh 748.28bn, which is 70% of all deposit-taking SACCO assets. The other 145 share the remaining 30.0%. The three largest alone hold a fifth of the sector.
Which SACCO grew fastest in 2025?: Among those already above KSh 10bn, Defence, which went from KSh 9.22bn to KSh 14.54bn, a rise of 57.7%. That is more than double the next fastest.
Did any Kenyan SACCO shrink in 2025?: 7 of 179 did. Afya -3.7%, Nacico -18.2%, Kimbilio Daima -1.1%, Shoppers -4.8%, Tenhos -7.9%, Jumuika -3.8%, Kabiyet -33.3%. Afya is the only one of them in the top ten, and its total income more than halved over the same year.
Is this the same as the SASRA licensed SACCO list?: No, and the counts differ. This table is the 179 deposit-taking SACCOs that filed audited 2025 accounts approved by the Authority, which is the population Appendix III reports on. The annual licence register is a separate document and a separate list. See our SASRA-licensed SACCO list for that.
Can I use these figures to compare SACCO deposits?: Not from this source, below the large tier. In Appendix III the total deposits column is printed identical to the total assets column for all 123 medium and small tiered SACCOs, which cannot be true, so this table shows deposits only for the 56 where the source is sound and leaves the rest blank rather than repeating the error.

Source and related pages

Primary source: SACCO Supervision Annual Report 2025, SACCO Societies Regulatory Authority (SASRA), 273 pages, published 28 September 2026. Per-SACCO figures from Appendix III, pages 169 to 173. Sector totals from Table 13, page 50. Read in full on 5 October 2026.

Educational only, not financial advice. paybillke is not affiliated with any SACCO and does not rank SACCOs by quality: this page ranks them by the one thing the regulator publishes, which is size. A large asset base is not a recommendation and a small one is not a warning. Share capital is not withdrawable on demand and carries guarantor and liquidity risk. Next refresh when SASRA publishes the 2026 annual report, which the Authority is required to release on or before 31 October each year.