SASRA Supervisory Report 2011

THE SACCO SOCIETIES REGULATORY AUTHORITY
(SASRA)
Sacco Supervision Report
(Deposit Taking Saccos)

(SASRA)
Sacco Supervision Report
(Deposit Taking Saccos)

(SASRA)
Vision
The vision of the Authority is to be A world class regulator of Sacco Societies
Mission
The mission of the Authority is To effectively regulate, and develop SACCO Societies by ensuring safety,
soundness and integrity in their operations in order to enhance growth in National Savings and stability of
the SACCO Sub-sector
Mandate
The Authoritys mandate is:

To license Sacco Societies to carry out deposit-taking business in accordance with the Act.
Hold, manage and apply the General Fund of the Authority in accordance with the Act.
To regulate and supervise Sacco societies.
Do all such other things as may be lawfully directed by the Minister.
Perform such other functions as are conferred on it by the Act or by any other written law.
Core Values
The Authority in fulfilling its mission and vision shall at all times practice the following values.

Integrity
Teamwork
Professionalism
Customer focus
Impartiality
Innovativeness
Table of Contents
List of Acronyms and Abbreviations

List of Charts
List of Tables
Chairmans Statement
Chief Executive Officers Statement
CHAPTER ONE: Economic Outlook
10
1.1. Emerging Markets and Developing Economies (EMDEs)
10
1.3. Impact of Global Macro-financial Developments to Domestic Financial Stability
13
1.2. Sub-Saharan Africa and East African Economies

1.4. Domestic Economic Environment
1.5. Inflation Developments
10
14
14
1.6. Exchange Rates Movement
15
1.7. Capital Flows
1.8. Implication of Global Financial Crisis on Performance of Saccos

1.9. Structure of Sacco Sub Sector
1.10. Supervision and Regulation of Licensed Deposit Taking Saccos.

1.11. SASRA Board of Directors
1.12. Ownership and Categories of licensed Saccos
16
17
18
18
18
20
CHAPTER TWO: Developments in the Sacco Sub Sector
25
2.1. Introduction
25
2.3. Balance Sheet Analysis for Licensed Deposit Taking Saccos
27
2.2. Developments in Information and Communication Technology.

2.4. Future Growth
26
27
2.5. Gross Loans, Loan Account and Non Performing Loans
28
2.6. Risk Classification of Loans and Advances
28
2.7. Profit and Loss
29
2.8. Income
30
2.9. Expenses
30
2.10. External Borrowing
30
SASRA Sacco Supervision Report 2011
CHAPTER THREE: Developments in Regulatory Framework
32
3.1. Prudential Regulation of Sacco Societies
32
3.3. Regulatory Compliance by the Licensed Deposit Taking Sacco Societies
34
3.2. Licensing of Deposit Taking Saccos

3.4. Submission of regulatory returns
3.5. CAMELS Performance Rating
3.6. Challenges in the implementation of Prudential Regulations

3.7.
Key Sub-sector Collaborative Initiatives in 2011
Annexures
33
35
35
36
37
Annex 1: Performance Trend for the Deposit Taking Saccos
38
Annex 3: Sacco Supervision Circulars Issued in 2011
39
Annex 2: Comparison of Deposit Taking and Non Deposit Taking Saccos

Annex 4: County Distribution of Deposit Taking Saccos
Annex 5: Composition and Distribution of Deposit Taking Saccos per County
Annex 6: Analysis of Deposit Taking Sacco Balance Sheet as at December 2011

Annex 7: List of Licensed Saccos
Annex 8: Market Share Analysis
Annex 9: Directory of Licensed Saccos in Kenya
38
40
41
42
46
48
51
List of Charts
Chart 1:
GDP Growth rate in Sub-Saharan Africa Vs. Other Regions
10
Chart 3:
Inflation Rates in EAC Region, South Africa and SSA
12
Chart 2:
Chart 4:
Chart 5:
Chart 6:
Sub-Saharan Africa and the World (%age Change in Real GDP)

Annual GDP Growth Rate, 2007-2011
14
Inflation Trends
15
Average K.sh. against Major World Currencies
15
Chart 7: Trends in Capital Flows (USD Millions)

Chart 8:
11
16
Organization Structure.
Chart 9: Ownership Size, Assets and Deposits of Licensed Deposit Taking Sacco
List of Tables
19
21
Table 1:
Sub-Saharan Africa - % Growth by Country Groups
11
Table 3:
Ownership and Categories of licensed D.T Saccos as at December 31, 2011
21
Table 2:
Table 4:
Table 5:
Table 6:
Table 7:
Actual and Projected Output(%) for EAC Region and South Africa
Sacco Branch Distribution
Market Share analysis for Licensed Deposit Taking Saccos as at Dec. 2011
Consolidated Balance Sheet Analysis for Licensed Deposit Taking Saccos as at Dec. 2011
No. of Accounts, Gross Loans and NPLs as at December 2011
Table 8: Risk Classification of Loans disbursed by licensed Saccos as at Dec. 2011
Table 9:

Consolidated Income and Expenditure for licensed Saccos expressed
12
22
23
27
28
29
as a % as at December 2011
30
Table 11: Licensing Status per County
34
Table 10: Comparison Licensed D.T.S to the total applications as at December 2011
33
ATM
BOSA
List of Acronyms and Abbreviations
BoPs
CEO
CCD
Balance of Payments
Central Bank of Kenya
Cooperatives Societies Act
CSA
COMESA
DGF
Back Office Saving Activity
CBK
Automatic Teller Machine
Chief Executive Officer

Commissioner for Cooperative Development
Common Market for Eastern and Southern Africa
DTs
Deposit Guarantee Fund
EMDEs
Emerging Markets and Developing Economies
FDI
Foreign Direct Investment
EAC
FOSA
FSD
FLSTAP
ICT
IMF
LIC
MDGs
MENA
MFI
MoCD&M
MoU
SACCOs
SASRA
SME
WOCCU
Deposit Taking Saccos
East Africa Countries
Front Office Saving Activity
Financial Sector Deepening
Information Communication Technology
Financial and Legal Sector Technical Assistance Project
International Monetary Fund
Millennium Development Goals
Microfinance Institution
Memorandum of Understanding
-
-
Low Income Countries
Middle East & North Africa Region
Ministry of Cooperative Development and Marketing

Savings and Credit Cooperatives
Sacco Societies Regulatory Authority
Sub Sahara Africa
SSA
Small and Medium Enterprise
World Council of Credit Unions
Chairmans Statement
he Kenyan Sacco sub

sector has entered a
new phase in its growth
and development with
the commencement of licensing
of Saccos under the prudential
regulatory framework. The first
batch of inaugural seven Saccos
was licensed to commence Deposit
Taking business under the new
Regulatory Framework in March
2011. By December 31st 2011,
110 Saccos had been licensed,
anchoring professional and transformative approach
to conducting business within the Saccos.
During the year under review, the Authority

developed regulatory and surveillance structures to
ensure effective implementation of its legal mandate
of licensing, supervising and regulating of Saccos. A
Risk Based Supervision framework is at an advanced
stage of development which will enhance the
supervision capacity of the Authority. The Authority
continued to review Saccos Information Technology
infrastructure to ensure they develop the required
capacity to comply with regulatory requirements.
On the macro economic front, the sub sector faced

challenges in 2011 from increased levels of inflation,
bank interest rates and weakening of the Kenya
shilling. The inflation rate which was 3.97 % in March
2010 rose to 12.05 % in April 2011 and rose further
to stand at 18.93 % in December 2011. This was
mainly attributed to increase in fuel prices and steep
increase in food prices. Saccos borrow substantially
from commercial banks to lend

to members and increase in bank
interest rates saw Saccos borrow
K.sh. 5.6 billion in 2011 down from
K.sh. 15 billion in 2010.
The Authoritys big picture under

the new legal and regulatory
framework is to ensure a thriving
and ever growing Sacco subsector
competing with the very best in the
world and at the same time creating
opportunities for more people to
emerge from poverty into a dignified and self-reliant
life. This will be achieved in collaboration with the
government and the Sacco subsector stakeholders
to ensure Saccos grow and remain attractive to
members.
As is indicated, the Sacco sub sector recorded

positive growth in all areas during the year under
review. Guided by the cooperative philosophy and
values, this growth momentum is expected to be
maintained as Saccos seek to embrace the new
regulatory framework that promotes transparency,
accountability and good governance practices.
PETER GAKUNU
Chairman
Board Of Directors
Chief Executive Officers Statement
n the year 2011, the Sacco

Societies Regulatory Authority
(SASRA)
continued
to
implement its mandate of
licensing, regulating and supervising
Deposit Taking Sacco Societies. The
objective is to protect the interests
of Sacco members and ensure public
confidence thus sustainability of
the Sacco subsector as a key player
in the Kenyan financial sector.
A number of Saccos were licensed

during the year, out of 215
applications received from Deposit Taking Sacco
societies, a total of 110 had been licensed while
105 Saccos were at various stages of analysis and
processing. The Authority also conducted onsite
inspections on a number of licensed Saccos to assess
their level of compliance.
In terms of Sacco performance, the Sacco subsector recorded an average growth of 14% in the
year under review in spite of slow growth of the
national economy coupled with stiff competition
from conventional financial institutions. Sacco
membership, a key indicator of financial growth
increased to 1.9million from 1.55million in 2010.
The year 2011 witnessed a continued growth

of the Kenyan Sacco sub-sector on various key
fronts including increase in membership, deposits,
total assets and Capital. This was as a result of
encouragement by the Authority for the Sacco
societies to implement their respective Business
Plans submitted during licence application. In
addition, most of the Saccos embraced growth
strategies including adoption of Information and
Communication Technology in their operations,
research and marketing, partnerships in agency
businesses and opening up of new branches and
rebranding exercises.
Consequently, the total assets for Deposit Taking
Saccos stood at Ksh.196 billion in December 2011,

a growth of 15% from the Ksh.171

billion recorded in 2010. The
growth in assets was funded
mainly by member deposits
which also increased by 15% from
K.sh 123billion in 2010 to K.sh
141billion in 2011. In the same
year, a total of K.sh 148 billion was
disbursed as loans and advances
and this accounted for 75% of the
total assets reinforcing the fact
that Saccos core business is to
lend to their members.
To effectively facilitate the Authoritys role, two

key compliance driven initiatives were undertaken.
These include adoption of a uniform chart of accounts
by all Deposit Taking Sacco societies. This not only
improved the reporting of the Sacco societies but
also standardized the reporting across the board to
enable peer comparison of performance. The second
initiative was the development and implementation
of an online return submission system to necessitate
a direct up-loading of periodic returns into the
Authoritys website and analysis thereafter. This
improved the level of compliance in the submission
and also the turnaround of the analysis of these
returns to appreciate the financial conditions of the
individual Saccos.
As I have previously assured, the Authority still
remains committed to providing an enabling legal
and regulatory framework to the Sacco societies
to enable them remain competitive in the financial
market, build their members confidence by offering
them efficient services. The success cannot be
achieved in isolation but rather in partnership with
other stakeholders.
CARILUS ADEMBA, HSC
Chief Executive Officer
His Excellency Hon. Mwai Kibaki, C.G.H., M.P., President of the Republic of Kenya flanked by the
Minister for Co-operative Development and Marketing, Hon. Joseph Nyagah, EGH, MP share a chat
with SASRA Chief Executive Officer, Mr. Carilus Ademba, HSC during the launch of the Kenyan Chapter
of the International Year of Cooperatives held at K.I.C.C grounds in November 2011.
CHAPTER ONE
Economic Outlook
1.1. Emerging Markets and Developing Economies (EMDEs)
Based on Central Bank of Kenya and IMF reports, Emerging Markets and Developing Economies (EMDEs)
recorded an average growth of 6.2 % in 2011, compared to 7.3 % in 2010. This significant decline reflects
the deterioration in the external environment. China recorded the highest economic growth of 9.2 % in
2011, maintaining its position as the worlds fastest-expanding major economy. The growth in EMDEs is
however expected to further slowdown to an annual growth target of 5.4 % in 2012 due to the worsening
external environment and a weakening of internal demand for goods and services. Brighter growth prospects
and stronger fundamentals, combined with low interest rates in advanced economies, resulted in EMDEs
attracting strong capital inflows. As indicated in chart 1 , net capital flows to emerging markets remained
relatively strong, although volatile, during the first half of 2011.
However, the emerging markets have to grapple with likely sharp reversals prompted by weaker global
growth, sudden capital outflows, or a rise in funding costs that could weaken domestic banks.
1.2. Sub-Saharan Africa and East African Economies
Sub-Saharan Africa countries economy grew by 5.13 % in 2011 from 5.29 % in 2010 and is projected to
expand to 5.44 % in 2012 as indicated in the Figure below.
Chart 1: GDP Growth rate in Sub-Saharan Africa Vs. Other Regions
10
Crisis Peak
Real GDP (%Change)
8
6
4
2
0
-2
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
-4
-6
World
Advanced Economies
Emerging and Developing Economies
Source: IMF, World Economic Outlook database, April 2012
10
Sub-Saharan Africa
So far the global slowdown has not significantly affected the sub-Sahara region, but downside risks have risen.
Most of the regions low-income countries (LICs) have returned to their pre-crisis growth rates. Average
growth for the LICs group was at 5.8 % in 2011, on the back of strong domestic demand and accelerating
exports. In 2012, growth is expected to expand to 5.9 % as shown in Table 1.
Table 1: Sub-Saharan Africa - % Growth by Country Groups
2004-08
2009
2010
2011
Sub-Saharan Africa
6.6
2.8
5.4
5.1
5.4
5.3
Oil Exporters
8.7
5.2
7.3
6.2
7.3
6.2
Middle-Income Countries
4.9
-1.6
3.1
3.9
3.8
4.2
Low-Income Countries
6.3
4.8
5.8
5.8
5.9
5.9
World
4.6
-0.6
5.3
3.9
3.5
4.1
Regions in Sub-Saharan Africa
2012
2013
Projections
Source: IMF, World Economic Outlook Report, April 2012
The growth of oil-exporting economies slowed down to 6.2 % in 2011 from 7.3 % in 2010. However, the
growth is projected to bounce back to 7.3 % in 2012 (Table 1). The greater integration with global markets
made Middle-income countries (MICs) more vulnerable to the world economic crisis and are yet to recover
fully from the impact. A rapid rise in unemployment, high household debt, low capacity utilization, the
slowdown in advanced economies, and substantial real exchange rate appreciation are making for a hesitant
recovery in South Africa. However, its output gap is projected to close as growth picks up to 3.9 % in 2012
(See Table 2).
World (%)
SSA GDP (%)
Chart 2: Sub-Saharan Africa and the World (%age Change in Real GDP)
Sub-Saharan Africa
Low-Income Countries
Oil Exporters
World
Middle-Income Countries
Source: IMF, World Economic Outlook Report, April 2012
11
Economic growth in South Africa will be driven by private consumption and reinvigorated investment,
supported by a low interest rate regime and a return to licensing new mines. A further deterioration of the
global economic environment could have substantial spill overs to the SSA region. This is likely to pull back
recovery momentum especially in non-oil commodities market, thus slowing down trade. More immediately,
sharp increase in oil prices, while boosting growth in oil exporters, would pose significant challenges for oil
importers. Similarly, a continued surge in non-oil commodity prices would entail large social and fiscal costs
for the regions net commodity importers. Other risks to the outlook are political uncertainty and weather
shocks which also have the potential to dampen growth prospects.
Table 2: Actual and Projected Output(%) for EAC Region and South Africa
Country/Region
2004-07
2008
2009
2010
SSA
6.69
5.6
2.80
5.3
South Africa
5.25
3.6
-1.5
2.9
Kenya
5.80
1.5
2.6
5.7
Tanzania
7.29
7.73
6.70
6.5
Uganda
8.08
8.8
7.2
5.9
Rwanda
7.89
11.2
4.1
7.5
Burundi
3.61
5.0
3.5
3.8
Source: IMF World Economic Outlook Report April 2012 and Kenya Economic Survey 2012
2011
5.1
3.1
4.4
6.7
6.7
8.8
4.2
2012*
5.4
3.9
5.2
6.4
4.2
7.6
4.80
Across the SSA region, the inflation showed signs of deceleration in late 2011, going into 2012 as countries
took bold steps in reducing inflation. In EAC, Rwanda was the only country which maintained single digit
inflation throughout the year, averaging 5.6 %. Inflation peaked at one point to 30.5 % in Uganda and 19.8
% in Tanzania. In 2011, Kenya recorded the highest overall inflation in November at 19.7 %.
EAC Countries
South Africa and SSA
Chart 3: Inflation Rates in EAC Region, South Africa and SSA
Kenya
Burundi
Tanzania
SSA
Uganda
South Africa
Source: IMF World Economic Outlook Report April 2012 and Various Bank Annual Reports
12
Rwanda
1.3. Impact of Global Macro-financial Developments to Domestic

Financial Stability
Kenya is an open economy with fully liberalized financial markets with free movement of capital into and
outside the economy. The country has fairly diversified export and import of goods and services where exports
include; tea, coffee, horticulture, industrial goods, and limited minerals. Services are mainly hospitality
industry, with tourism, financial services and technology leading. The main trading partners include EAC,
COMESA, Europe, United Kingdom, and the US. Therefore, economic recovery in the main trading partners
has positive impact on Kenyas macroeconomic environment and in turn overall financial system stability. It
is worthwhile to note the continued fragility in Europe, declining demand in Asia and slow recovery in the
US pose significant threats to Kenyas macroeconomic and financial stability.
Besides Kenyas improved Balance of Payments, stability of these countries currencies will ensure stability
of Kenya Shilling, thus ensuring foreign exchange stability. In addition, the Kenya benefits from improved
capital flows both in terms of foreign direct investment (FDI), capital transfers, investment in capital markets
and Diaspora remittances. Improved equities markets abroad reflecting, higher risk appetite means foreign
investors look for higher yields/return in emerging markets like Kenya, thus leading to stability of domestic
financial markets. The weaker global demand for commodities 2011 contributed to a lower GDP growth rate
for Sub-Saharan Africa from 5.4 % in 2010 to 5.1 % in 2011.
Despite positive performance and outlook from global and regional economies, Kenyas economy and financial
system stability face vulnerabilities associated with global risks. For instance, there were downside risks
emanating from sharp increase in commodity and fuel prices, especially in non-oil producing countries. This
led to imported inflation and impacted negatively on the stability of exchange rate. This was compounded by
continued socio-political tensions in the MENA region, a key source market for oil and consumers of Kenyas
tea exports.
Rising unemployment among the youth, fiscal imbalances, households debt problems amid weak disposable
incomes, deflation signs in some countries and vulnerabilities in real estate markets in advanced economies
pose significant risks to Kenyas macroeconomic indicators. High unemployment in Europe and declining
incomes in Asia reduces disposable income and therefore impacts negatively on tourism sector. These
compounded with signs of overheating, inflationary pressures, and cautious global capital and credit
markets do considerably impact negatively on Kenyas financial sector stability.
The instability in exchange rate, high inflation, foreign reserves erosion thus affecting BoPs, reduced
exports markets, and strained foreign capital inflows for Kenya in 2011 could be explained largely by shocks
emanating from global and regional macro financial developments. Data shows net sell-off of equities by
foreign investors in domestic financial markets, perhaps signalling flight to safety rather than appetite to
return.
13
1.4. Domestic Economic Environment
Macroeconomic Developments in Kenya in 2011
Overall, Kenyas economy was resilient despite the growth momentum in 2011 slowing to 4.4 % from the 5.7
% growth rate in 2010. (Chart 4 below) The decline was attributed to high oil and food prices, unfavourable
weather conditions in some parts of the country during the year under review and weakening of the Kenya
shilling in the foreign exchange market which suppressed domestic demand. In 2007 the GDP growth was
highest at 7 % while 2008 was lowest at 1.5 %
Chart 4: Annual GDP Growth Rate, 2007-2011
7%
5.7%
4.4%
3.3%
1.5%
2007
2008
2009
2010
2011
Source: Central Bank of Kenya and KNBS Database, September 2011
Manufacturing, Transport and Communication, Financial Intermediation and Construction sectors recorded
a growth of recorded a growth of 3.3 %, 4.5 %, 7.8 %, and 4.3 % in 2011 compared with 4.5 %, 5.9 %,
9.0 %, and 4.5 % respectively. Electricity and Water sector growth rate of -2.6 % in 2011 from expansion
of 9.7 % in 2010. This contraction was due to insufficient rainfall during the long rains season in 2011,
leading to reliance on more expensive thermal power generation to meet demand. Agriculture and Forestry
and Financial Intermediation had slower growth of 1.5 and 7.8 % in 2011 from 6.4 % and 9.0 % in 2010,
respectively.
1.5. Inflation Developments
Inflation rose to historical high in 2011 compared with the situation 2010. The annual and overall inflation
averaged 7.99 % and 13.97 %, respectively in 2011, compared to 5.6 % and 3.9 %, respectively, in 2010 as
indicated in chart 5. Month-on-month overall inflation peaked at 19.72 % in November 2011 before starting
to ease in response to monetary policy actions and other government measures. High crude oil prices, creditfunded consumption and drought contributed towards the high inflation experienced in 2011.
14
Chart 5: Inflation Trends
25
20
15
10
5
Annual Average
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jun-11
Jul-11
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Dec-10
Aug-10
Sep-10
Oct-10
Nov-10
Jun-10
Jul-10
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Overall
Source: Central Bank of Kenya and KNBS database
1.6. Exchange Rates Movement
Kenya Shilling weakened against major world currencies in the year 2011. Against the US dollar, the shilling
averaged 101.270 in October 2011 from 81.029 in January 2011. It has since strengthened to average K.sh
83.188 per USD in April 2012 following tightening of monetary policy and implementation of administrative
measures to curb currency speculation.
Chart 6: Average K.sh. against Major World Currencies
170
102
160
150
140
130
92
87
120
110
82
Kshs Per $1
Kshs Per 1 and 1
97
77
100
90
Annual Average
EURO ()
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jun-11
Jul-11
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Dec-10
Aug-10
Sep-10
Oct-10
Nov-10
Jun-10
Jul-10
Jan-10
Feb-10
Mar-10
Apr-10
May-10
72
USD ($)
Source: Central Bank of Kenya Database
15
The monetary policy initiatives to address exchange rate volatility and high inflation were coordinated by all
EAC central banks in October 2011 at the height of inflation and exchange rate volatility. The ensuing stability
in the exchange rate positively impacted overall inflation, thereby restoring confidence in the banking sector
and economic management. The high interest rates also attracted short capital flows which led to further
consolidation of exchange rate stability.
1.7. Capital Flows
Remittances inflows from Kenyans in Diaspora maintained upward trend in 2011, realising 39 % growth rate
above the 2010 level. This may be explained by economic recovery in traditional sources of North America.
The flow of remittances gained 20.8 million to an average of USD 74.3 million in 2011 from USD 53.5 million
in 2010 as indicated in Chart 7.
The short-term capital inflows including portfolio flows were largely oscillating around USD 140 million in
2011 while net Foreign Direct Investment (FDI) stayed below USD 30 million. Stability of capital flows is
important in balancing the capital account. Caution must be taken when there are observed large inflows
that are speculative in nature as this can trigger instability in the financial system.
Short Term Capital

Source: Central Bank of Kenya Database
16
FDI Flows
Remittances
Dec-11
Oct-11
Aug-11
Jun-11
Apr-11
Feb-11
Dec-10
Oct-10
Aug-10
Remittances and FDI
80
70
60
50
40
30
20
10
0
Jun-10
160
140
120
100
80
60
40
20
0
Apr-10
90
Feb-10
180
Dec-09
Short-Term Capital
Chart 7: Trends in Capital Flows (USD Millions)
1.8. Implication of Global Financial Crisis on Performance of Saccos
Globalization has been accompanied by financial liberalization, which has seen the reform of many policies
that would have previously insulated national economies from crises elsewhere in the world. Shocks in
financial markets have increasingly triggered economic crisis in real economies.
The crisis that has faced global financial markets since 2007 has had dramatic implications for economic
growth in developed countries and developing countries, with most countries now reporting that theyve
entered into in a recession.
However, Africas low level of integration into global financial markets isolated it from the immediate
impacts of the global financial crisis. Extensive bail out packages for banks have not been announced in
Africa and few firms held assets associated with the global financial crisis (African Co-operatives and
Financial Crisis; Emma Allen and Sam Mughimbi, 2009). It is believed that financial institutions in SubSahara Africa had little direct exposure to the US sub-prime market. However, the exposure of the private
sector to these financial markets remains to be understood. Despite low level involvement the factors that
triggered the global financial crisis, the continent has not been spared from the spillover effects associated
with the financial crisis. It is noted that technological advances, trade and financial liberalization, along
with regulatory reforms aimed at enhancing economic integration have decreased barriers to markets of
developing countries throughout the world.
Research from the IMF (Hesse & Cihak, 2007) indicate that cooperative financial institutions tend to be
more stable in times of crisis, as their investment patterns use the capital of members in ways that best
serve their long term needs and interests. They have a lesser tendency to invest in high risk financial markets
compared to commercial banks. It is therefore thought that their comparative stability, under both average
and extraordinary conditions, can help to mitigate crisis impact for members and clientele, especially in
the short-term. However, since most Saccos draw their membership from the formal sector, in times of
economic downturn, the functioning of the SACCO can be undermined if members incomes are destabilized
by volatility in the economy. This may lead to reduction of members savings and an increased demand for
loans. SACCOs have reported increase in demand for loans, but have exercised caution in responding to
requests.
Saccos are generally guided by a conservative lending philosophy that places member needs ahead of
institutional profits. This restricts them from engaging in high risk lending practices, distinguishing them
from other financial institutions and has shielded them from fianancial upheavals that continue to face the
commercial banking sector.
17
1.9. Structure of Sacco Sub Sector
The Sacco sub sector comprises both Deposit Taking and non-Deposit Taking Saccos. Deposit Taking Saccos
are licensed and regulated by SASRA while non-Deposit Taking Saccos are supervised by the Commissioner
for Co-operatives. SASRA licenses Saccos that have been duly registered under the Cooperative Societies Act
CAP 490.
As at 31st December 2011, the total number of Deposit Taking Saccos was 215 of which 110 had been
licensed. 105 Saccos were at various stages of analysis and processing. It should be noted that these Deposit
Taking Saccos were in operation prior to establishment of SASRA in 2009 and have applied to be considered
for licensing as Deposit Taking business.
The Deposit Taking Saccos that are spread across the Counties are distributed as follows:-Government
based Saccos 87, Farmers based Saccos 74, Private institutions based Saccos 24, and Community based
Saccos 30.
1.10. Supervision and Regulation of Licensed Deposit Taking Saccos.
The Authoritys key mandate as spelt out in section 5(a) (b) of the Act is to license Saccos to carry out
Deposit Taking business and to regulate and supervise them. The Authority carries out its mandate through
the Sacco Supervision department whose major tasks include: Licensing of Sacco societies to carry out Deposit Taking business.
Regulate and supervise Sacco Societies
Carrying out onsite evaluation and offsite analysis of the financial condition of licensed Saccos to ensure
compliance with the statutory and prudential requirements.
The Authority also processes approvals for Saccos in regard to opening of Sacco branches, appointment
of external auditors, agency banking and annual license renewal.
1.11. SASRA Board of Directors
The board of directors oversees the operations of the Authority with the day to day functions undertaken by
the management and staff. The board comprises members drawn from the following institutions:i)
The Permanent Secretary to the Treasury or his representative;
ii) The Commissioner of Co-operatives or his representative;

iii) The Governor of the Central Bank or his representative;
iv) Four members, not being public officers, appointed by the Minister by virtue of their knowledge in
co-operative practice and management, law, finance or economics; and
v) The Chief Executive Officer.
18
In order to effectively run its affairs, the board has the following three board committees; Finance and Human
Resource & Administration committee, Research and Supervision committee and Audit & Risk Management
Committee with this key additional roles and functions.

Research and Supervision committee
Audit & Risk Management Committee
Finance and Human Resource & Administration committee,
The Committees are comprised of Directors appointed by the Board. The objective of having Committees is
mainly to enhance corporate governance, to advise the Board on various issues, review, action and monitor
tasks assigned to it and to the management; all geared towards improving efficiency & effectiveness in doing
business. A substantial portion of the analysis and work of the Board is done by standing Board committees.
The Committees report to the Board of Directors.
Below is the Authoritys organization structure with the various departments and board committees.
Chart 8: Organization Structure.
Board of
Directors
DFG Board
of Trustees
Supervision &
Research Comm.
Audit & Risk

mgt. comm.
CEO
Finance
& HR Comm.
Internal Audit &

Risk Management Dept.
Sacco Supervision
Department.
Policy, Research
& Dev. Dept.
Legal Affairs
Department
Finance &
Planning Dept.
HR & Admin.
Department
Corporate
Communication
19
The SACCO Supervision department is responsible for the implementation of the Authoritys primary
mandate of licensing and regulation of licensed Saccos. Regular supervision and surveillance of Saccos
ensures they operate within established legal framework and therefore ensuring safety, soundness and
integrity of their operations with ultimate goal of protecting Sacco members funds. In order to achieve this
objective the department undertakes the following functions:

Processing of licenses for Deposit Taking SACCO Societies and monitoring and evaluating their
performance.
Continuous review and improvement of policy, regulatory and supervisory framework
Conducting on site evaluations and off site surveillance and enforcement of compliance with the
regulatory requirements:
Investigating and enforcing cases of violation against regulatory requirements in line with the SACCO
Societies Act 2008 and regulations.
Analysis of data and information on performance of SACCO Societies and disseminating the same to the
different stakeholders
The other departments of the Authority are Legal Affairs, Research and Policy, Finance and Planning, Internal
Audit and risk management, and human resources & administration Departments.
1.12. Ownership and Categories of licensed Saccos
The formation of Saccos is on the basis of an agreed common bond which could be employment, geographical
location or economic activity. Ownership is therefore generally structured on these considerations. The four
broad categories and the number of licensed Saccos in each category as at 31st December 2011 is as shown
on Table 3;
a. Government based Saccos: - Comprise members from Ministries and Government agencies, public
schools, colleges and local authority/municipality employees.
b. Farmer based Saccos: - Comprise farmers in different agriculture activities.
c.
Private institutions based Saccos: - Draw members from employees of private enterprises including
non-governmental organizations operating in Kenya.
d. Community based Saccos: - Draw members from the local communities where they operate and include
SME traders and farmers.
20
Table 3 provides further insight on what each category of membership accounts for among the licensed
Deposit Taking Saccos.
Table 3: Ownership and Categories of licensed D.T Saccos as at December 31, 2011
No. of
Ownership
Assets (K.sh)
% of Total
Deposits(K.sh.)
Saccos
% of Total
Government
42
119,088,314,465
71
86,707,676,208
71
Farmers
40
22,599,711,612
14
14,906,914,557
13
Private institutions
14
18,880,271,943
10
13,846,049,693
12
Community based*
14
6,527,491,721
4,879,233,698
TOTAL
110
167,095,789,741
100
120,339,874,156
100
* These include Traders based Saccos, Transport based Saccos and church based Saccos
Chart 9: Ownership Size, Assets and Deposits of Licensed Deposit Taking Sacco
Assets
Deposits
Community Based
4%
Community Based
4%
Private
Institutions
10%
Farmers Based
13%
Farmers Based
14%
Government Based
71%
Private
Institutions
12%
Government Based
71%
NB:
i. Government based Saccos draw their membership from government ministries, government agencies (government owned
enterprises & statutory bodies) public schools, colleges and Local Authority/ municipality employees.
ii. Private institutions based Saccos draw their membership from employees of private limited companies and non- governmental
organizations operating in Kenya.
iii. Farmers based Saccos draw their membership from farmers.
iv. Community based Saccos draw their members from local communities who are involved in either trading, local churches etc.
21
1.13 Distribution of Sacco Branches

Table 4: Sacco Branch Distribution
COUNTY
2010
2011
COUNTY
2010
2011
MOMBASA
25
SAMBURU
KWALE
26
TRANS NZOIA
KILIFI
27
UASIN GISHU
TANA RIVER
28
ELGEYO/MARAKWET
LAMU
29
NANDI
11
11
TAITA TAVETA
30
BARINGO
11
11
GARISSA
31
LAIKIPIA
11
11
WAJIR
32
NAKURU
10
10
MANDERA
33
NAROK
10
MARSABIT
34
KAJIADO
11
ISIOLO
35
KERICHO
22
22
12
MERU
47
47
36
BOMET
18
18
13
THARAKA NITHI
37
KAKAMEGA
10
10
14
EMBU
18
18
38
VIHIGA
15
KITUI
39
BUNGOMA
12
12
16
MACHAKOS
40
BUSIA
17
MAKUENI
41
SIAYA
18
NYANDARUA
10
10
42
KISUMU
19
NYERI
37
37
43
20
KIRINYAGA
24
24
21
MURANGA
23
22
KIAMBU
23
24
15
15
HOMABAY
44
MIGORI
23
45
KISII
31
31
37
38
46
NYAMIRA
TURKANA
47
NAIROBI
81
85
WEST POKOT
526
531
TOTAL
Sacco branches increased to 531 in 2011 from 526 in 2010. Nairobi recorded the highest number of branches
at 85, followed by Meru County with 47 and Kiambu County with 38 branches respectively.
1.13. Sacco Market Share Analysis.
For logical market share analysis, the Deposit Taking Saccos have been categorized into three peer groups.
The grouping is based on the average market share comprising capital size, deposits, total loans and assets
size as indicated on the table 5 below.
22
Table 5: Market Share Analysis for Licensed Deposit Taking Saccos as at Dec. 2011
Assets
No. of
CATEGORY
K.sh.
% Deposits
% Loans
%
Sacco
billion
LARGE (Above
43
142.8
85.5
103.5
80 121,900
83
Shs.1 b)
MEDIUM (Above
Shs.200m &
below 1b)
43
21.2
12.6
14.8
16
21,063
14
SMALL (Below
K.Sh 200 million)
24
3.1
1.8
2.0
4,775
110
167.1
100
120.3
100
126.9
100
TOTAL
Average
Market
Size
78
17
5
100
i.
Category one comprises of Saccos with assets above K.sh. 1 billion. As at 31st December 2011, there were 43 large Saccos
with an average market size of 85.5% of the licensed Saccos total assets. Out of the 43 Saccos in this peer group, 29 were
Teachers based Saccos representing 67% of the group. The higher representation of teachers Deposit Taking Sacco is
explained by the fact that they are distributed in 42 Counties of Kenya in addition to regular income of their members.
ii.
Category two comprises of Saccos whose assets are more than K.sh.200 million but less than K.sh.1billion. There were 43
Saccos in this peer group as at 31st December 2011 with a combined asset base of K.sh.21.2 billion translating to an average
market size of 13% in terms of total assets.
iii. Category three comprises of Saccos with asset base of less than K.sh.200 million. As at 31st December 2011 there were 24
licensed Saccos in this category with a combined asset base of K.sh.3 billion and representing about 2% of the market size.
23
The Minister for Co-operative Development and Marketing, Hon. Joseph Nyagah, EGH, MP presents the
first Deposit Taking licence certificate to the Chairman of Stima Sacco Society, Eng. Joseph Njoroge at
the inaugural licensing ceremony held in 2011.
24
CHAPTER TWO
Developments in the Sacco Sub Sector
2.1. Introduction
The year 2011 witnessed a continued growth of the Kenya Sacco sub-sector on various key fronts including
increase in membership to 2.3 million from 1.6 million in 2010, deposits increased from K.sh.158 billion in
2010 to K.sh. 180 billion, total assets increased to K.sh.248 billion from K.sh. 216 billion in 2010. The gross
turnover for the sub sector grew by 13% to stand at K.sh.25 billion in 2011 compared to K.sh.22 billion in
2010. Total loans granted to members grew by 19% to stand at K.sh. 147.7 billion compared to K.sh. 124.6
in 2010 and increase of K.sh. 23.1 billion. Saccos posted a 38% increase in equity in an attempt to comply
with regulatory requirements. This saw total equity for Deposit Taking Saccos increase to K.sh. 27 billion
from K.sh.19.6 billion the previous year.
A total of 570 Saccos were registered during the year increasing total registered and operational Saccos to
3,632.
During the year under review most Saccos embraced growth strategies including mobile technology
adoption, branch network expansion, ATMs, research and marketing initiatives, adoption of agency banking
and rebranding (including change of Sacco names). Additionally, players in the sub-sector focused on
innovation in the delivery of services and new products development. Key to this has been adoption of
relevant information system and greater participation in mobile money revolution enabling the subsector
to be more effective and efficient.
Saccos are part of the financial sector in Kenya. The development within the subsector is therefore guided
by the medium-term objectives of the financial sector reform and development strategy embedded in the
economic development blueprint, Vision 2030. The financial sector reforms objectives are focused on access
to quality financial services in a convenient and cost effective way.
The Sacco sub-sector performance in the year under review recorded an average growth of 15% inspite
of slow growth of the national economy coupled with stiff competition from conventional financial
institutions.
The following key compliance driven developments were undertaken by Saccos:i)
A uniform chart of accounts was adopted by all Deposit Taking Saccos
ii) Direct up-loading of periodic returns into the Authoritys website
iii) Upgrading management information systems of various Saccos to meet regulatory requirements.
25
iv) Increased adoption of mobile financial services by Saccos with many of them entering into partnership
with mobile service providers to provide financial services through the mobile phone platform.
v) Increased adoption of Agency Banking through partnership with commercial banks.
vi) During the year 10 specific circulars were issued to guide Saccos on implementation of prudential
guidelines.
2.2. Developments in Information and Communication Technology.
The ICT Unit oversees the design, management and execution of the Authoritys Information and
Communication Technology facilities and programs in line with the Authoritys strategic objectives.
The Unit develops, installs and maintains various systems and facilities that enable proper service delivery
to both the internal and external customers.
Deposit Taking Sacco societies continued to embrace the use of technology to deliver services to members.
Most notable has been the connectivity to ATMs and mobile delivery channels by a majority of the Deposit
Taking Saccos. As at December 2011, 101 licensed Saccos had connected to the Sacco Link network while
several others hooked on the Pesa point ATM network. Two Saccos have installed their own ATMs.
The use of mobile phone platform to deliver financial services has seen software vendors in the Sacco
subsector partner with the mobile service providers to integrate mobile solutions to their core systems.
Nearly all Deposit Taking Saccos are now able to have their members withdraw or deposit money in to
the FOSA account, make enquiries on the accounts, get notifications on their loans as well as pay their
bills. This is a significant development as it has allowed members to access Sacco services conveniently and
efficiently.
While a majority of Deposit Taking Saccos continued to upgrade the management information systems, the
overall business automation remains low due to low technical capacity in the subsector. This has stifled
the ability of the Saccos to optimize the use of information systems to deliver services efficiently while
adequately mitigating the operational risks that come with automation. Consequently, there are emerging
concerns in regard to sub-optimal ICT investments and increased incidences of fraud among the Deposit
Taking Sacco societies.
The Authority is currently developing a Risk Based Supervision framework with great emphasis on operational
risks and ICT controls and this will lead to appropriate guidelines to standardize risk management practices
across the licensed Sacco societies. There are also on-going capacity development initiatives to address
governance and core capacity issues including ICT skills.
26
2.3. Balance Sheet Analysis for Licensed Deposit Taking Saccos
The total assets for all Deposit Taking Saccos stood at K.sh.196 billion in December 2011, a growth of 15%
from the K.sh.171 billion recorded in 2010. The growth in assets was funded mainly by member deposits
which increased from K.sh.123 billion in 2010 to K.sh.141 billion, a 15% growth. A total K.sh. 148 billion
was disbursed as loans and advances. Total loans accounted for 75% of the total assets reinforcing the fact
that Saccos core business is to mobilize savings lend to their members. The additional funds to the deposits
were from retained earnings, loans from commercial banks, KUSCCO and other financing institutions (please
refer to annex 2 for additional analysis)
Table 6: Consolidated Balance Sheet Analysis for Licensed Deposit Taking Saccos as at Dec. 2011.
ASSETS
2011
2010
% Change
Cash & Cash Equivalent
14,908,356,187
14,376,566,038
3.7
Prepayments & Sundry Receivables
8,028,029,923
8,499,598,626
-5.5
Financial Investments
7,659,625,328
7,173,984,887
6.8
Gross Loan Portfolio
125,596,266,019
106,130,241,472
18.3
Accounts Receivables
124,962,214
123,660,451
1.1
Property & Equipment & Other assets
10,778,550,070
9,608,672,127
12.2
Total Assets
167,095,789,741
145,912,723,601
14.5
LIABILITIES
Total Deposit liabilities
Accounts Payable & Other Liabilities
External Borrowing
Total Liabilities
EQUITY
Share Capital
Capital grants
Retained Earnings
Other Equity Accounts
Total Equity
Total Liabilities and Equity
120,339,874,156
19,110,446,096
5,612,072,126
145,062,392,378
105,141,389,064
24,124,246,284
15,300,000,000
129,355,883,694
14.5
-20.8
-63.3
12.1
6,147,087,161
109,271,963
5,146,928,347
10,630,109,892
22,033,397,363
167,095,789,741
4,849,149,312
75,636,637
3,268,744,518
9,214,708,931
16,705,870,166
145,912,723,601
28.8
44.5
57.5
15.4
31.9
14.5
** Figures quoted are in K.sh. where applicable.
Retained earnings grew by 57.5 % with the growth attributed to the implementation of regulations that
encourage Saccos to build their institutional capital.
2.4. Future Growth
While the subsector as a whole has improved in terms of management and technology capacities, the key
driver for the growth in Deposit Taking Sacco societies is the opportunities in the quasi banking activity
(Front Office Savings Activity-FOSA). The quasi banking services and products including salary and business
accounts (demand deposits), salary processing, short-term loans/advances, ATMs, and mobile phone enabled
services, has positioned Deposit Taking(FOSA operating) Saccos favourably in the market by enabling them
to provide new and competitive products and services to members. This trend is expected to improve as the
27
benefits of the prudential regulatory framework trickle down to the members and the general public with
improved governance and enhanced technical capacity through effective implementation of the operational
regulations and prudential standards. This in turn will open up new growth opportunities for Saccos that
will appropriately align the regulatory framework with their business strategies.
2.5. Gross Loans, Loan Account and Non Performing Loans
Saccos do not clearly categorize loans to determine which sector of the economy is funded by such granted
loans. However, most of the loans granted are in the category of personal/household sector with large
amounts utilized for school/college fees, general development and for emergency purposes.
Table 7 provides Loan accounts, gross loans and gross NPLs based on 110 licensed Saccos as at 31st
December 2011.
Table 7: No. of Accounts, Gross Loans and NPLs as at December 2011
No. of Loan Accounts
Gross Loans
Gross NPLs
% of total
1,883,651
125,783,625,291
12,185,308,345
9.6%
A total of 1.88 million Sacco members were granted loans in year 2011. This translates to 90% of all Sacco
members having been granted loans. In the year 2011, commercial banks had 1,990,453 loan accounts.
2.6. Risk Classification of Loans and Advances
Sacco regulations require Deposit Taking Saccos to maintain adequate provisions on non-performing loans
before declaring profits and subsequent payment of dividends. Regulations 41 and 44 require Saccos to
classify and provide for loans on the basis of the repayment performance by the borrowers into performing,
watch, substandard, doubtful or loss categories.
i)
ii)
iii)
iv)
28
Performing loans These are well documented and performing loans according to contractual
terms.
Watch loans These are loans whose principle or interest have remained unpaid for one to 30 days
or where one instalment is outstanding.(5 % loan loss provision is required for watch loans)
Substandard loans These are loans not adequately protected by the current repayment capacity
and the principal or interest have remained unpaid between 31 to 180 days or where two to six
instalments have remained outstanding.(25 % provision is required for substandard loans)
Doubtful loans These are loans not adequately protected by the current repayment capacity and
the principle or interest have remained unpaid between 181 to 360 days or where 7 to 12 instalments
have remained outstanding.(50 % provision is required for doubtful loans)
v)
Loss loans These are loans which are considered uncollectable or of such little value that their
continued recognition as receivable asset is not warranted , not adequately protected and have
remained unpaid for more than 360 days or where 12 instalments have remained outstanding. (100
% provision is required for loss loans)
Table 8 provides analysis of total loans outstanding for the 110 licensed Saccos as at 31st December, 2011
Table 8: Risk Classification of Loans disbursed by licensed Saccos as at Dec. 2011
Classification
Performing
Loans
% of the total
103,543,494,571
82.4%
10,054,822,375
8%
Substandard
4,993,786,283
3.9%
Doubtful
2,764,642,783
2.2%
Loss
4,426,879,279
3.5%
125,783,625,291
100%
Watch
Gross loans
Source: Regulatory Returns
The non-performing loans (NPLs) which comprise substandard, doubtful and loss loan accounts constitute
9.6% of the gross loan portfolio. This level of NPL is very high and underlines the need for the Sacco subsector
to strictly enforce the credit policies to minimize the credit risk and thus loan loss provisions. The guarantee
system that Saccos apply in lending to member should further cushion the Saccos. The Authority is giving
high priority to compliance with the regulations on credit risk management to minimize the credit risk given
that over three quarters of the total assets in Deposit Taking Saccos comprise loans to members.
2.7. Profit and Loss
Turnover for Deposit Taking Saccos increased from K.sh. 18.8 billion in 2010 to K.sh. 21.3 billion in 2011,
a growth of 15%. This was largely attributed to growth in credit portfolio as a result of increased product
diversification during the period under review. Table 9 provides and analysis of income and expenditure of
Saccos.
29
Table 9: Consolidated Income and Expenditure for licensed Saccos expressed as a % as at December 2011
2011
% of Total
2010 % of Total
INCOME
K.sh.
Income
K.sh.
Income
Financial Income from Loans Portfolio
18,049,845,464
84.6%
15,793,037,809
83.9%
628,367,209
2.9%
470,654,003
2.5%
2,669,716,486
12.5%
2,552,690,388
13.6%
21,347,929,159
100%
18,816,382,199
100%
Interest Expense on Deposits
5,887,784,774
28%
4,499,779,691
24%
Cost of External Borrowings
1,895,382,203
9%
1,626,222,161
9%
739,707,191
3%
559,737,625
3%
42,162,870
0%
76,747,409
0.40%
669,659,304
3%
663,926,295
4%
9,234,696,342
43%
7,468,983,155
39%
12,113,232,817
57%
11,347,399,044
61%
Income from Investments

Other Operating Income-Salary
processing fees, membership fees etc.
Total Income
EXPENSES
Dividend Expenses (on member shares)

Fees & Commission Expense
Other Financial Expenses
Total Expenses
Net Financial Income
2.8. Income
The largest portion of Saccos income was derived from the loan portfolio and amounted to 79 % of the
total income. This was attributed to increase in loans and advances during the year. Interest income on
government securities reduced from K.sh. 622 million to K.sh. 446 million, a drop of 28% while deposits
with banks and other financial institutions reduced from K.sh. 436 million to K.sh.106 million, a drop of
75%. This drop was as a result of a shift from Saccos relying on external borrowings to internally generated
funds deposited in other financial institutions to meet members loans demand.
2.9. Expenses
The total expenses for licensed Deposit Taking Saccos increased from K.sh. 7.46 to billion K.sh. 9.23 billion
an increase 4 %, as a result of increase in the cost of external borrowing from K.sh. 1.6 Billion to K.sh. 1.9
billion representing a 14% increase. Payment of interest on deposit to members was the highest expense
item incurred by Saccos which increased from K.sh.4.49 billion to K.sh.5.88 billion an increase of 30%.
2.10. External Borrowing
Total external borrowing reduced from K.sh. 15.3 billion in 2010 to K.sh. 5.6 billion in 2011 a decrease of
63%. This could be attributed to the sharp increase in the cost of credit during the year from an average of
11% to 25%.
30
The Attorney General, Prof. Githu Muigai, EGH, flanked by the then Institute of Certified Public Secretaries
of Kenya Chairman, CS. Joe Mwangi Mbuthia hands over a trophy to Muhigia Teachers Sacco Society
Chairman, Mr. Dickson Munene Muriuki who scooped first position in the Co-operative award and overall
Chairman of the year award sections of the Champion of Governance awards held in 2011
31
CHAPTER THREE
Developments in Regulatory Framework
3.1. Prudential Regulation of Sacco Societies
The rapid growth of Saccos has come with increased challenges which could not be adequately addressed
within the provisions of the Cooperatives Societies Act (CSA) CAP 490, in spite of numerous amendments.
In response to this challenge, the Ministry of Cooperative Development and Marketing (MoCDM) recognized
the need for a specific legislation. Section 91A (1) of Cooperative Societies Act 1997 provided that;
The Minister shall in consultation with the apex society constitute by notice in the Gazette a body to regulate
the operations of savings and credit co-operatives
In this regard, the Sacco Societies Act (SSA) was enacted and assented to in 2008 providing for the licensing,
supervision and regulation of Sacco Societies. The Act also provided for the establishment of the Sacco
Societies Regulatory Authority (SASRA) with the mandate to enforce the new legal and regulatory framework.
In addition to prudential regulation, the Act also establishes the Deposit Guarantee Fund (DGF) which shall
provide protection to members deposits up to Ksh.100, 000 per member. The SSA commenced in 2009
but SASRA started operations in June 2010 upon publication of the Sacco Societies (Deposit Taking Sacco
Business) Regulations.
The new legal and regulatory framework modelled along the same principles as those for the regulation of
banks and Deposit Taking microfinance institutions has the primary purpose of improving governance of
Sacco societies through enhanced transparency and accountability.
Section 3(1) provides that the Act shall apply to every Deposit Taking Sacco business and specified non-
Deposit Taking business. In respect of the non-Deposit Taking business, the Minister may make regulations
specifying the non-Deposit Taking business to which this Act will apply including the measures for the conduct
of the specified business. The Sacco Societies (Deposit Taking Sacco Business) Regulations published by the
Minister in June 2010 therefore applies to every Deposit Taking Sacco business. The Deposit Taking Sacco
business refers to the taking of demand deposit from members which occur in Sacco societies operating the
Front Office Service Activity (FOSA).
SASRA is in its second year of implementing the Sacco Societies Act and the Regulations. Thus as a new
law, the focus has been on implementation of the law to ensure the policy objectives that informed the
new regulatory framework for Sacco Societies are satisfied. However, there has been a concern in the Sacco
subsector prompting proposals to amend certain provisions of the Act particularly but the same are still
under consideration by the Ministry and SASRA before the changes are made.
32
3.2. Licensing of Deposit Taking Saccos
Section 69 of the Sacco Societies Act provided one year from the date of publication of the Regulations for all
the Deposit Taking (FOSA operating) Saccos to apply for license. This period lapsed in June 2011 by which
date 200 Sacco societies had submitted their applications for license with SASRA. The balance of eighteen
(18) Sacco societies discontinued or closed the Deposit Taking Sacco business as they did not satisfy the
licensing requirements. These Saccos reverted to the operations the Back Office Service Activity (BOSA)
referred to in the Act as non-Deposit Taking Sacco business since they do not collect demand deposits from
members. The supervision of BOSA Sacco societies remains under the Cooperative Societies Act, Cap 490
administered by the Commissioner for Cooperative Development.
Fifteen (15) Saccos applied to commence Deposit Taking operations during the year bringing the total
license applications to 215 by the end of 2011. The Authority had licensed 110 Deposit Taking Saccos as
at December 2011. The licensed Deposit Taking Saccos account for 85 % of the member deposits and total
assets of the 215 Saccos that applied for license. Table 10 is a comparison of the licensed Deposit Taking
Saccos to the 215 Saccos.
Table 10: Comparison of Licensed D.T.S to the total applications as at December 2011
ITEMS
MEMBERSHIP
SHARE
CAPITAL
CORE
CAPITAL
MEMBERS
DEPOSITS
TURNOVER
LOANS/
ADVANCES
TOTAL
ASSETS
110 Licensed Saccos
1,459,943
5,587
13,010
119,440
20,006
126,866
166,086
215 Deposit Taking

Saccos
2,092,679
7,220
15,778
140,651
24,463
147,737
196,480
% of Licensed D.T.
Saccos to Total
D.T. Saccos
70%
77%
82%
85%
82%
86%
85%
SASRA expects to license one hundred and twenty (120) Saccos by end of June 2012.
33
The Table 11 is a summary of the total license applications by County by close of 2011.
Table 11: Licensing Status per County
County
Applications
Received
Licensed
Under
Review
County
MOMBASA
25
2
3
4
KWALE
KILIFI
TANA RIVER
1
3
1
0
2
0
1
1
1
26
26
27
LAMU
28
29
1
1
13
0
0
0
1
0
11
0
0
0
0
1
3
7
2
3
5
10
6
6
16
1
2
1
1
0
1
8
2
4
8
0
0
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
TAITA /
TAVETA
GARISSA
WAJIR
MANDERA
MARSABIT
ISIOLO
MERU
THARAKA
NITHI
EMBU
KITUI
MACHAKOS
MAKUENI
NYANDARUA
NYERI
KIRINYAGA
MURANGA
KIAMBU
TURKANA
WEST POKOT
SAMBURU
COUNTY
TRANS-NZOIA
TRANS-NZOIA
UASIN GISHU
ELGEYO/
MARAKWET
Applications
Received
Licensed
Under Review
1
1
5
1
1
1
1
1
4
NANDI
30
31
32
33
34
35
BARINGO
LAIKIPIA
NAKURU
NAROK
KAJIADO
KERICHO
2
2
5
2
2
9
2
0
1
1
1
4
0
2
4
1
1
3
36
BOMET
11
5
1
2
0
4
2
4
2
8
0
1
37
38
39
40
41
42
43
44
45
46
47
KAKAMEGA
VIHIGA
BUNGOMA
BUSIA
SIAYA
KISUMU
HOMABAY
MIGORI
KISII
NYAMIRA
NAIROBI
4
1
7
1
1
8
4
1
9
1
45
215
3
0
1
0
1
2
0
0
5
1
28
110
1
1
6
1
0
6
4
1
4
0
17
105
Nairobi County had the highest number of licensed Deposit Taking Saccos at 28 followed by Meru County
with 11 while Kiambu and Nyeri Counties tied with 8 licensed Saccos. Thus the four Counties accounted for
50% of the 110 licensed Deposit Taking Saccos.
Five (5) Counties, three of which are in Northern region of the Country did not have Deposit Taking Saccos.
These are Garrisa, Mandera, Wajir, Makueni and Turkana.
3.3. Regulatory Compliance by the Licensed Deposit Taking Sacco Societies
The licensing of a Deposit Taking Saccos marks the beginning of supervision through off-site and on-site
surveillance to ensure compliance with the Act, operational regulations and prudential standards. The
licensed Saccos are required to submit periodic financial reports to the Authority to facilitate monitoring
34
financial performance and taking necessary action in case of violations. A key output from these returns
is data and information on the performance of the Sacco subsector to the policy makers and the public
in general. This is necessary to ensure confidence in the Saccos, a prerequisite for the Sacco subsector to
attract new members and mobilize deposits.
3.4. Submission of regulatory returns
Licensed Deposit Taking Saccos are required to submit returns by the 15th day of the following month. These
returns include:
i.
ii.
Monthly Statement of Financial Position;
Monthly Statement of Comprehensive Income;
iii. Monthly Liquidity Statement;

iv.
v.
Monthly Statement of Deposit Return;

Monthly Capital Adequacy Return;
vi. Quarterly Investments Return; and
vii. Quarterly Risk Classification of Assets and Provisions.
The returns facilitate the continuous off site analysis of the financial performance of the Saccos against
the prudential standards, comparison with the peers and all the Saccos to bring out non- compliance and
unusual trends. Thus the returns are critical to regulatory work of monitoring compliance and give early
warning signs on financial condition of a Deposit Taking Saccos.
Compliance in terms of submitting accurate returns and on time averaged 80% in 2011 but this is expected
to improve tremendously in 2012 with the development of a web-based electronic submission of returns. As
at March 2012, all licensed Deposit Taking Saccos were able to electronically upload the regulatory returns,
enhancing compliance and efficiency in the process.
The challenge, however, remains on accuracy of the returns due to inadequate technical skills and accounting
controls in a number of Sacco societies. Continuous training and enforcement of sanctions for non-compliance
is expected to address this in 2012.
3.5. CAMELS Performance Rating
For objective analysis of the financial returns submitted by the licensed Saccos, the Authority adopted the
CAMELS performance rating framework to assess the financial soundness of the Deposit Taking Saccos. The
choice of CAMELS was attractive to the Authority given that it focuses on prudential standards provided for
in the Regulations which include capital adequacy, asset quality, operational sustainability, liquidity and
sound management practices that ensure member deposits are safe.
35
Adoption and implementation of CAMELS performance evaluation tool will ensure objectivity and
standardization in monitoring of the financial soundness and stability of individual Saccos, peer groups and
the Sacco subsector as a whole. The implementation is currently in progress under a project on developing
and implementation of a Risk Based Supervision framework funded by Government of Kenya and World
Bank.
3.6. Challenges in the implementation of Prudential Regulations
The new regulatory framework aims to enhance the transparency and accountability in the management
of the Sacco societies. Thus, the Act and the Regulations are risk oriented to ensure that practices in the
Saccos in respect of governance, operational and financial management are institutionalized and monitored
to protect the interests of the members and therefore depositors.
While good progress has been made by Deposit Taking Saccos in developing policies, establishing internal
audit functions and software upgrade, compliance remains a challenge due to legacy governance practices
where the directors are heavily involved in operations. Thus, separation of duties and responsibilities of the
Board and management has remained a thorny issue amongst some of the licensed Saccos.
Specifically, the challenges that the Authority continues to experience are summarized below:
a. Governance Structure: The historical practice where the management committee (now renamed
Board of Directors) comprising of elected officers are heavily involved in the operational affairs of the
Sacco to the exclusion of the technical staff is deeply entrenched limiting the effectiveness of the Act and
Regulations in licensed Deposit Taking Saccos.
b. Technical Capacity: The effective implementation of the new legal and regulatory framework requires
a new set of skills and knowledge. This requires financial resources and time besides the attitude change
amongst the leaders.
c. Management Information Systems: The operating regulations and prudential standards define new
ways of doing business thus requiring heavy investments by the Sacco societies in upgrading the existing
information systems for effective compliance. The pace of the upgrade is slow due to multiplicity of
factors including governance, technical capacity and financial resources.
The Authority working with the stakeholders and development agencies continues to address these
challenges through the following initiatives:-
a. Developing of technical guides to assist in the interpretation of the Act and Regulations for ease of
application by the Saccos. This includes Board manuals to guide the directors in their oversight
function. These are availed to the Saccos through the Authoritys website as well as hard copies during
trainings;
36
b. Member education through participation in the general and education meetings for them to appreciate
the role of SASRA in the improving governance in Saccos;
c.
Direct training by SASRA and also working with the key providers of technical assistance in the Sacco
subsector to ensure they understand the regulatory requirements;
d. Under a Sacco subsector reform programme, funded by Financial Sector Deepening Trust Kenya (FSD
Kenya), technical materials and toolkits have been developed covering governance, planning and change
management and are being implemented. Besides, the technical materials that have been developed
under the programme, a pool of service providers have also been trained to ensure technical support to
the Sacco societies. Other areas that this programme has addressed include automation and financial
reporting.
e. In 2012/13 financial year, the Authority plans to conduct a skills gap analysis among the licensed
Deposit Taking Saccos to inform appropriate intervention programmes that are sustainable.
3.7. Key Sub-sector Collaborative Initiatives in 2011
During the year under review, the Authority engaged in the following collaborative initiatives:i.
Received support from the Ministry of Co-operative Development and Marketing in the areas of
financial support from the exchequer and policy guidance in implementing the prudential regulatory
framework;
ii. Received support on various components from the Ministry of Finance through the Financial and Legal
Sector Technical Assistance Program (FLSTAP). Key to this was engagement of a Resident Advisor with
expertise in regulatory development, to advise, develop and assist in the implementation of a Risk
Based Supervision System for the Authority;
37
Annex 1
Performance Trend for the Deposit

Taking Saccos (K.sh. m)
Performance item
Total Assets
Loans/Advances
Deposits/savings
Share Capital/Equity
Turnover
Membership
No. of Saccos
2007
115,900
77,356
61,753
2,473
13,589
955,162
214
2008
134,018
90,984
71,110
2,720
15,698
1,061,348
214
%
16
18
15
10
16
10
2009
146,167
102,514
105,929
4,242
17,195
1,538,993
218
%
9
13
49
56
10
45
2010
171,345
123,492
123,137
19,621
22,022
1,646,966
215
%
17
20
16
28
28
7
2011
196,342
147,737
140,650
27,067
25,000
2,092,946
215
%
15
20
14
35
14
27
Annex 2
Comparison of Deposit Taking and

Non Deposit Taking Saccos
D.T. Saccos
Non D.T. Saccos
Total
No. of Saccos
215
3,632
3,887
% of D.T to
Total Saccos
5.5%
Membership
2,092,946
7,221
140,651
475,836
1,674,000,000
39,296,000,000
2,568,782
8,895,000,000
179,947,000,000
81%
80%
78%
24,464
6,331,000,000
30,795,000,000
79%
Loans
147,738
41,194,000,000
188,932,000,000
78%
Assets
196,480
51,371,000
247,851,000,000
79%
Item
Share Capital
Deposits
Turnover
Figures in Kenya Shillings where applicable
38
Annex 3
Circular No.
Sacco Supervision Circulars

Issued in 2011
Date
Title
Subject
8.
14th January, 2011
2010 audits and compliance

with SACCO Societies Act 2008
2010 audits and compliance with SACCO

Societies Act 2008
9.
25th January, 2011
Information on current MIS

software
Information on current MIS software
10.
9th March, 2011
SACCO Society Deposit Levy
SACCO Society Deposit Levy Rate of

0.15%
11.
4th April, 2011
Procurement in Deposit Taking

SACCO Societies
SACCOS reminded that Procurement and

Disposal procedures are carried out in
accordance with the Public Procurement
and Disposal Act 2005, and The Public
Procurement and Disposal Regulations
2006
12.
11th April, 2011
Regulatory Returns
Guidelines on the relevant returns to be

submitted to the Authority regularly.
13.
11th May, 2011
Deadline on submission of
license application
Deadline submission of license

application is 17th June, 2011.
14.
9th May, 2011
Approval of agency banking by

the Authority
Approval of agency banking by the

Authority
15.
24th May, 2011
Financial offers by SACCO

Societies to Authority staff
SACCOS should desist from offering

Financial offers to Authority staff
18.
7th July, 2011
SACCO Deposit Levy
Reviewing of the SACCO Deposit Levy
22.
16th September
2011
Stakeholder views and redress

mechanism
Saccos requested to formally channel

their compliments and complaints to the
Authority
39
Annex 4
County Distribution of Deposit

Taking Saccos
The table below shows distribution of licensed Deposit Taking Saccos across the Counties.
S/NO
County Name
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47
Mombasa
Kwale
Kilifi
Tana River
Lamu
Taita /Taveta
Garissa
Wajir
Mandera
Marsabit
Isiolo
Meru
Tharaka Nithi
Embu
Kitui
Machakos
Makueni
Nyandarua
Nyeri
Kirinyaga
Muranga
Kiambu
Turkana
West pokot
Samburu
Trans-Nzoia
Uasin- Gishu
Elgeyo/Marakwet
Nandi
Baringo
Laikipia
Nakuru
Narok
Kajiado
Kericho
Bomet
Kakamega
Vihiga
Bungoma
Busia
Siaya
Kisumu
Homabay
Migori
Kisii
Nyamira
Nairobi
Totals(Licensed)
Total ( Not
Licensed)
Total (Combined)
40
Teachers
NL
L
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
2
1
2
1
2
1
28
18
46
Government
NL
L
1
2
1
1
1
1
2
2
1
1
1
2
12
13
16
25
41
Farmers
NL
L
3
6
1
2
1
1
4
1
5
2
2
1
3
1
4
1
1
2
1
1
1
1
1
1
3
3
5
1
1
1
4
1
1
3
3
1
38
36
73
Private
NL
L
1
1
1
1
1
1
2
1
1
1
1
1
1
2
8
14
10
24
Community
NL
L
1
3
2
1
1
2
1
5
1
1
1
1
1
1
3
6
14
17
31
NL
2
1
1
1
1
1
3
5
1
2
4
2
4
2
8
1
2
1
4
4
2
4
1
1
3
4
1
1
6
1
6
4
1
4
17
105
215
Totals
L
5
2
1
1
11
2
2
1
1
1
8
2
4
8
1
1
2
1
2
1
1
1
4
6
3
1
1
2
5
1
28
110
TOTAL
7
1
3
1
1
1
1
1
14
2
7
2
3
5
10
6
6
16
1
2
2
5
2
5
2
2
5
2
2
7
10
4
1
7
1
1
8
4
1
9
1
45
Annex 5
Composition and Distribution of Deposit

Taking Saccos per County
No.
1
2
3
COUNTY
Mombasa
Kwale
Kilifi
MEMBERS
24,362
Tana River
Lamu
Taita /Taveta
Garissa **
Wajir **
Mandera **
Marsabit
Isiolo
Meru
Tharaka Nithi
Embu
Kitui
Machakos
Makueni **
Nyandarua
Nyeri
Kirinyaga
Muranga
Kiambu
Turkana **
West pokot
Samburu
Trans-nzoia
Uasin Gishu
Elgeyo/Marakwet
Nandi
Baringo
Laikipia
Nakuru
Narok
Kajiado
Kericho
Bomet
Kakamega
Vihiga
Bungoma
Busia
Siaya
Kisumu
Homabay
Migori
Kisii
Nyamira
Nairobi
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
31,780
S. CAPITAL
62,719,928
7,097,600
40,602,849
DEPOSITS
3,070,854,857
319,032,700
1,673,259,608
TURNOVER
1,035,212,306
36,027,048
345,896,319
LOANS/ADV
4,822,680,229
167,491,491
1,768,625,663
T. ASSETS
5,539,782,690
323,000,972
2,311,363,366
No. of FOSAs
7
1
3
1,073
4,154,880
5,689
2,637
1,315,200
10,980,773
93,898,792
7,682,055
63,609,368
141,637,224
85,404,093
408,670,487
25,610,850
80,034,711
88,288,480
322,599,896
154,360,076
560,330,373
1
1
916
702.1
192,214
14,394
138,117
10,288
27,018
465,100
1,093,120.00
588,317,855
61,533,369
117,730,212
27,350,205
80,718,880
158,873,032
102,492,831
4,247,847,367
1,102,947,951
2,140,207,695
1,311,247,404
1,614,233,794
20,005,879
16,200,508
736,079,220
213,306,249
457,277,408
277,237,965
207,293,875
123,615,677
127,454,116
4,182,524,437
1,224,106,924
1,620,216,638
1,372,251,669
1,545,546,479
207,992,321
156,226,357
6,734,120,142
1,645,022,422
3,081,575,893
1,797,887,570
2,147,477,397
1
1
14
2
7
2
3
12,170
179,903
86,999
179,023
59,533
102,674,872
198,697,707
364,326,161
498,123,897
395,633,231
1,459,888,613
2,878,885,125
1,751,044,273
6,201,527,723
5,194,677,196
270,191,101
637,618,756
446,141,822
952,077,727
1,952,534,482
1,498,684,303
2,857,235,621
1,245,931,271
5,605,469,575
5,350,143,903
2,070,945,468
4,431,081,799
2,708,007,019
8,751,688,422
7,713,568,988
5
10
6
6
16
3,322
1,668
4,440
18,384
5192
11,572
12,004
6,551,040
14,974,505
33,492,682
143,695,106
24,940,926
37,938,503
264,063,125
85,523,058
79,865,773
7,063,766
6,197,277
343,634,866
205,288,931
304,305,755
16,571,164
57,526,144
18,254,207
5,166,000
68,066,029
14,261,038
5,381,120
201,529,287
14,841,878
2,697,311,822
7,219,979,839
420,244,020
219,725,868
393,069,428
1,497,978,316
593,703,454
740,002,815
1,734,426,475
655,206,871
2,552,225,371
425,316,729
238,210,927
4,687,710,936
947,015,154
2,826,991,249
5,776,550
858,509,207
362,908,652
161,772,314
1,053,440,003
194,366,588
194,831,482
3,706,535,749
103,955,950
82,262,019,680
140,650,937,330
34,548,252
41,272,901
72,436,283
201,026,599
61,981,830
103,442,894
386,574,679
138,360,115
442,066,786
25,593,617
72,477,403
998,748,137
692,247,482
743,155,316
7,277,930
167,279,145
41,690,320
30,719,919
134,746,701
16,437,573
19,770,053
1,004,076,427
54,891,888
11,256,074,794
24,463,325,325
269,100,156
297,795,557
383,022,673
1,658,426,785
546,824,187
447,662,248
1,854,565,738
1,059,022,567
2,504,623,096
512,177,627
299,127,761
5,347,701,231
606,031,791
3,321,855,180
6,145,385
689,509,568
349,782,614
99,696,183
1,195,112,525
209,271,281
268,384,026
3,936,649,166
116,237,543
87,772,291,123
147,737,491,749
560,908,389
381,149,117
584,779,995
2,309,212,709
698,371,632
846,606,803
2,821,936,068
1,330,650,346
3,407,874,008
625,283,794
361,382,028
7,418,424,036
1,444,474,051
4,667,514,133
28,568,781
995,346,129
444,444,154
298,689,150
1,656,298,700
286,119,239
323,770,553
5,278,180,349
190,806,811
109,043,348,418
196,480,207,895
1
2
2
5
2
5
2
2
5
2
2
7
10
4
1
7
1
1
8
4
1
9
1
45
215
15,342
3,232
2,524
86,305
53,560
107,482
7,069
10,218
1,902
13,481
3,452
73,437
13,567
487,706
2,092,679
Note: ** Counties without Deposit Taking Saccos
41
Annex 6
Analysis of Deposit Taking Sacco Balance

Sheet as at December 2011
S/NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
42
CS NO
2,265
1,916
1,981
2,092
2,207
2,375
2,026
2,299
2,885
2,641
1,946
2,738
6,760
2,349
2,638
2,549
2,567
2,406
2,255
6,825
1,991
2,648
2,275
2,675
1,781
2,494
2,102
2,559
2,480
2,466
4,107
10,672
1,872
8,056
2,869
6,826
3,302
2,314
4,319
2,248
2,044
2,169
1,726
2,077
2,658
2,700
6,366
2,633
3,468
6,894
Name of Sacco
MWALIMU
HARAMBEE SACCO
AFYA
KENYA POLICE
STIMA
UNITED NATIONS
UKULIMA
KENYA BANKERS
KIPSIGIS TCHRS
GUSII MWALIMU
MAGEREZA
KAKAMEGA TRS
MURAMATI
BANDARI
METROPOLITAN
BARINGO TEACHERS
NYERI TEACHERS
NACICO
KILIFI TEACHERS
MERU MWALIMU
HAZINA SACCO
MURANGA TCHRS
KIAMBU UNITY
NAKURU TEACHERS
MASAKU TEACHERS
MUHIGIA
SHERIA SACCO
NYANDARUA TRS
KITUI TEACHERS
CHUNA
BINGWA-KT
MERU CENTRAL FARMER
TELEPOSTA
MURATA
NDEGE CHAI *
THARAKA NITHI TRS
WAUMINI
EGERTON UNIVERSITY
MOI UNIVERSITY
MAISHA BORA
JAMII
CHAI(KTDA)
MOMBASA PORT
ASILI
LAIKIPIA TEACHERS
WANANDEGE
SOUTH IMENTI TG
EMBU TEACHERS
KENPIPE SACCO
EMBU FARMERS
Member
49,040
92,842
39,016
34,330
12,831
3,969
33,387
16,565
17,200
16,376
19,489
16,574
86,301
8,629
20,632
7,911
7,904
10,046
30,590
8,734
8,795
8,611
4,201
6,255
6,839
8,889
3,834
43,476
30,559
2,886
78,886
24,924
8,255
13,407
3,158
4,022
2,768
12,954
8,168
3,164
10,358
4,194
7,236
6,985
1,471
100,933
Share capital
637,317,000
325,041,080
48,073,064
109,030,080
201,175,576
139,773,843
56,785,400
87,380,000
131,312,773
16,376,000
308,422,656
153,375,095
236,376,000
16,356,894
36,931,659
221,740,071
14,142,000
87,323,586
38,962,689
38,850,000
5,706,000
16,607,000
151,628,000
60,120,520
25,431,040
9,834,000
35,073,724
47,980,960
24,339,645
9,184,000
177,576,280
255,736,364
3,539,200
216,353,927
96,191,917
50,256,629
55,232,214
8,907,665
103,863,514
16,441,600
42,586,113
34,029,758
14,370,843
90,335,449
71,416,937
4,318,000
133,080,651
24,292,705
25,452,000
28,288,589
Deposits
15,420,454,000
10,661,264,862
7,127,532,651
6,359,575,443
5,469,067,784
4,724,584,873
4,165,983,617
3,741,597,417
2,402,522,226
2,889,672,195
2,100,841,367
1,942,605,011
2,317,496,000
1,703,662,622
1,672,476,261
1,599,935,250
1,639,260,000
880,583,493
1,627,216,172
1,229,046,000
1,735,087,901
1,456,796,086
1,523,764,000
1,618,162,196
1,411,857,093
1,021,001,865
1,439,289,601
1,152,925,990
1,160,852,218
1,234,599,736
976,936,000
1,198,550,586
918,856,734
882,929,322
986,237,875
930,189,184
1,186,155,336
852,418,898
814,563,700
1,063,942,307
920,102,972
948,736,801
617,092,952
869,321,164
610,573,884
1,036,152,355
745,419,886
918,829,332
893,467,742
782,270,750
Turnover
2,165,788,000
1,431,840,622
726,906,213
827,936,515
1,017,660,860
775,932,543
589,815,479
370,224,003
591,320,000
569,418,803
258,651,751
498,636,284
410,198,000
465,028,347
307,981,460
359,340,427
332,452,000
227,116,350
336,944,901
236,817,000
219,333,746
265,587,654
321,755,000
222,249,771
143,817,372
238,142,135
147,052,475
227,056,766
253,068,288
107,780,348
243,365,056
114,177,792
90,378,760
29,612,202
153,664,664
213,306,249
132,365,464
204,634,380
82,314,235
165,225,847
161,587,784
151,403,316
254,109,794
116,663,154
121,926,790
141,028,594
145,202,917
220,229,297
136,372,986
119,070,301
Loans/adv.
17,606,221,180
13,020,437,982
7,086,414,255
6,063,646,820
6,293,487,243
4,832,582,691
4,093,488,281
3,176,439,527
2,989,437,110
3,246,625,855
2,539,144,663
2,466,313,303
1,509,606,000
2,705,508,553
2,630,833,381
1,716,278,066
1,801,336,000
1,374,105,251
1,710,540,269
1,563,423,000
1,660,203,086
1,483,656,000
700,346,000
1,293,318,411
1,261,277,682
1,357,969,000
1,410,002,269
1,318,385,301
1,226,277,186
1,422,104,699
769,109,053
734,405,643
1,089,144,625
1,002,460,888
1,271,582,369
1,084,296,079
1,103,004,043
1,077,042,424
975,575,408
1,214,840,798
1,065,769,946
1,026,902,806
1,133,173,193
979,568,725
976,244,848
586,452,555
701,336,906
986,416,179
1,051,744,562
294,646,702
Total assets
19,305,419,928
15,909,438,522
10,248,782,459
7,862,320,203
7,703,900,792
5,610,570,727
5,080,073,524
4,287,259,898
4,190,385,837
3,873,877,870
3,350,874,448
3,195,746,049
3,170,683,000
3,007,048,007
2,982,974,165
2,621,397,480
2,553,252,000
2,343,434,526
2,216,006,032
2,053,443,430
2,010,281,730
1,888,986,000
1,876,898,000
1,864,791,319
1,761,243,899
1,695,354,000
1,634,614,030
1,590,420,610
1,585,804,554
1,536,791,659
1,524,835,787
1,510,759,497
1,493,162,523
1,456,375,131
1,442,132,199
1,391,076,342
1,386,326,947
1,374,929,998
1,324,909,096
1,305,417,747
1,271,286,978
1,267,422,971
1,242,224,312
1,219,588,295
1,209,364,423
1,206,286,516
1,185,246,560
1,181,254,718
1,134,770,226
1,119,358,020
S/NO
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
CS NO
6,336
6,070
2,001
2,185
2,483
9,510
8,379
16,919
3,110
2,624
6,531
6,447
2,386
7,178
6,433
2,085
1,615
2,757
3,047
2,876
2,032
2,690
2,660
2,523
2,563
2,686
1,834
2,022
1,984
2,709
2,678
2,365
10,308
8,012
3,626
2,755
2,484
3,109
6,267
6,403
7,590
6,570
10,020
5,932
6,179
2,664
6,749
6,721
2,635
7,591
6,977
5,939
2,865
1,920
6,228
6,432
10,541
7,320
Name of Sacco
KERICHO TEA - KH
NASSEFU
ARDHI
SUKARI
KENVERSITY
SAFARICOM
FORTUNE
NAKU
WANAANGA
WARENG TCHRS
WANANCHI - NTG
TAI - KTG
NATION STAFF
MERU SOUTH FMRS
WAKENYA PAMOJA
UFUNDI
KENYA CANNERS
KITE
MWITO
BUNGOMA TRS
ELIMU
KAPENGURIA TRS
TRANS-NZOIA TCHR
TAITA TAVETA TRS
RELI
COMOCO
JITEGEMEE
TEMBO
MWENDIWEGA
NANDI TEACHERS
SIMBA CHAI
TRANSCOM
NAROK TRS SACCO
THIKA DISTRICT TRS
FUNDILIMA
BUSIA TESO TEACHERS
MOMBASA TEACHERS
MUMIAS OGROWERS
MUNGANIA TG /DAIMA
UNIVERSAL TRADERS
MARAKWET TEACHERS
SOT TEA GROWERS
GITHUNGURI DAIRY
BURETI TEA
MASENO UNIVERSITY
MAGADI SACCO
NDETIKA RURAL
MIGORI TEACHERS
KWALE TEACHERS
KEIYO TEACHERS
2NK
MUKI
SIAYATCHRS
CHEMILIL SACCO
COUNTY SACCO
BIASHARA
UKRISTO NA UFANISI
MAUA METHODIST
Member
37,721
3,067
7,286
33,668
2,685
2,430
42,815
10,252
2,048
12,277
45,090
1,740
44,399
1,990
33,021
4,945
5,321
4,866
4,771
11,342
3,322
3,900
2,637
8,794
2,138
3,234
1,252
840
3,213
6,460
2,598
2,030
1,846
2,057
57,240
20,763
27,018
2,832
11,061
11,198
5,480
1,123
859
7,704
2,360
2,472
1,902
1,137
3,829
8,614
4,393
1,143
Share capital
82,361,000
62,536,097
16,250,880
16,845,309
4,419,840
13,192,776
118,809,685
27,667,269
20,634,800
16,726,530
65,515,524
83,959,509
13,053,400
36,267,722
94,233,789
52,624,768
6,583,000
17,500,000
24,242,000
31,074,900
14,187,136
6,551,040
31,444,682
10,980,773
7,223,040
6,502,860
3,479,680
6,288,639
15,589,130
15,588,992
13,829,939
20,916,986
4,118,000
5,354,377
8,836,605
18,254,207
5,494,823
126,596,484
40,672,344
54,036,000
5,406,000
75,107,865
30,612,195
52,278,255
845,824
3,449,680
25,478,400
5,381,120
7,097,600
19,534,926
1,451,520
2,157,440
5,166,000
3,410,500
10,297,600
21,109,000
8,175,348
50,496,320
Deposits
744,775,573
583,333,199
895,695,096
621,427,190
794,349,031
643,517,144
589,891,692
772,431,152
686,684,660
539,906,372
460,838,232
428,792,345
591,573,864
358,582,440
409,012,103
434,301,940
508,995,177
514,319,237
534,771,915
619,578,000
555,001,445
420,244,020
372,915,401
408,670,487
461,758,535
407,394,918
231,475,795
400,147,752
501,714,061
501,714,322
365,992,494
255,932,802
312,160,753
248,442,728
370,184,090
362,908,652
279,839,844
220,281,938
242,429,121
197,610,361
347,727,000
220,493,797
277,042,343
167,956,735
119,682,865
218,246,832
218,438,059
194,831,482
319,032,700
245,976,454
249,849,287
189,734,259
161,772,314
159,418,050
123,386,228
179,294,000
239,697,481
137,308,420
Turnover
168,081,000
139,393,155
94,982,145
154,787,327
101,006,775
97,487,488
175,295,534
80,070,681
127,980,763
102,398,870
149,810,515
92,307,165
77,481,680
98,926,216
257,681,274
56,899,090
96,452,000
50,671,632
57,116,517
120,945,620
93,762,854
34,548,252
70,480,823
80,034,711
80,169,668
203,253,922
72,719,835
4,101,794
43,477,064
62,680,060
32,186,176
48,373,491
48,610,447
41,690,320
67,876,418
76,988,050
65,421,450
62,414,843
31,652,547
43,432,940
53,652,347
48,819,914
16,996,777
68,478,135
37,648,737
19,770,053
36,027,048
30,329,283
25,414,866
28,160,223
30,719,919
40,227,866
42,096,886
50,703,000
26,170,387
7,833,480
Loans/adv.
431,887,000
784,572,118
884,883,879
644,594,308
754,023,384
858,769,159
330,302,295
704,092,157
647,564,618
559,560,221
462,916,024
353,085,576
556,474,023
384,768,621
406,690,250
330,409,846
463,023,000
459,816,758
549,207,451
426,301,255
457,089,571
269,100,156
373,870,383
322,599,896
193,778,259
405,440,379
430,232,901
357,145,438
224,583,807
224,582,483
409,989,522
240,830,073
378,914,381
344,261,747
387,785,707
349,782,614
294,845,459
176,147,186
154,265,281
283,310,659
310,469,776
117,088,427
274,604,579
73,261,920
287,299,008
277,210,813
274,636,323
268,384,026
167,491,491
236,354,411
117,053,204
128,812,357
99,696,183
114,067,158
138,577,774
221,348,000
235,446,278
110,123,690
Total assets
1,032,252,000
1,026,686,232
985,605,796
965,421,836
958,898,999
958,130,542
924,345,749
899,600,028
812,605,416
766,455,203
760,256,926
691,494,246
677,144,172
675,246,456
669,737,573
669,244,737
626,911,000
618,640,114
616,755,316
605,869,544
603,421,868
560,908,389
560,720,041
560,330,373
544,226,323
520,221,440
494,534,247
493,418,164
492,875,719
492,874,760
482,054,274
469,334,375
459,278,630
457,886,689
447,599,095
444,444,154
422,925,486
405,065,331
390,517,849
380,657,758
376,350,036
362,150,847
337,352,957
335,717,247
334,649,514
333,942,782
327,951,160
323,770,553
323,000,972
322,021,596
315,058,878
313,051,436
298,689,150
277,820,398
277,008,461
264,892,000
263,553,477
262,455,480
43
S/NO
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
CS NO
6,780
2,747
2,843
5,014
3,248
3,636
7,497
4,918
2,785
3,176
5,641
9,208
3,983
7,593
7,315
6,569
5,988
3,363
2,511
2,626
5,142
6,679
7,221
9,233
6,061
2,724
6,917
10,226
2,293
10,243
3,350
2,033
6,645
2,310
5,676
2,895
6,864
9,141
5,749
7,791
9,231
8,320
8,337
2,149
9,187
10,068
5,733
4,830
6,172
2,196
6,128
160
5,937
161
162
163
164
165
166
9,227
2,735
2,609
8,333
7,979
6,180
44
Name of Sacco
CHEPSOL TEA GROWERS
NAFAKA SACCO
IRIANYI TEA
NITHI TEA GROWERS
SAMBURU TEACHERS
BORABU TG
MWINGI MWALIMU
MERU NORTH F
MARSABIT TEACHERS
KERENGA
BARINGO FARMERS
KINGDOM
KMFRI
NYAMIRA TEA FMRS
ACO
KONOIN
BARAKA.MTG
PUAN
ISIOLO TEACHERS
LAMU TEACHERS
SAMBURU TRADERS
MWEA RICE FARMERS
KURIA TEACHERS
NTIMINYAKIRU RURAL
NANDI HEKIMA
TANA RIVER TRS
NYAMBENE ARIMI
WAKULIMA DAIRY
KIMUTE
WEVARSITY
WASHA
IMENTI
ELGON TEACHERS
TUPENDANE
TENHOS
NANYUKI EQUATOR
URUKU RURAL/TIMES U
BONDO TEACHERS
AINABKOI FARMERS
SUBA TEACHERS
FARIJI
RACHUONYO TRS
BANANA HILL MATATU
UFANISI
MATHIRA FMRS
DIOCESE OF MERU
NANDI FARMERS
MUDETE TG
ABERDARE RURAL
NDOSHA
SOTICO
MACADAMIA SACCO/
JIJENGE
NGP BAMBURI
NZOIA
JACARANDA
BONDE LA KERIO
SIRAJI
OGEMBO TEA GROWERS
Member
11,921
1,353
25,000
6,139
833
23,000
1,399
4,380
1,734
2,232
Share capital
9,126,801
23,651,625
46,125,235
11,276,740
8,476,877
10,567,886
3,010,560
19,954,112
465,100
11,013,637
42,323,054
15,248,000
11,361,999
14,841,878
5,352,000
14,523,006
54,956,321
2,945,766
1,093,120
1,315,200
6,497,628
59,850,994
6,672,000
5,709,129
10,721,000
4,154,880
9,599,723
17,013,000
9,456,640
4,038,724
9,870,678
9,379,384
8,038,400
3,410,778
16,973,820
14,106,121
7,526,248
2,793,600
13,632,678
5,561,728
11,197,342
2,829,440
14,181,696
3,222,939
13,313,000
13,309,828
2,157
7,488,867
35,110,116
4,990,000
7,921,800
Deposits
215,596,711
217,501,562
110,412,286
172,758,767
109,591,847
153,046,755
150,395,186
47,983,765
158,873,032
139,900,956
134,491,225
166,680,000
127,310,675
103,955,950
143,700,356
141,730,324
106,423,892
113,155,976
102,492,831
85,404,093
110,134,022
100,071,202
92,643,000
50,783,665
89,670,849
93,898,792
106,297,090
99,079,116
98,400,242
100,655,828
77,144,568
89,951,987
86,191,490
46,241,826
68,830,029
44,632,986
72,439,450
77,259,859
79,196,838
77,885,039
83,279,727
79,004,294
81,211,411
85,675,912
58,933,746
70,760,486
64,448,333
42,677,110
81,353,378
67,193,402
71,268,209
2,276
10,095,460
474
632
318
599
1,598
3,678
3,556,326
3,794,304
5,273,600
3,272,448
1,351,459
19,782,400
916
4,093
4,029
2,444
13,567
1,065
5,920
9,539
1,202
702
5,689
835
3,036
6,574
5,063
1,073
34,712
1,219
797
3,158
747
1,356
83,719
1,056
1,309
860
985
2,307
-
Turnover
40,178,805
36,675,067
62,630,688
28,070,356
49,707,138
24,169,677
39,578,158
20,005,879
17,996,746
27,234,252
20,426,000
22,089,923
54,891,888
15,540,125
25,925,379
27,558,299
25,593,617
16,200,508
25,610,850
13,202,545
14,461,514
17,097,000
12,441,885
37,305,606
7,682,055
16,677,000
2,172,370
16,071,888
14,687,196
19,600,700
14,555,201
7,571,060
22,501,325
16,433,325
19,582,125
7,237,741
9,253,041
5,979,001
17,249,377
6,915,334
168,329,762
13,694,888
17,392,000
13,060,847
11,825,871
12,743,655
1,982,409
14,947,691
13,806,373
Loans/adv.
126,348,306
221,149,600
64,964,170
139,810,845
193,117,037
91,032,456
145,974,483
127,035,039
123,615,677
184,571,072
138,287,672
145,894,000
139,404,575
116,237,543
148,410,858
115,065,858
62,366,507.00
133,263,246
127,454,116
88,288,480
104,678,520
93,403,687
87,852,000
92,665,206
100,361,287
63,609,368
66,029,677
75,859,000
126,656,389
108,460,967
84,643,662
82,519,000
73,219,775
100,493,279
80,191,417
82,777,719
101,481,058
83,758,638
57,135,151
90,098,067
69,205,501
84,693,776
60,898,264
85,169,617
45,011,000
87,192,877
44,111,040
34,800,383
10,145,049
66,650,759
70,326,893
Total assets
261,775,629
258,741,271
256,568,419
253,946,080
229,239,026
212,215,048
212,083,017
208,638,320
207,992,321
200,772,331
200,538,588
195,387,000
192,047,984
190,806,811
180,454,559
179,245,896
174,749,953
166,005,164
156,226,357
154,360,076
151,910,091
151,449,660
151,036,000
149,439,449
143,954,697
141,637,224
139,161,794
133,784,000
131,585,592
131,162,925
130,864,361
125,670,000
122,760,322
122,123,647
121,693,979
121,285,924
121,017,637
119,368,896
118,540,638
118,200,711
116,510,033
113,611,057
112,505,686
110,781,135
110,261,000
103,191,511
101,413,392
101,280,917
97,055,862
95,294,664
93,695,571
40,267,650
5,772,000
37,515,757
92,270,657
58,359,276
35,357,403
55,739,246
49,411,519
62,568,801
43,328,679
6,045,890
10,169,745
8,696,416
5,833,963
10,010,266
6,389,312
72,514,786
48,756,761
59,972,639
56,529,180
59,960,436
21,124,139
91,581,946
88,973,928
82,969,039
79,605,417
78,229,820
73,074,633
S/NO
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
CS NO
11,193
2,467
3,829
6,302
10,120
2,271
4,406
10,474
4,615
9,577
9,111
6,387
10,624
2,031
2,381
9,709
13,033
10,897
8,275
7,460
4,541
8,804
9,927
10,737
7,479
11,194
12,243
6,918
11,121
3,144
11,181
11,934
10,633
10,718
7,057
11,005
8,261
10,782
11,346
7,896
11,461
11,434
12,355
9,026
8,982
8,721
9,825
10,576
8,315
Name of Sacco
SILIBWET FSA RURAL
LENGO
AGRO-CHEM
KIPSIGIS EDIS
ORTHODOX
KICOWO
BARATON
KOLENGE TEA
UCHONGAJI
NYALA DAIRY
KIAMBAA DAIRY
GITHONGO MAJANI
GILGIL/vision Afrika
TUUNGANE TUJIJENGE
KORU-HOMALINE COM.
GOOD FAITH
KATHERA SACCO
GASTAMECO SACCO
NYANDO-KISUMU
OMOREMI RURAL
REA VIPINGO
VIHIGA DISTRICT TG
KAIMOSI TEA GROWERS
ILKISONKO RURAL
MICII MIKURU
TESCOM
MWIETHERI
TRANS-COUNTIES
NYAHURURU UMOJA
FLOUSPAR
NEST
MULOT FSA RURAL
ALL CHURCHES SACCO
LENGA TUMAINI
LIMURU Traders
NYABIERA SACCO
KIKAI RURAL
NYANKOBA SACCO
CHEBOSOBON
CHESIKAKI RURAL
KANGUNDO
RUBET SACCO
SIGOR FSA RURAL
IHURURU
KIAMOKAMA TG
DIMKES SACCO
MULOT TEACHERS
RONGAI RURAL
TAIFA - NYERI DFCS
Member
10,889
1,190
370
1,152
251
1,311
4,036
2,030
1,630
3,572
576
536
950
984
4,046
3,256
7,069
1,232
1,665
714
708
540
829
177
976
3,682
1,285
1,090
3,521
1,071
2,836
405
1,020
1,081
357
2,362
72,963
2,092,679
Share capital
17,491,400
1,084,000
8,769,393
8,797,600
9,446,408
1,572,096
5,376,000
6,250,354
1,785,011
7,864,756
11,028,911
3,363,840
7,426,811
6,732,957
2,828,343
4,493,427
1,472,000
5,974,016
15,023,192
2,981,120
556,160
16,571,164
4,283,081
2,747,597
2,066,915
6,298,546
218,560
2,048,000
9,561,600
6,199,936
2,098,638
9,900,800
5,337,600
5,763,098
828,160
3,041,527
4,746,655
4,184,484
128,000
1,550,080
1,251,840
1,306,437
1,965,184
606,373
2,540,800
7,219,979,839
Deposits
44,108,731
26,743,047
44,322,113
40,058,118
39,286,829
44,108,009
40,632,269
43,537,042
34,328,401
26,467,430
37,402,988
21,590,389
35,402,451
25,568,473
30,982,503
27,537,448
26,395,950
21,327,841
4,672,027
19,300,389
5,776,550
15,357,830
19,964,095
10,961,390
16,037,449
23,999,921
20,154,027
9,407,556
14,899,887
13,154,683
15,383,709
8,943,576
13,687,883
10,562,110
6,494,753
7,519,471
8,223,693
1,368,656
4,766,340
3,639,261
1,646,909
1,927,125
901,261
51,422,594
140,650,937,330
Turnover
15,445,854
6,866,240
6,301,970
3,502,351
11,488,323
5,557,826
5,130,469
5,703,884
8,166,706
10,732,642
6,841,970
4,435,941
7,611,576
3,237,301
3,255,168
4,003,535
3,908,326
3,313,847
4,516,596
39,333,990
2,085,178
7,277,930
3,229,670
3,999,269
3,900,143
4,734,081
2,727,810
1,955,460
2,259,060
1,226,490
4,572,818
481,411,444
1,736,688
529,214
1,093
288,070
1,934,009
1,186,022
1,503,316
373,013
1,061,660
794,984,960
725,448
361,699
632,200
3,997,857
-
Loans/adv.
5,970,009
41,217,829
48,617,402
53,974,599
36,234,447
34,024,515
45,766,639
32,840,798
34,871,886
21,580,613
49,093,051
27,193,880
33,768,981
17,202,997
29,390,239
29,252,029
21,767,506
7,340,198
12,276,992
17,564,400
16,867,565
6,145,385
17,709,580
21,916,948
4,932,524
16,318,728
2,772,994
9,152,290
19,760,983
9,626,825
12,850,355
15,654,007
6,446,466
6,849,112
8,821,470
5,089,199
8,011,698
302,046
6,259,559
7,049,531
958,138
3,443,649
2,124,954
2,140,385
493,850
53,909,971
-
Total assets
66,670,141
66,445,076
62,704,668
61,629,307
57,719,000
56,761,335
56,674,526
51,689,427
50,138,293
48,713,467
48,618,605
47,414,572
46,029,044
44,671,072
41,814,428
40,343,177
34,786,610
33,979,163
32,768,057
29,594,527
28,912,258
28,568,781
27,799,991
27,439,246
26,325,525
25,358,129
25,256,359
24,059,954
21,704,093
19,702,356
19,102,820
18,899,935
15,995,484
15,110,058
14,659,260
12,493,043
11,364,915
10,558,449
9,198,087
7,414,504
5,575,740
4,738,864
4,624,807
2,317,009
1,517,830
-
24,463,325,325
147,737,491,749
196,480,207,895
45
S/NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
51
52
53
54
55
56
46
CS NO
7,315
1,981
2,077
2,349
5,988
5,641
2,549
6,432
4,107
3,636
2,876
5,932
2,169
1,920
6,780
2,466
2,686
10,068
2,633
9,231
8,379
10,020
2,641
1,916
1,991
2,033
2,843
2,044
2,738
7,591
3,468
2,299
1,615
2,092
6,336
9,111
2,275
2,255
9,208
2,885
2,757
2,480
3,983
6,569
7,221
2,467
5,937
2,664
7,590
9,187
7,320
6,825
4,918
7,178
2,638
Annex 7
List of Licensed Saccos
Name of Sacco
ACO
AFYA
ASILI
BANDARI
BARAKA.MTG
BARINGO FARMERS
BARINGO TEACHERS
BIASHARA
BINGWA-KT
BORABU TG
BUNGOMA TCHRS
BURETI TEA
CHAI(KTDA)
CHEMILIL SACCO
CHEPSOL TG
CHUNA
COMOCO
DIOCESE OF MERU
EMBU TEACHERS
FARIJI
FORTUNE
GITHUNGURI DAIRY
GUSII MWALIMU
HARAMBEE SACCO
HAZINA SACCO
IMENTI
IRIANYI TEA
JAMII
KAKAMEGA TCHRS
KEIYO TEACHERS
KENPIPE SACCO
KENYA BANKERS
KENYA CANNERS
KENYA POLICE
KERICHO TEA - KH
KIAMBAA DAIRY
KIAMBU UNITY
KILIFI TEACHERS
KINGDOM
KIPSIGIS TCHRS
KITE
KITUI TEACHERS
KMFRI
KONOIN
KURIA TEACHERS
LENGO
JIJENGE
MAGADI SACCO
MARAKWET TRS
MATHIRA FMRS
MAUA METHODIST
MERU MWALIMU
MERU NORTH FARMERS
MERU SOUTH FARMERS
METROPOLITAN
Members
1,065
39,016
10,358
8,629
9,539
4,093
7,911
8,614
43,476
23,000
4,771
5,480
8,168
1,137
11,921
3,834
2,138
4,380
6,985
42,815
11,198
16,376
92,842
3,158
25,000
12,954
16,574
2,360
1,471
16,565
4,945
34,330
37,721
1,630
30,590
4,029
17,200
5,321
8,889
2,444
5,920
3,036
1,190
2,276
859
2,832
1,143
8,734
44,399
20,632
Share Capital
5,352,000
48,073,064
90,335,449
16,356,894
54,956,321
42,323,054
221,740,071
21,109,000
177,576,280
10,567,886
31,074,900
52,278,255
34,029,758
3,410,500
9,126,801
9,184,000
6,502,860
13,309,828
24,292,705
11,197,342
118,809,685
30,612,195
16,376,000
325,041,080
5,706,000
9,379,384
46,125,235
42,586,113
153,375,095
19,534,926
25,452,000
87,380,000
6,583,000
109,030,080
82,361,000
11,028,911
151,628,000
38,962,689
15,248,000
131,312,773
17,500,000
24,339,645
11,361,999
14,523,006
6,672,000
1,084,000
10,095,460
3,449,680
5,406,000
13,313,000
50,496,320
38,850,000
19,954,112
36,267,722
36,931,659
Deposits
143,700,356
7,127,532,651
869,321,164
1,703,662,622
106,423,892
134,491,225
1,599,935,250
179,294,000
976,936,000
153,046,755
619,578,000
167,956,735
948,736,801
159,418,050
215,596,711
1,234,599,736
407,394,918
70,760,486
918,829,332
83,279,727
589,891,692
277,042,343
2,889,672,195
10,661,264,862
1,735,087,901
89,951,987
110,412,286
920,102,972
1,942,605,011
245,976,454
893,467,742
3,741,597,417
508,995,177
6,359,575,443
744,775,573
37,402,988
1,523,764,000
1,627,216,172
166,680,000
2,402,522,226
514,319,237
1,160,852,218
127,310,675
141,730,324
92,643,000
26,743,047
40,267,650
218,246,832
347,727,000
58,933,746
137,308,420
1,229,046,000
47,983,765
358,582,440
1,672,476,261
Turnover
15,540,125
726,906,213
116,663,154
465,028,347
27,558,299
27,234,252
359,340,427
50,703,000
243,365,056
49,707,138
120,945,620
48,819,914
151,403,316
40,227,866
40,178,805
107,780,348
80,169,668
13,060,847
220,229,297
17,249,377
175,295,534
53,652,347
569,418,803
1,431,840,622
219,333,746
19,600,700
62,630,688
161,587,784
498,636,284
30,329,283
136,372,986
370,224,003
96,452,000
827,936,515
168,081,000
6,841,970
321,755,000
336,944,901
20,426,000
591,320,000
50,671,632
253,068,288
22,089,923
25,925,379
17,097,000
6,866,240
5,772,000
68,478,135
31,652,547
17,392,000
7,833,480
236,817,000
39,578,158
98,926,216
307,981,460
Loans/Advances
148,410,858
7,086,414,255
979,568,725
2,705,508,553
62,366,507
138,287,672
1,716,278,066
221,348,000
769,109,053
91,032,456
426,301,255
73,261,920
1,026,902,806
114,067,158
126,348,306
1,422,104,699
405,440,379
87,192,877
986,416,179
69,205,501
330,302,295
274,604,579
3,246,625,855
13,020,437,982
1,660,203,086
82,519,000
64,964,170
1,065,769,946
2,466,313,303
236,354,411
1,051,744,562
3,176,439,527
463,023,000
6,063,646,820
431,887,000
49,093,051
700,346,000
1,710,540,269
145,894,000
2,989,437,110
459,816,758
1,226,277,186
139,404,575
115,065,858
87,852,000
41,217,829
37,515,757
277,210,813
310,469,776
45,011,000
110,123,690
1,563,423,000
127,035,039
384,768,621
2,630,833,381
Total Assets
180,454,559
10,248,782,459
1,219,588,295
3,007,048,007
174,749,953
200,538,588
2,621,397,480
264,892,000
1,524,835,787
212,215,048
605,869,544
335,717,247
1,267,422,971
277,820,398
261,775,629
1,536,791,659
520,221,440
103,191,511
1,181,254,718
116,510,033
924,345,749
337,352,957
3,873,877,870
15,909,438,522
2,010,281,730
125,670,000
256,568,419
1,271,286,978
3,195,746,049
322,021,596
1,134,770,226
4,287,259,898
626,911,000
7,862,320,203
1,032,252,000
48,618,605
1,876,898,000
2,216,006,032
195,387,000
4,190,385,837
618,640,114
1,585,804,554
192,047,984
179,245,896
151,036,000
66,445,076
92,270,657
333,942,782
376,350,036
110,261,000
262,455,480
2,053,443,430
208,638,320
675,246,456
2,982,974,165
S/NO
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
CS NO
1,726
2,484
2,494
3,109
6,267
6,760
2,648
8,056
2,265
3,047
2,406
16,919
2,675
6,061
10,308
2,386
2,869
2,196
5,014
9,233
6,917
7,593
2,559
2,567
10,120
9,510
2,102
2,865
2,678
7,979
6,570
6,128
6,366
2,207
2,185
6,447
8,315
2,523
2,022
5,676
6,826
8,012
2,660
2,026
2,375
6,403
6,433
10,226
3,110
6,531
2,700
2,624
3,350
3,302
Name of Sacco
MOMBASA PORT
MOMBASA TEACHERS
MUHIGIA
MUMIAS OGROWERS
MUNGANIA TG /DAIMA
MURAMATI
MURANGA TCHRS
MURATA
MWALIMU
MWITO
NACICO
NAKU
NAKURU TEACHERS
NANDI HEKIMA
NAROK TEACHERS
NATION STAFF
NDEGE CHAI *
NDOSHA
NITHI TG SACCO
NTIMINYAKIRU RURAL
NYAMBENE ARIMI
NYAMIRA TEA FMRS
NYANDARUA TCHRS
NYERI TEACHERS
ORTHODOX
SAFARICOM
SHERIA SACCO
SIAYATCHRS
SIMBA CHAI
SIRAJI
SOT TEA GROWERS
SOTICO
SOUTH IMENTI TG
STIMA
SUKARI
TAI KTG
TAIFA - NYERI DFCS
TAITA TAVETA TRS
TEMBO
TENHOS
THARAKA NITHI TRS
THIKA DISTRICT TRS
TRANS-NZOIA TCHR
UKULIMA
UNITED NATIONS
UNIVERSAL TRADERS
WAKENYA PAMOJA
WAKULIMA DAIRY
WANAANGA
WANANCHI - NTG
WANANDEGE
WARENG TCHRS
WASHA
WAUMINI
Members
3,164
2,057
4,201
57,240
20,763
86,301
8,795
78,886
49,040
4,866
10,046
10,252
8,611
5,063
2,030
1,740
24,924
6,139
6,574
13,567
6,839
7,904
1,152
2,430
6,255
1,902
6,460
1,598
11,061
2,232
7,236
12,831
33,668
72,963
2,637
1,252
1,356
8,255
3,900
33,387
3,969
27,018
1,990
34,712
2,048
45,090
4,194
12,277
797
13,407
1,759,943
Share Capital
14,370,843
5,494,823
9,834,000
126,596,484
40,672,344
236,376,000
16,607,000
216,353,927
637,317,000
24,242,000
87,323,586
27,667,269
60,120,520
10,721,000
4,118,000
13,053,400
96,191,917
4,990,000
11,276,740
5,709,129
9,599,723
14,841,878
47,980,960
14,142,000
9,446,408
13,192,776
35,073,724
5,166,000
13,829,939
1,351,459
75,107,865
7,921,800
133,080,651
201,175,576
16,845,309
83,959,509
115,494,500
10,980,773
6,288,639
16,973,820
50,256,629
5,354,377
31,444,682
56,785,400
139,773,843
54,036,000
94,233,789
17,013,000
20,634,800
65,515,524
4,318,000
16,726,530
9,870,678
55,232,214
5,587,229,095
Deposits
617,092,952
279,839,844
1,021,001,865
220,281,938
242,429,121
2,317,496,000
1,456,796,086
882,929,322
15,420,454,000
534,771,915
880,583,493
772,431,152
1,618,162,196
89,670,849
312,160,753
591,573,864
986,237,875
67,193,402
172,758,767
50,783,665
106,297,090
103,955,950
1,152,925,990
1,639,260,000
39,286,829
643,517,144
1,439,289,601
161,772,314
365,992,494
62,568,801
220,493,797
71,268,209
745,419,886
5,469,067,784
621,427,190
428,792,345
1,031,316,247
408,670,487
400,147,752
68,830,029
930,189,184
248,442,728
372,915,401
4,165,983,617
4,724,584,873
197,610,361
409,012,103
99,079,116
686,684,660
460,838,232
1,036,152,355
539,906,372
77,144,568
1,186,155,336
120,439,874,156
Turnover
254,109,794
67,876,418
238,142,135
76,988,050
65,421,450
410,198,000
265,587,654
29,612,202
2,165,788,000
57,116,517
227,116,350
80,070,681
222,249,771
37,305,606
77,481,680
153,664,664
14,947,691
12,441,885
54,891,888
227,056,766
332,452,000
11,488,323
97,487,488
147,052,475
30,719,919
62,680,060
10,010,266
43,432,940
13,806,373
145,202,917
1,017,660,860
154,787,327
92,307,165
232,684,916
80,034,711
72,719,835
22,501,325
213,306,249
48,373,491
70,480,823
589,815,479
775,932,543
62,414,843
257,681,274
16,677,000
127,980,763
149,810,515
141,028,594
102,398,870
14,687,196
132,365,464
20,006,310,861
Loans/Advances
1,133,173,193
294,845,459
1,357,969,000
176,147,186
154,265,281
1,509,606,000
1,483,656,000
1,002,460,888
17,606,221,180
549,207,451
1,374,105,251
704,092,157
1,293,318,411
100,361,287
378,914,381
556,474,023
1,271,582,369
66,650,759
139,810,845
92,665,206
66,029,677
116,237,543
1,318,385,301
1,801,336,000
36,234,447
858,769,159
1,410,002,269
99,696,183
409,989,522
59,960,436
117,088,427
70,326,893
701,336,906
6,293,487,243
644,594,308
353,085,576
687,245,068
322,599,896
357,145,438
80,191,417
1,084,296,079
344,261,747
373,870,383
4,093,488,281
4,832,582,691
283,310,659
406,690,250
75,859,000
647,564,618
462,916,024
586,452,555
559,560,221
84,643,662
1,103,004,043
126,865,875,335
Total Assets
1,242,224,312
422,925,486
1,695,354,000
405,065,331
390,517,849
3,170,683,000
1,888,986,000
1,456,375,131
19,305,419,928
616,755,316
2,343,434,526
899,600,028
1,864,791,319
143,954,697
459,278,630
677,144,172
1,442,132,199
95,294,664
253,946,080
149,439,449
139,161,794
190,806,811
1,590,420,610
2,553,252,000
57,719,000
958,130,542
1,634,614,030
298,689,150
482,054,274
78,229,820
362,150,847
93,695,571
1,185,246,560
7,703,900,792
965,421,836
691,494,246
1,302,210,265
560,330,373
493,418,164
121,693,979
1,391,076,342
457,886,689
560,720,041
5,080,073,524
5,610,570,727
380,657,758
669,737,573
133,784,000
812,605,416
760,256,926
1,206,286,516
766,455,203
130,864,361
1,386,326,947
167,670,324,806
Key:
1. Large Saccos Total assets Above K.sh. 1 billion
2. Medium Saccos - Total assets Above K.sh. 200 million
3. Small Saccos
Total assets below K.sh. 200 million
47
Annex 8
S/No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
CS NO
2,265
1,916
1,981
2,092
2,207
2,375
2,026
2,299
2,885
2,641
1,946
2,738
6,760
2,349
2,638
2,549
2,567
2,406
2,255
6,825
1,991
2,648
2,275
2,675
1,781
2,494
2,102
2,559
2,480
2,466
4,107
10,672
1,872
8,056
2,869
6,826
3,302
2,314
4,319
2,248
8,315
2,044
2,169
1,726
2,077
2,658
2,700
6,366
2,633
3,468
6,894
6,336
6,070
54
55
56
57
58
59
60
61
60
61
62
63
66
2,001
2,185
2,483
9,510
8,379
16,919
3,110
2,624
6,531
6,447
2,386
7,178
6,433
48
NAME OF SACCO
MWALIMU
HARAMBEE SACCO
AFYA
KENYA POLICE
STIMA
UNITED NATIONS
UKULIMA
KENYA BANKERS
KIPSIGIS TCHRS
GUSII MWALIMU
MAGEREZA
KAKAMEGA TCHRS
MURAMATI
BANDARI
METROPOLITAN
BARINGO TEACHERS
NYERI TEACHERS
NACICO
KILIFI TEACHERS
MERU MWALIMU
HAZINA SACCO
MURANGA TCHRS
KIAMBU UNITY
NAKURU TEACHERS
MASAKU TEACHERS
MUHIGIA
SHERIA SACCO
NYANDARUA TCHRS
KITUI TEACHERS
CHUNA
BINGWA-KT
MERU C. FARMERS
TELEPOSTA
MURATA
NDEGE CHAI *
THARAKA NITHI TRS
WAUMINI
EGERTON UNIVERSITY
MOI UNIVERSITY
MAISHA BORA
TAIFA - NYERI DFCS
JAMII
CHAI(KTDA)
MOMBASA PORT
ASILI
LAIKIPIA TEACHERS
WANANDEGE
SOUTH IMENTI TG
EMBU TEACHERS
KENPIPE SACCO
EMBU FARMERS
KERICHO TEA - KH
NASSEFU
LARGE SACCOS
ARDHI
SUKARI
KENVERSITY
SAFARICOM
FORTUNE
NAKU
WANAANGA
WARENG TCHRS
WANANCHI - NTG
TAI - KTG
NATION STAFF
MERU SOUTH FMRS
WAKENYA PAMOJA
Market Share Analysis

Membership
49,040
92,842
39,016
34,330
12,831
3,969
33,387
16,565
17,200
16,376
19,489
16,574
86,301
8,629
20,632
7,911
7,904
10,046
30,590
8,734
8,795
8,611
4,201
6,255
6,839
8,889
3,834
43,476
30,559
2,886
78,886
24,924
8,255
13,407
3,158
4,022
2,768
72,963
12,954
8,168
3,164
10,358
4,194
7,236
6,985
1,471
100,933
37,721
3,067
988,382
7,286
33,668
2,685
2,430
42,815
10,252
2,048
12,277
45,090
1,740
44,399
1,990
Share Capital
637,317,000
325,041,080
48,073,064
109,030,080
201,175,576
139,773,843
56,785,400
87,380,000
131,312,773
16,376,000
308,422,656
153,375,095
236,376,000
16,356,894
36,931,659
221,740,071
14,142,000
87,323,586
38,962,689
38,850,000
5,706,000
16,607,000
151,628,000
60,120,520
25,431,040
9,834,000
35,073,724
47,980,960
24,339,645
9,184,000
177,576,280
255,736,364
3,539,200
216,353,927
96,191,917
50,256,629
55,232,214
8,907,665
103,863,514
16,441,600
115,494,500
42,586,113
34,029,758
14,370,843
90,335,449
71,416,937
4,318,000
133,080,651
24,292,705
25,452,000
28,288,589
82,361,000
62,536,097
4,887,817,806
16,250,880
16,845,309
4,419,840
13,192,776
118,809,685
27,667,269
20,634,800
16,726,530
65,515,524
83,959,509
13,053,400
36,267,722
94,233,789
Deposits
15,420,454,000
10,661,264,862
7,127,532,651
6,359,575,443
5,469,067,784
4,724,584,873
4,165,983,617
3,741,597,417
2,402,522,226
2,889,672,195
2,100,841,367
1,942,605,011
2,317,496,000
1,703,662,622
1,672,476,261
1,599,935,250
1,639,260,000
880,583,493
1,627,216,172
1,229,046,000
1,735,087,901
1,456,796,086
1,523,764,000
1,618,162,196
1,411,857,093
1,021,001,865
1,439,289,601
1,152,925,990
1,160,852,218
1,234,599,736
976,936,000
1,198,550,586
918,856,734
882,929,322
986,237,875
930,189,184
1,186,155,336
852,418,898
814,563,700
1,063,942,307
1,031,316,247
920,102,972
948,736,801
617,092,952
869,321,164
610,573,884
1,036,152,355
745,419,886
918,829,332
893,467,742
782,270,750
744,775,573
583,333,199
112,910,570,482
895,695,096
621,427,190
794,349,031
643,517,144
589,891,692
772,431,152
686,684,660
539,906,372
460,838,232
428,792,345
591,573,864
358,582,440
409,012,103
Turnover
2,165,788,000
1,431,840,622
726,906,213
827,936,515
1,017,660,860
775,932,543
589,815,479
370,224,003
591,320,000
569,418,803
258,651,751
498,636,284
410,198,000
465,028,347
307,981,460
359,340,427
332,452,000
227,116,350
336,944,901
236,817,000
219,333,746
265,587,654
321,755,000
222,249,771
143,817,372
238,142,135
147,052,475
227,056,766
253,068,288
107,780,348
243,365,056
114,177,792
90,378,760
29,612,202
153,664,664
213,306,249
132,365,464
204,634,380
82,314,235
165,225,847
232,684,916
161,587,784
151,403,316
254,109,794
116,663,154
121,926,790
141,028,594
145,202,917
220,229,297
136,372,986
119,070,301
168,081,000
139,393,155
17,949,966,849
94,982,145
154,787,327
101,006,775
97,487,488
175,295,534
80,070,681
127,980,763
102,398,870
149,810,515
92,307,165
77,481,680
98,926,216
257,681,274
Loans/Advance
17,606,221,180
13,020,437,982
7,086,414,255
6,063,646,820
6,293,487,243
4,832,582,691
4,093,488,281
3,176,439,527
2,989,437,110
3,246,625,855
2,539,144,663
2,466,313,303
1,509,606,000
2,705,508,553
2,630,833,381
1,716,278,066
1,801,336,000
1,374,105,251
1,710,540,269
1,563,423,000
1,660,203,086
1,483,656,000
700,346,000
1,293,318,411
1,261,277,682
1,357,969,000
1,410,002,269
1,318,385,301
1,226,277,186
1,422,104,699
769,109,053
734,405,643
1,089,144,625
1,002,460,888
1,271,582,369
1,084,296,079
1,103,004,043
1,077,042,424
975,575,408
1,214,840,798
687,245,068
1,065,769,946
1,026,902,806
1,133,173,193
979,568,725
976,244,848
586,452,555
701,336,906
986,416,179
1,051,744,562
294,646,702
431,887,000
784,572,118
121,899,585,935
884,883,879
644,594,308
754,023,384
858,769,159
330,302,295
704,092,157
647,564,618
559,560,221
462,916,024
353,085,576
556,474,023
384,768,621
406,690,250
T. ASSETS
19,305,419,928
15,909,438,522
10,248,782,459
7,862,320,203
7,703,900,792
5,610,570,727
5,080,073,524
4,287,259,898
4,190,385,837
3,873,877,870
3,350,874,448
3,195,746,049
3,170,683,000
3,007,048,007
2,982,974,165
2,621,397,480
2,553,252,000
2,343,434,526
2,216,006,032
2,053,443,430
2,010,281,730
1,888,986,000
1,876,898,000
1,864,791,319
1,761,243,899
1,695,354,000
1,634,614,030
1,590,420,610
1,585,804,554
1,536,791,659
1,524,835,787
1,510,759,497
1,493,162,523
1,456,375,131
1,442,132,199
1,391,076,342
1,386,326,947
1,374,929,998
1,324,909,096
1,305,417,747
1,302,210,265
1,271,286,978
1,267,422,971
1,242,224,312
1,219,588,295
1,209,364,423
1,206,286,516
1,185,246,560
1,181,254,718
1,134,770,226
1,119,358,020
1,032,252,000
1,026,686,232
157,317,741,216
985,605,796
965,421,836
958,898,999
958,130,542
924,345,749
899,600,028
812,605,416
766,455,203
760,256,926
691,494,246
677,144,172
675,246,456
669,737,573
S/No
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
109
110
111
112
113
114
115
116
117
118
119
CS NO
2,085
1,615
2,757
3,047
2,876
2,032
2,690
2,660
2,523
2,563
2,686
1,834
2,022
1,984
2,709
2,678
2,365
10,308
8,012
3,626
2,755
2,484
3,109
6,267
6,403
7,590
6,570
10,020
5,932
6,179
2,664
6,749
6,721
2,635
7,591
6,977
5,939
2,865
1,920
6,228
6,432
10,541
7,320
6,780
2,747
2,843
5,014
3,248
3,636
7,497
4,918
2,785
3,176
5,641
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
9,208
3,983
7,593
7,315
6,569
5,988
3,363
2,511
2,626
5,142
6,679
7,221
9,233
6,061
2,724
6,917
10,226
2,293
10,243
NAME OF SACCO
UFUNDI
KENYA CANNERS
KITE
MWITO
BUNGOMA TCHRS
ELIMU
KAPENGURIA TCHRS
TRANS-NZOIA TCHR
TAITA TAVETA TRS
RELI
COMOCO
JITEGEMEE
TEMBO
MWENDIWEGA
NANDI TEACHERS
SIMBA CHAI
TRANSCOM
NAROK TCHRS
THIKA DIST. TCHRS
FUNDILIMA
BUSIA TESO Teachers
MOMBASA TEACHERS
MUMIAS OGROWERS
MUNGANIA TG /DAIMA
UNIVERSAL TRADERS
MARAKWET TRS
SOT TEA GROWERS
GITHUNGURI DAIRY
BURETI TEA
MASENO UNIVERSITY
MAGADI SACCO
NDETIKA RURAL
MIGORI TEACHERS
KWALE TEACHERS
KEIYO TEACHERS
2NK
MUKI
SIAYATCHRS
CHEMILIL SACCO
COUNTY SACCO
BIASHARA
UKRISTO NA UFANISI
MAUA METHODIST
CHEPSOL TG
NAFAKA SACCO
IRIANYI TEA
NITHI TG
SAMBURU TEACHERS
BORABU TG
MWINGI MWALIMU
MERU NORTH FARMERS
MARSABIT TEACHERS
KERENGA
BARINGO FARMERS
MEDIUM SACCO
KINGDOM
KMFRI
NYAMIRA TEA FARMERS
ACO
KONOIN
BARAKA.MTG
PUAN
ISIOLO TEACHERS
LAMU TEACHERS
SAMBURU TRADERS
MWEA RICE FARMERS
KURIA TEACHERS
NTIMINYAKIRU RURAL
NANDI HEKIMA
TANA RIVER TRS
NYAMBENE ARIMI
WAKULIMA DAIRY
KIMUTE
WEVARSITY
Membership
33,021
4,945
5,321
4,866
4,771
11,342
3,322
3,900
2,637
8,794
2,138
3,234
1,252
840
3,213
6,460
2,598
2,030
1,846
2,057
57,240
20,763
27,018
2,832
11,061
11,198
5,480
1,123
859
7,704
2,360
2,472
1,902
1,137
3,829
8,614
4,393
1,143
11,921
1,353
25,000
6,139
833
23,000
1,399
916
4,093
4,029
2,444
13,567
1,065
5,920
9,539
1,202
702
5,689
835
3,036
6,574
5,063
1,073
34,712
1,219
-
Share Capital
52,624,768
6,583,000
17,500,000
24,242,000
31,074,900
14,187,136
6,551,040
31,444,682
10,980,773
7,223,040
6,502,860
3,479,680
6,288,639
15,589,130
15,588,992
13,829,939
20,916,986
4,118,000
5,354,377
8,836,605
18,254,207
5,494,823
126,596,484
40,672,344
54,036,000
5,406,000
75,107,865
30,612,195
52,278,255
845,824
3,449,680
25,478,400
5,381,120
7,097,600
19,534,926
1,451,520
2,157,440
5,166,000
3,410,500
10,297,600
21,109,000
8,175,348
50,496,320
9,126,801
23,651,625
46,125,235
11,276,740
8,476,877
10,567,886
3,010,560
19,954,112
465,100
11,013,637
42,323,054
1,588,994,659
15,248,000
11,361,999
14,841,878
5,352,000
14,523,006
54,956,321
2,945,766
1,093,120
1,315,200
6,497,628
59,850,994
6,672,000
5,709,129
10,721,000
4,154,880
9,599,723
17,013,000
9,456,640
4,038,724
Deposits
434,301,940
508,995,177
514,319,237
534,771,915
619,578,000
555,001,445
420,244,020
372,915,401
408,670,487
461,758,535
407,394,918
231,475,795
400,147,752
501,714,061
501,714,322
365,992,494
255,932,802
312,160,753
248,442,728
370,184,090
362,908,652
279,839,844
220,281,938
242,429,121
197,610,361
347,727,000
220,493,797
277,042,343
167,956,735
119,682,865
218,246,832
218,438,059
194,831,482
319,032,700
245,976,454
249,849,287
189,734,259
161,772,314
159,418,050
123,386,228
179,294,000
239,697,481
137,308,420
215,596,711
217,501,562
110,412,286
172,758,767
109,591,847
153,046,755
150,395,186
47,983,765
158,873,032
139,900,956
134,491,225
22,901,927,505
166,680,000
127,310,675
103,955,950
143,700,356
141,730,324
106,423,892
113,155,976
102,492,831
85,404,093
110,134,022
100,071,202
92,643,000
50,783,665
89,670,849
93,898,792
106,297,090
99,079,116
98,400,242
100,655,828
Turnover
56,899,090
96,452,000
50,671,632
57,116,517
120,945,620
93,762,854
34,548,252
70,480,823
80,034,711
80,169,668
203,253,922
72,719,835
4,101,794
43,477,064
62,680,060
32,186,176
48,373,491
48,610,447
41,690,320
67,876,418
76,988,050
65,421,450
62,414,843
31,652,547
43,432,940
53,652,347
48,819,914
16,996,777
68,478,135
37,648,737
19,770,053
36,027,048
30,329,283
25,414,866
28,160,223
30,719,919
40,227,866
42,096,886
50,703,000
26,170,387
7,833,480
40,178,805
36,675,067
62,630,688
28,070,356
49,707,138
24,169,677
39,578,158
20,005,879
17,996,746
27,234,252
4,165,472,643
20,426,000
22,089,923
54,891,888
15,540,125
25,925,379
27,558,299
25,593,617
16,200,508
25,610,850
13,202,545
14,461,514
17,097,000
12,441,885
37,305,606
7,682,055
16,677,000
2,172,370
16,071,888
Loans/Advance
330,409,846
463,023,000
459,816,758
549,207,451
426,301,255
457,089,571
269,100,156
373,870,383
322,599,896
193,778,259
405,440,379
430,232,901
357,145,438
224,583,807
224,582,483
409,989,522
240,830,073
378,914,381
344,261,747
387,785,707
349,782,614
294,845,459
176,147,186
154,265,281
283,310,659
310,469,776
117,088,427
274,604,579
73,261,920
287,299,008
277,210,813
274,636,323
268,384,026
167,491,491
236,354,411
117,053,204
128,812,357
99,696,183
114,067,158
138,577,774
221,348,000
235,446,278
110,123,690
126,348,306
221,149,600
64,964,170
139,810,845
193,117,037
91,032,456
145,974,483
127,035,039
123,615,677
184,571,072
138,287,672
21,062,870,503
145,894,000
139,404,575
116,237,543
148,410,858
115,065,858
62,366,507.00
133,263,246
127,454,116
88,288,480
104,678,520
93,403,687
87,852,000
92,665,206
100,361,287
63,609,368
66,029,677
75,859,000
126,656,389
108,460,967
T. ASSETS
669,244,737
626,911,000
618,640,114
616,755,316
605,869,544
603,421,868
560,908,389
560,720,041
560,330,373
544,226,323
520,221,440
494,534,247
493,418,164
492,875,719
492,874,760
482,054,274
469,334,375
459,278,630
457,886,689
447,599,095
444,444,154
422,925,486
405,065,331
390,517,849
380,657,758
376,350,036
362,150,847
337,352,957
335,717,247
334,649,514
333,942,782
327,951,160
323,770,553
323,000,972
322,021,596
315,058,878
313,051,436
298,689,150
277,820,398
277,008,461
264,892,000
263,553,477
262,455,480
261,775,629
258,741,271
256,568,419
253,946,080
229,239,026
212,215,048
212,083,017
208,638,320
207,992,321
200,772,331
200,538,588
31,717,605,612
195,387,000
192,047,984
190,806,811
180,454,559
179,245,896
174,749,953
166,005,164
156,226,357
154,360,076
151,910,091
151,449,660
151,036,000
149,439,449
143,954,697
141,637,224
139,161,794
133,784,000
131,585,592
131,162,925
49
S/No
139
140
141
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
206
207
208
209
210
211
213
214
215
50
CS NO
3,350
2,033
6,645
6,645
2,310
5,676
2,895
6,864
9,141
5,749
7,791
9,231
8,320
8,337
2,149
9,187
10,068
5,733
4,830
6,172
2,196
6,128
5,937
9,227
2,735
2,609
8,333
7,979
6,180
11,193
2,467
3,829
6,302
10,120
2,271
4,406
10,474
4,615
9,577
9,111
6,387
10,624
2,031
2,381
9,709
13,033
10,897
8,275
7,460
4,541
8,804
9,927
10,737
7,479
11,194
12,243
6,918
11,121
3,144
11,181
11,934
10,633
10,718
7,057
11,005
8,261
11,346
7,896
11,434
12,355
9,026
8,982
8,721
9,825
10,576
NAME OF SACCO
WASHA
IMENTI
ELGON TEACHERS
ELGON TEACHERS
TUPENDANE
TENHOS
NANYUKI EQUATOR
URUKU RURAL/TIMES U
BONDO TEACHERS
AINABKOI FARMERS
SUBA TEACHERS
FARIJI
RACHUONYO TRS
BANANA HILL MATATU
UFANISI
MATHIRA FARMERS
DIOCESE OF MERU
NANDI FARMERS
MUDETE TG
ABERDARE RURAL
NDOSHA
SOTICO
JIJENGE
NGP BAMBURI
NZOIA
JACARANDA
BONDE LA KERIO
SIRAJI
OGEMBO TEA GROWERS
SILIBWET FSA RURAL
LENGO
AGRO-CHEM
KIPSIGIS EDIS
ORTHODOX
KICOWO
BARATON
KOLENGE TEA
UCHONGAJI
NYALA DAIRY
KIAMBAA DAIRY
GITHONGO MAJANI
GILGIL/vision Afrika
TUUNGANE TUJIJENGE
KORU
GOOD FAITH
KATHERA SACCO
GASTAMECO SACCO
NYANDO-KISUMU
OMOREMI RURAL
REA VIPINGO
VIHIGA DISTRICT TG
KAIMOSI TEA GROWERS
ILKISONKO RURAL
MICII MIKURU
TESCOM
MWIETHERI
TRANS-COUNTIES
NYAHURURU UMOJA
FLOUSPAR
NEST
MULOT FSA RURAL
ALL CHURCHES SACCO
LENGA TUMAINI
LIMURU Traders
NYABIERA SACCO
KIKAI RURAL
CHEBOSOBON
CHESIKAKI RURAL
RUBET SACCO
SIGOR FSA RURAL
IHURURU
KIAMOKAMA TG
DIMKES SACCO
MULOT TEACHERS
RONGAI RURAL
SMALL SACCOS
Membership
797
3,158
747
747
1,356
83,719
1,056
1,309
860
985
2,307
4,380
1,734
2,232
2,276
474
632
318
599
1,598
3,678
10,889
1,190
370
1,152
251
1,311
4,036
2,030
1,630
3,572
576
536
950
984
4,046
3,256
7,069
1,232
1,665
714
708
540
829
177
976
3,682
1,285
1,090
3,521
1,071
2,836
405
1,020
1,081
357
2,362
353,246
Share Capital
9,870,678
9,379,384
8,038,400
8,038,400
3,410,778
16,973,820
14,106,121
7,526,248
2,793,600
13,632,678
5,561,728
11,197,342
2,829,440
14,181,696
3,222,939
13,313,000
13,309,828
2,157
7,488,867
35,110,116
4,990,000
7,921,800
10,095,460
3,556,326
3,794,304
5,273,600
3,272,448
1,351,459
19,782,400
17,491,400
1,084,000
8,769,393
8,797,600
9,446,408
1,572,096
5,376,000
6,250,354
1,785,011
7,864,756
11,028,911
3,363,840
7,426,811
6,732,957
2,828,343
4,493,427
1,472,000
5,974,016
15,023,192
2,981,120
556,160
16,571,164
4,283,081
2,747,597
2,066,915
6,298,546
218,560
2,048,000
9,561,600
6,199,936
2,098,638
9,900,800
5,337,600
5,763,098
828,160
3,041,527
4,746,655
128,000
1,550,080
1,306,437
1,965,184
606,373
2,540,800
743,167,374
Deposits
77,144,568
89,951,987
86,191,490
86,191,490
46,241,826
68,830,029
44,632,986
72,439,450
77,259,859
79,196,838
77,885,039
83,279,727
79,004,294
81,211,411
85,675,912
58,933,746
70,760,486
64,448,333
42,677,110
81,353,378
67,193,402
71,268,209
40,267,650
58,359,276
35,357,403
55,739,246
49,411,519
62,568,801
43,328,679
44,108,731
26,743,047
44,322,113
40,058,118
39,286,829
44,108,009
40,632,269
43,537,042
34,328,401
26,467,430
37,402,988
21,590,389
35,402,451
25,568,473
30,982,503
27,537,448
26,395,950
21,327,841
4,672,027
19,300,389
5,776,550
15,357,830
19,964,095
10,961,390
16,037,449
23,999,921
20,154,027
9,407,556
14,899,887
13,154,683
15,383,709
8,943,576
13,687,883
10,562,110
6,494,753
8,223,693
1,368,656
3,639,261
1,646,909
1,927,125
901,261
51,422,594
4,838,439,343
Turnover
14,687,196
19,600,700
14,555,201
14,555,201
7,571,060
22,501,325
16,433,325
19,582,125
7,237,741
9,253,041
5,979,001
17,249,377
6,915,334
168,329,762
13,694,888
17,392,000
13,060,847
11,825,871
12,743,655
1,982,409
14,947,691
13,806,373
5,772,000
6,045,890
10,169,745
8,696,416
5,833,963
10,010,266
6,389,312
15,445,854
6,866,240
6,301,970
3,502,351
11,488,323
5,557,826
5,130,469
5,703,884
8,166,706
10,732,642
6,841,970
4,435,941
7,611,576
3,237,301
3,255,168
4,003,535
3,908,326
3,313,847
4,516,596
39,333,990
2,085,178
7,277,930
3,229,670
3,999,269
3,900,143
4,734,081
2,727,810
1,955,460
2,259,060
1,226,490
4,572,818
481,411,444
1,736,688
529,214
1,093
288,070
1,934,009
1,503,316
373,013
794,984,960
725,448
361,699
632,200
3,997,857
2,347,885,833
Loans/Advance
84,643,662
82,519,000
73,219,775
73,219,775
100,493,279
80,191,417
82,777,719
101,481,058
83,758,638
57,135,151
90,098,067
69,205,501
84,693,776
60,898,264
85,169,617
45,011,000
87,192,877
44,111,040
34,800,383
10,145,049
66,650,759
70,326,893
37,515,757
72,514,786
48,756,761
59,972,639
56,529,180
59,960,436
21,124,139
5,970,009
41,217,829
48,617,402
53,974,599
36,234,447
34,024,515
45,766,639
32,840,798
34,871,886
21,580,613
49,093,051
27,193,880
33,768,981
17,202,997
29,390,239
29,252,029
21,767,506
7,340,198
12,276,992
17,564,400
16,867,565
6,145,385
17,709,580
21,916,948
4,932,524
16,318,728
2,772,994
9,152,290
19,760,983
9,626,825
12,850,355
15,654,007
6,446,466
6,849,112
8,821,470
5,089,199
8,011,698
6,259,559
7,049,531
3,443,649
2,124,954
2,140,385
493,850
53,909,971
4,775,035,310
T. ASSETS
130,864,361
125,670,000
122,760,322
122,760,322
122,123,647
121,693,979
121,285,924
121,017,637
119,368,896
118,540,638
118,200,711
116,510,033
113,611,057
112,505,686
110,781,135
110,261,000
103,191,511
101,413,392
101,280,917
97,055,862
95,294,664
93,695,571
92,270,657
91,581,946
88,973,928
82,969,039
79,605,417
78,229,820
73,074,633
66,670,141
66,445,076
62,704,668
61,629,307
57,719,000
56,761,335
56,674,526
51,689,427
50,138,293
48,713,467
48,618,605
47,414,572
46,029,044
44,671,072
41,814,428
40,343,177
34,786,610
33,979,163
32,768,057
29,594,527
28,912,258
28,568,781
27,799,991
27,439,246
26,325,525
25,358,129
25,256,359
24,059,954
21,704,093
19,702,356
19,102,820
18,899,935
15,995,484
15,110,058
14,659,260
12,493,043
11,364,915
9,198,087
7,414,504
4,738,864
4,624,807
2,317,009
1,517,830
7,444,861,067
Annex 9
1.
Directory of Licensed Saccos in Kenya
ACO /AIRPORTS SACCO SOCIETY LIMITED
Telephone:
Telephone:
Email:1
P.O. Box 19001-00501
acosacco@kenyaairports.co.ke
Kaa Complex, J.k.i.a.
Peer Group:
Small
Branches:
Postal Address:
P.O. Box 11608 - 00400, Nairobi.
Email:
info@afyasacco.com
Physical l Address:
Date Licensed:
Peer Group:
Branches:
6.
Physical Address:
Asili Co-op Centre, Ngara Road
4.
Peer group:
Branches:
7.
Postal Address:
P.O. Box 95001-80104 Mombasa.
Email:
info@bandarisacco.co.ke
Telephone:
2316685
Physical Address:
Bandari Sacco Plaza, Moi Avenue
Peer Group:
large
Date Licensed:
Branches:
4-Mar-2011
1
31-May-2011
Branches:
Eldama Ravine
Small
4
BARINGO TEACHERS SACCO SOCIETY LIMITED

Postal Address:
P.O. Box 80-20103 Eldama Ravine
Email:
info@baringosacco.co.ke
Physical Address:
Date Licensed:
medium
Chief Executive Officer: John O. Ragama
Date Licensed:
Telephone:
7-Sep-2011
BANDARI SACCO SOCIETY LIMITED
Ravine Motor Building,
Chief Executive Officer: Moses Chebor
info@asilisacco.coop
P.O. Box 660-20103 Baringo.
Physical Address:
Peer Group:
Telephone: 0722 472 823, 020 2630244
Date Licensed:
BARINGO FARMERS SACCO SOCIETY LIMITED
ASILI SACCO SOCIETY LIMITED
Small
Email: allanmittei@yahoo.com
10
asili@wananchi.com, asilisacco@yahoo.com,
Branches:
Kiaruhui road
Telephone: 051 752 483, 0722 161 435
Large
Email:
22-Jun-2011
Postal Address:
28/July/2011
P.O Box 49064, 00100 Nairobi.
Date Licensed:
Chief Executive Officer: Kibwalei Evans
Afya Centre, Tom Mboya Street
Postal Address:
Baraka Sacco Building,
Peer Group:
2223970/2223961
Chief Executive Officer: Mr. Mathias O. Oliech
061-72174
Physical Address:

Chief Executive Officer: Mr. David Waroe
P.O Box 1548-10101 Karatina
Email: barakasaccosociety@yahoo.com
Licensed 19-DEC-/11
AFYA SACCO SOCIETY LIMITED
Telephone:
Postal Address:
822111 ext 233/382
Physical l Address:
Date Licensed:
3.
BARAKA SACCO SOCIETY LIMITED

Chief Executive Officer: Zakaria K. Mwenje
Postal Address:
2.
5.
Chief Executive Officer: Cheruiyot Kipsoi
Peer Group:
8.
Branches:
0720200689/0208024881
Teachers plaza, Market Road

4-Mar-11
Large
7
BIASHARA SACCO SOCIETY LIMITED

Chief Executive Officer: M/S Rose Wangari Kimaru
Postal Address:
P.O. Box 1895-10100 Nyeri.
Email:
biasharasacco@yahoo.com
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches:
066- 2034206/0722-557118
Lwale Place,
Field Marshal Mutungi Road

28-Jul-2011
Small
5
51
9.
BINGWA/KIRINYAGA TEA SACCO SOCIETY LTD

Chief Executive Officer: Jane W.Mugo
Chief Executive Officer: Purity Mungure Maina
Telephone:
Telephone:
Postal Address:
P.O Box 434-10300 Kerugoya
Email:
bingwasaccolimited@yahoo.com
060-21014/21278
Physical Address:
Tea Growers Complex, Kutus/
Date Licensed:
31-May-11
Peer Group:
Branches:
Karatina Road
Large
12
10. BORABU FARMERS TEA SACCO SOCIETY LTD
Postal Address:
P.O. Box 278-00200 Nairobi
Email:
info@chai-sacco.co.ke
2214406/2214410
Physical Address:
KTDA Plaza, Junction of
Date Licensed:
31-May-11
Peer Group:
Branches:
Moi Avenue/Ronald Ngala

Large
2
14. CHEMELIL SACCO SOCIETY LIMITED
Chief Executive Officer: Daniel O. Ombaso-CEO
Chief Executive Officer: Mr. Olum Tom Nyumba
Telephone:
Telephone:
Postal Address:
Email:
P.O. Box 42-40502 Kisii

0726-632606
borabufarmerssaccosociety@yahoo.com
Physical Address:
Borabu Union Building,
Date Licensed:
31-May-11
Peer Group:
Branches:
Nyansiongo
Small
3
11. BUNGOMA TEACHERS SACCO SOCIETY LIMITED

Chief Executive Officer: Chrispinus Baraza
Postal Address:
P.O. Box 14-40112 Kisumu
Mobile: 0725-271883
Email:
057-51586/
chemelilsacco@yahoo.com
Physical Address:
Chemelil Sugar Sports Complex,
Date Licensed:
18-Oct-11
Peer Group:
Branches:
Awasi/Nandi Hills Road

Medium
1
15. CHEPSOL TEA GROWERS SACCO SOCIETY LTD
Postal Address:
P.O. Box 1199-50200 Bungoma
Chief Executive Officer: Mrs. Rose Chepngetich
Email:
bungomateacherssacco@yahoo.com
Telephone:
Telephone:
055-30286 0728-219226
Physical Address:
Bungoma Teachers Sacco Plaza,
Date Licensed:
18-Oct-11
Peer Group:
Branches:
Moi Avenue
Medium
4
12. BURETI TEA SACCO SOCIETY LIMITED
Postal Address:
Email:
P.O. Box 81-20225 Kericho

020-2440530
chepsol_growers@yahoo.com
Physical Address:
Chepsol Sacco Plaza, Kimulot
Peer Group:
Medium
Date Licensed:
Branches:
28-Jul-11
2
16. CHUNA SACCO SOCIETY LIMITED
Chief Executive Officer: Catherine Kageha
Chief Executive Officer: Edward Tale Nabangi
Telephone:
Telephone:
Postal Address:
Email:
buretisaccoltd@yahoo.com
Physical Address:
Date Licensed:
Peer Group:
Branches
52
13. CHAI SACCO SOCIETY LIMITED
052-54294
Bureti Sacco Plaza, Litein

28-Jul-11
Medium
2
Postal Address:
Email:
TEL: 318262/88/65/70 Ext 28214

chunasacco@yahoo.com
Physical Address:
Old Boiler House,
Date Licensed:
19-DEC-11
Peer Group:
Branches:
Harry Thuku Road

Large
1
17. COMOCO SACCO SOCIETY LIMITED
21. FORTUNE /KIRINYAGA FMRS SACCO SOCIETY LTD
Chief Executive Officer: Mr. Richard Ombai
Chief Executive Officer: Amos Kimotho Njeru
Telephone:
Telephone:
Postal Address:
Email:
comocosaccosocietyltd@yahoo.com
Date Licensed:
22-Jun-11
Physical Address:
Peer Group:
Branches:
650255
Cmc Building, Lusaka Road

Medium
1
18. DIOCESE OF MERU SACCO SOCIETY LIMITED

Chief Executive Officer: Elizabeth Syengo
Postal Address:
P.O. Box 559-10300 Kirinyaga
Email:
KDFSS@yahoo.com
Physical Address:
Kerugoya/Kutus Road
060-21116
Kirinyaga Sacco Building,
Date Licensed:
30-Jan-12
Branches
Peer Group:
Medium
22. GITHUNGURI DAIRY SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 1207-60200 Meru
Chief Executive Officer: Mary Nungari Mburu
Email:
info@domsacco.org
Telephone:
Telephone:
064-32236
Physical Address:
Intercity Centre,
Date Licensed:
22-Jun-11
Peer Group:
Branches
Kenyatta Avenue
Small
1
19. EMBU TEACHERS SACCO SOCIETY LIMITED

Chief Executive Officer: Anne M. Njue
Postal Address:
Telephone:
Email:
githungurisacco@gmail.com
Physical Address:
Githunguri Dairy Farmers Co-op
Date Licensed:
28-Jul-11
Peer Group:
Branches
Society Building, Market Street

Medium
5
23. GUSII MWALIMU SACCO SOCIETY LIMITED
embuco@hotmail.com
Telephone:
Date Licensed:
22-Jun-11
Branches
020-2015366/0723400611
Chief Executive Officer: Charles O. Omwansa
068- 31090
Embu Teachers Sacco Building,
Peer Group:
Email:
P.O. Box 896-00216 Githunguri
P.O. Box: 696-60100 Embu
Physical Address:

Postal Address:
Kenyatta Highway
Large
1
20. FARIJI SACCO SOCIETY LIMITED

Chief Executive Officer: Margret Njambi
Postal Address:
Email:
gusiimwalimusacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
058-30357
Gusii Mwalimu House,

Kisii-Keroka Road
20-Apr-11
Large
4
24. HARAMBEE SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 589-00216 Githuguri.
Chief Executive Officer: Mr. James M. Wandera
Email:
saccokcdf@yahoo.com
Telephone: 343766 / 343815
Telephone:
020-2017407/0727398699
Physical Address:
Diplomat House
Peer Group:
Small
Date Licensed:
Branches
22-Jun-11
5
Postal Address:
P.O Box 47815-00100 Nairobi
Email: info@harambeesacco.com
Physical Address: Harambee Co-op. Plaza
Date Licensed:
28-Jul-11
Branches
Peer Group:
Large
53
25. HAZINA SACCO SOCIETY LIMITED

Chief Executive Officer: Daniel C. Kimwama
Chief Executive Officer: Dishon Kairu
Telephone:
Telephone:
Postal Address:
P.O Box 59877-00100 Nairobi
/ 0712 149 631
Email:
Physical Address:

Date Licensed:
Peer Group:
Branches
2719098 / 2722106
info@hazinasacco.or.ke
Kibera Road, off Ngong Road,

Behind Kobil Petrol Station
16-MAR-12
Large
1
26. IMENTI SACCO SOCIETY LIMITED

Chief Executive Officer: Judy Nkatha Kirima
Postal Address:
P.O. Box 3192-60200 Meru
Email:
imentisacco@yahoo.com
Telephone:
Physical Address:
Date Licensed:
Peer Group:
Branches
064-30025
Rintaugu Building, Meru Town

16-MAR-12
Small
1
27. IRIANYI TEA SACCO SOCIETY LIMITED

Chief Executive Officer:
Physical Address:
Nyamache-Irianyi Plaza
Nyamache-Igembe-Igage Road
Branches
(K.t.d.a Premises)
22-Jun-11
Small
5
28. JAMII SACCO SOCIETY LIMITED

Mr. Eliud Chepkwony
Postal Address:
Email:
info@jamiisacco.com
Telephone:
552664/552448
Physical Address:
Jamii Sacco Court,
Date Licensed:
7-Sep-11
Peer Group:
Branches
Jijengesacco@kenyanut.com
Physical Address:

Date Licensed:
Peer Group:
Branches
020-2365640
Wangu Building, Uhuru Street

Thika Town
22-DEC-12
Small
1
30. KAKAMEGA TEACHERS SACCO SOCIETY LTD

Chief Executive Officer: Mr. Peter A. Vuhya
Postal Address:
Telephone:
Email:
P.O. Box 1150-50100 Kakamenga

30864
kateco@jambo.co.ke
Physical Address:
Mwalimu Centre
Date Licensed:
11-May-11
Peer Group:
Branches
- Kateco Plaza, Mmuruli Road

Large
3
31. KEIYO TEACHERS SACCO SOCIETY LIMITED
Telephone:
irianyi@yahoo.com
Peer Group:
Email:
0729139697
Email:
Date Licensed:
P.O. Box 6222-00100 Thika
Chief Executive Officer: Mr. Christopher K. Cheruiyot
Postal Address:
Mr. Robert Ntabo
Postal Address:
Telephone:
54
29. JIJENGE/MACADAMIA SACCO SOCIETY LTD
Mukenia Road
Large
1
Postal Address:
P.O. Box 512-30700 Elgeyo
Email:
keiyosacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches:
020-2676745
Keiyo Teachers Sacco

Building, Iten
28-Jul-11
Medium
1
32. KENPIPE SACCO SOCIETY LIMITED

Chief Executive Officer: Malingi Dzombo
Postal Address:
Email:
kenpippe.sacco@kpc.co.ke
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches:
550971
Kenya Pipeline Premises,

Lunga Lunga Road
18-Oct-11
Large
1
33. KENYA BANKERS SACCO SOCIETY LIMITED
37. KIAMBAA DAIRY RURAL SACCO SOCIETY LTD
Chief Executive Officer: Joseph Okana
Chief Executive Officer: Monica W. Muiruri
Telephone:
Telephone:
Postal Address:
Email:
kenyabankers@KBSACCO.co.ke
Physical Address:

Date Licensed:
Peer Group:
Branches:
2720231/7
Kenya Bankers Sacco Center,

3rd Ngong Avenue
16-Mar-12
Large
1
34. KENYA CANNERS SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 669-00219 Kiambu
Email:
rkiambaadairysacco@gmail.com
Physical Address:

Date Licensed:
Peer Group:
Branches
020- 2071289
Kiambaa Dairy Farmers

Building, Karuri
28-Jul-11
Small
1
38. KIAMBU UNITY FINANCE SACCO SOCIETY LTD
Chief Executive Officer: Mr. David Mwangi Kioi
Chief Executive Officer: Mr. Simon Njenga
Telephone:
067-21162/0714499004
Telephone:
Physical Address:
Kenya Canners Sacco Building,
Postal Address:
Email:

Date Licensed:
Peer Group:
Branches:
kenyacannerssacco@gmail.com
Wabera Street
7-Sep-11
Medium
2
35. KENYA POLICE SACCO SOCIETY LIMITED

Mr. Solomon A. Atsaya
Postal Address:
Email:
info@policesacco.com
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches:
02725794/02725580
Utumishi Co-op House,

Mamlaka Road
28-Jul-11
Large
1
36. KERICHO TEA/K.H. SACCO SOCIETY LIMITED

Chief Executive Officer: Alice Kosgei
Postal Address:
Email:
ktgsacco@yahoo.com
Date Licensed:
4-Mar-11
Telephone:
Physical Address:
Peer Group:
Branches
0202336640/0719471633
Temiik House, Kapsoit Market

Medium
2
Postal Address:
Email:

066-2022052
info@unityfinance.co.ke
Physical Address:
Mapa House, Biashara Street
Peer Group:
Large
Date Licensed:
Branches
28-Jul-11
9
39. KILIFI TEACHERS SACCO SOCIETY LIMITED

Chief Executive Officer: Daniel Masha
Postal Address:
P.O. Box 712-80108 Kilifi
Email:
info@kilifiteacherssacco.or.ke
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches
+254-41-7522572
Kitecoh Complex,
Kwa Charo Wa Mae Street

20-Apr-11
Large
3
40. KINGDOM SACCO SOCIETY LIMITED

Chief Executive Officer: Karanja Rosemary Waithira
Postal Address:
P.O Box 8017, 00300 Nairobi
Email:
info@kingdom.com
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches
020 2089715
Eureca Flats, Ground Floor

Mwihoko Road
28-Jul-11
Small
1
55
41. KIPSIGIS TEACHERS SACCO SOCIETY LIMITED

Chief Executive Officer: Mr. Mathew Arap Sigei (HSC)
Chief Executive Officer: Soi C. Beatrice
Telephone:
Telephone:
Postal Address:
Email:
kipsacco@africaonline.co.ke
052-30229/21028
Physical Address:
Kipsigis Teachers Co-op House
- Nakuru Highway
Date Licensed:
Peer Group:
Branches
Building, Kericho
11-May-11
Large
3
42. KITE SACCO SOCIETY LIMITED

Mr. Joseph Oganga
Postal Address:
P.O. Box 2073-40100 Kisumu
Email:
kitesacco@gmail.com
Telephone:
057-2024767
Physical Address:
Re-insurance Plaza,
Date Licensed:
11-May-11
Peer Group:
Branches
Oginga Odinga Street

Medium
1
43. KITUI TEACHERS SACCO SOCIETY LIMITED

Chief Executive Officer: Kangasua Florence Mbuli
Postal Address:
Telephone:
Email:
P.O. Box 254-90200 Kitui

044-4422721
kituiteachers@jambo.co.ke
Physical Address:
Kitui Teachers Sacco Plaza,
Date Licensed:
20-Apr-11
Peer Group:
Branches
Kalundu Road
Large
3
44. KMFRI SACCO SOCIETY LIMITED
Postal Address:
Email:
konointeasacco@yahoo.com
Physical Address:
28/July/2011
Peer Group:
Branches
052 - 21704
Mogogosiek
28-Jul-11
Small
1
46. KURIA TEACHERS SACCO SOCIETY LIMITED

Chief Executive Officer: James Mosabi Kirigiti
Postal Address:
P.O. Box 208-40413 Kehancha
Email:
kutesaccoltd@yahoo.com
Telephone:
716036162
Physical Address:
Kute Plaza, Migori-ntimaru Road
Peer Group:
Small
Date Licensed:
Branches
28/July/2012
1
47. LENGO SACCO SOCIETY LIMITED

Chief Executive Officer: William Karani Yaa
Postal Address:
P.O. Box 371-80200, Malindi
Email:
lengosaccoltd@yahoo.com
Telephone:
Physical Address:
Date Licensed:
Peer Group:
Branches
042-2131126
Malindi Complex, Lamu Road

16-MAR-12
Small
1
48. MAGADI SACCO SOCIETY LIMITED

Chief Executive Officer: James H. Ongoji
Postal Address:
P.O. Box 13-00205 Magadi
Email:
magadisacco@magadisoda.co.ke
Telephone:
020-6999258/350
Chief Executive Officer: Mr. David Opondo Obiero
Physical Address:
Pam View & Sacco Mart Building,
Telephone:
Date Licensed:
18-Oct-11
Postal Address:
P.O. Box 80862-80100 Mombasa

020-8021560/1 Ext.169
Email: kmfrisacco@kmfri.co.ke
Physical Address:
KMFRI Building, Silos Road
Peer Group:
Small
Date Licensed:
Branches
56
45. KONOIN TEA GROWERS SACCO SOCIETY LTD
31-May-11
2
Peer Group:
Branches
Magadi Street
Medium
1
49. MARAKWET TEACHERS SACCO SOCIETY LTD
53. MERU MWALIMU SACCO SOCIETY LIMITED
Chief Executive Officer: Francis Ruto
Chief Executive Officer: Mukiira Moses Maitethia
Telephone:
Telephone:
Postal Address:
P.O. Box 118-30705, Elgeyo
Email:
marakwetteachers@wall.com
Physical Address:

Date Licensed:
Peer Group:
Branches
053-361503/36160
Marakwewt Teachers Plaza,

Moi Street
8-Mar-12
Medium
2
50. MARSABIT TEACHERS SACCO SOCIETY LTD
Postal Address:
P.O. Box 1694-60200, Meru
Email:
mwalimu@saccomru.com
Physical Address:

Date Licensed:
Peer Group:
Branches
064-32192
Meru Mwalimu Plaza,

Gakoromone Road
19-DEC-11
Large
5
54. MERU NORTH FARMERSSACCO SOCIETY LTD
Chief Executive Officer: John Ngugi
Chief Executive Officer: Titus Munjuri
Telephone:
Telephone:
Postal Address:
P.O. Box 90-60500,Marsabit
Email:
Marsabitteacherssacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
020-8004322 / 0720 643 604

Marsabit Teachers Plaza,
Mosque Road
16-MAR-12
Medium
1
51. MATHIRA FARMERS SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 353-60600,Maua
Email:
mnorthfarmerssacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
064-21106 ,0723-147147
Meru North Farmers
Sacco Building, Kanuni Rd

19-DEC-11
Medium
5
55. MERU SOUTH FARMERS SACCO SOCIETY LTD
Chief Executive Officer: Anastacia K. Musyimi
Chief Executive Officer: Ndegwa Joseph Wachira
Telephone:
Telephone:
Postal Address:
P.O. Box 1836-10101 Karatina
Email:
mathirasacco@gmail.com
Date Licensed:
18-Oct-11
Physical Address:
Peer Group:
Branches
061-72274/0727013987
Kiangararu Building
Small
1
52. MAUA METHODIST SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 514-60400 Chuka
Email:
info@merusouthsacco.co.ke
064-630290
Physical Address:
Mt. Building, Embu-meru Road
Peer Group:
Medium
Date Licensed:
Branches
20-Apr-11
7
56. METROPOLITAN SACCO SOCIETY LIMITED
Chief Executive Officer:: Moses M. Nabea
Chief Executive Officer: Francis Kamau Nganga- HSC
Telephone:
Telephone:
Postal Address:
P.O. Box 469-60600
Email:
mmhsacco@gmail.com
Date Licensed:
18-Oct-11
Physical Address:
Peer Group:
Branches
064-21434/21250
Mmh Plaza, Kanuni-meru Road

Medium
3
Postal Address:
Email:
info@metrosacco.co.ke
Physical Address:

Date Licensed:
Peer Group:
Branches
066-2022468/2022584
Kiambu Community Centre,

Biashara Street
28-Jul-11
Large
5
57
57. MOMBASA PORT SACCO SOCIETY LIMITED
Chief Executive Officer: Mr. Tony Kinyua Mwangi
Email:
Email:
Postal Address:
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches

2220124
msaportsacco.co.ke
Mombasa Port Plaza,

Mwakilingo Road
31-May-11
Medium
1
58. MOMBASA TEACHERS SACCO SOCIETY LTD
Postal Address:
P.O. Box 1145-10200 Muranga
Physical Address:
Muramati Building,
Telephone:

Date Licensed:
Peer Group:
Branches
060-2030273/2030882
info@muramatisacco.co.ke
Hospital Road
31-May-11
Large
5
63. MURANGA TEACHERS SACCO SOCIETY LTD
Chief Executive Officer: Shadrack Maina Gatumbi
Chief Executive Officer:: Mr. Alex Irungu
Email:
Email:
Postal Address:
Physical Address:
Mombasa Teachers Plaza,
Telephone:

Date Licensed:
Peer Group:
Branches:
041-2495809
msateachers@wananchi.com
Jomo Kenyatta Avenue
31-May-11
Medium
1
59. MUHIGIA SACCO SOCIETY LIMITED

Chief Executive Officer: Susan Wanjugu Gachora
Postal Address:
P.O. Box 83-10300 Kerugoya
Physical Address:
Muhigia Complex, Total-DC Road
Telephone:
Email:

Date Licensed:
Peer Group:
Branches
060-21582/21921
muhigia@yahoo.com
off Kutus-Karatina Highway

22-Jun-11
Large
1
60. MUMIAS OUTGROWERS SACCO SOCIETY LTD

Postal Address:
Telephone:
Email:
Physical Address:
Date Licensed:
Peer Group:
Branches
Anerico Chitayi
P.O. Box 295 Kakamega
056641229
mosaccoltd@yahoo.com
Mosacco Plaza, Musanda Road
28-Jul-11
Medium
3

Postal Address:
Telephone:
Email:
Physical Address:

Date Licensed:
Peer Group:
Branches
Elijah Njeru Mugo

P.O. Box 2032-60100 Embu
020-2367460
info@munganiasacco.com
Mungania Sacco Building,
Embu-Mutunduri-Kianjokoma Road
22-Jun-11
Medium
6
61. MUNGANIA TG SACCO SOCIETY LIMITED
58
62. MURAMATI (UNITAS) SACCO SOCIETY LIMITED
Chief Executive Officer: Mr. Dedan Ondieki
Postal Address:
P.O. Box 789-10200 Muranga
Physical Address:
Muranga Teachers Sacco Building,
Telephone:

Date Licensed:
Peer Group:
Branches
020-3580167
mts-sacco@yahoo.com
Uhuru Highway
9-Jun-11
Large
2
64. MURATA SACCO SOCIETY LIMITED

Chief Executive Officer:: Roy Mugo Kaugi
Postal Address:
P.O. Box 816-10200, Muranga
Physical Address:
Mugama Union Building,
Telephone:
Email:

Date Licensed:
Peer Group:
Branches
060-2030253/4
muratasacco@yahoo.com
Uhuru Street
18-Oct-11
Large
12
65. MWALIMU SACCO SOCIETY LIMITED

Chief Executive Officer:: Mr. Joshua Ochieng Ojall
Postal Address:
Physical Address:
Mwalimu Co-op House,
Telephone:
Email:

Date Licensed:
Peer Group:
Branches
020-2249980/312470/317133
mwalimu@mwalimusacco.com
Tom Mboya Street
30-Jun-11
Large
6
66. MWITO SACCO SOCIETY LIMITED

Chief Executive Officer:: Mr. George M. Mugambi
Postal Address:
Physical Address:
Mwito House, Desai Road
Telephone:
Email:
Date Licensed:
Peer Group:
Branches
020-3505209
mwito@iconnect.co.ke
9-Jun-11
Medium
1
67. NACICO SACCO SOCIETY LIMITED
72. NATION STAFF SACCO SOCIETY LIMITED
Chief Executive Officer:: Patroba Okello
Chief Executive Officer:: Jacob Kimathi
Email:
nacicocoop@yahoo.com
Email:
Peer Group:
Large
Postal Address:
Telephone:
Physical Address:
Date Licensed:
Branches

2217797
Nacico Plaza, Landhies Road

9-Jun-11
2
68. NAKU SACCO SOCIETY LIMITED

Chief Executive Officer:: Charles Ongeso
Postal Address:
Telephone:
Email:
Physical Address:
Date Licensed:
Peer Group:
Branches
P.O. Box 16-00507, Nairobi
020-2406081/0725943018
info@nakusacco.com
Liberty Plaza, Mombasa Road

19-DEC-11
Medium
2
69. NAKURU TEACHERS SACCO SOCIETY LIMITED
Postal Address:
Physical Address:
Cambrian, Moi Avenue
Telephone:
Date Licensed:
Peer Group:
Branches
020-2223247
nationsacco@ke.nationmedia.com
28-Jul-11
Medium
1
73. NDEGE CHAI SACCO SOCIETY LIMITED

Chief Executive Officer:: Simon Gichuhi
Postal Address:
Physical Address:
Ndege Chai House,
Telephone:
Email:

Date Licensed:
Peer Group:
Branches
30121
ndegechaisacco.com
Kisumu-kericho Highway
20-Apr-11
Large
8
74. NDOSHA SACCO SOCIETY LIMITED
Chief Executive Officer:: Rose Mogere
Chief Executive Officer:: Christine M. Obadiah
Email:
Email:
Postal Address:
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches
P.O. Box 1931-20100 Nakuru

2212415/6
nakuruteacherssacco@yahoo.com
K.f.a Building,
Geoffrey-Leaman Way
31-May-11
Large
1
70. NANDI HEKIMA SACCO SOCIETY LIMITED

Chief Executive Officer:: Silas Kipkemboi
Postal Address:
P.O. Box 211-30300 Kapsabet
Physical Address:
Old DCs Building,
Telephone:
Email:

Date Licensed:
Peer Group: Small

Branches
05352019
info@nandihekimasacco.com
Kapsabet Road
9-Jun-11
Small
5
71. NAROK TEACHERS SACCO SOCIETY LIMITED

Chief Executive Officer:: Mary Seno Kiminta
Postal Address:
P.O. Box 158-20500 Narok
Physical Address:
Mwalimu Plaza, Narok-kijabe Road
Telephone:
Email:
Date Licensed:
Peer Group:
Branches
050-22011/22705
gm.naroksacco@gmail.com
18-Oct-11
Medium
2
Postal Address:
P.O. Box 532-60401, Meru
Physical Address:
Ndosha Plaza, Chogoria Township
Telephone:
Date Licensed:
Peer Group:
Branches
0729-722900
ndoshasacco @yahoo.com
19-Dec-11
Small
1
75. NITHI TEA GROWERS SACCO SOCIETY LIMITED

Chief Executive Officer:: Rose Gatakaa Githinji
Postal Address:
Telephone:
P.O. Box 467 Chuka

064-630545
Email: Nithitea@yahoo.com
Physical Address: Nithi Tea Growers Sacco

Building, Chuka Town
Branches
Date Licensed:
Peer Group:
18-Oct-11
Small
76. NTIMINYAKIRU SACCO SOCIETY LIMITED

Chief Executive Officer:: Anthony Njuguna
Postal Address:
P.O. Box 3213-60200, Meru
Email:
ntiminyakiru@yahoo.com
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches
064-32528
Coffee Tea Building,

Kirukuri Road
16-MAR-12
Small
2
59
77. NYAMBENE ARIMI SACCO SOCIETY LIMITED

Chief Executive Officer: Mr. Kobia Mwito
Chief Executive Officer: Alice Njeri Ngotho
Telephone:
Telephone:
Postal Address:
P.O. Box 493-60600 Maua
Email:
nyarimisacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
064-21154
Nyambene Arimi Plaza,

Maua-Kanuni Road
19-Dec-11
Small
3
78. NYAMIRA TEA FARMERS SACCO SOCIETY LTD

Chief Executive Officer: Kepha Nyamweya Mokaya
Postal Address:
Telephone:
Email:
0714502558
Physical Address:
Odesa Sacco Building,
Email:

Date Licensed:
Peer Group:
Branches
020-2655453/0736956434/
orthodoxsacco@gmail.com
Kawangware Road
28-Jul-11
Small
1
82. SAFARICOM SACCO SOCIETY LIMITED
ntsacco@yahoo.com
Telephone:
Date Licensed:
20-Apr-11
Branches
Chief Executive Officer:: Vivian Awuor
208006148
Nyamira Tea Farmers Sacco
Peer Group:
Postal Address:
P.O. Box 633-40500 Nyamira
Physical Address:

Building, Nyamira-Mabundu Road

Small
7
79. NYANDARUA TEACHERS SACCO SOCIETY LTD
Postal Address:
Email:
sacco@safaricom.co.ke
020-4273228
Physical Address:
Safaricom House, Waiyaki Way
Peer Group:
Medium
Date Licensed:
Branches
7-Sep-11
1
83. SHERIA SACCO SOCIETY LIMITED
Chief Executive Officer: Daniel Muthoga
Chief Executive Officer: Kenneth Ondiala
Telephone:
Telephone:
Postal Address:
P.O. Box 259-20303 Nyandarua
Email:
info@nyandaruateacherssacco.co.ke
020-2071205
Physical Address:
Nyandarua Teachers Sacco
Date Licensed:
28-Jul-11
Peer Group:
Branches
Building, Ol Kalou
Large
3
80. NYERI TEACHERS SACCO SOCIETY LIMITED
Postal Address:
Email:
sheriasacco@yahoo.com
020-2010396
Physical Address:
Sheria Sacco House,
Date Licensed:
7-Sep-11
Peer Group:
Branches
Off Matumbato Street

Large
1
84. SIAYA TEACHERS SACCO SOCIETY LIMITED
Chief Executive Officer: Mr. John Muchiri Mathinji
Chief Executive Officer: Joseph Onyango
Telephone:
Telephone:
Postal Address:
P.O. Box 1939, 10100 Nyeri
Email:
info@nyeriteachers.com
Physical Address:

Date Licensed:
Peer Group:
Branches
60
81. ORTHODOX SACCO SOCIETY LIMITED
020 34282
Old Batian Building

Kimathi Street
11-May-11
Large
2
Postal Address:
P.O. Box 605-40600 Siaya
Email:
siayatsacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
057321199
Mwalimu Plaza,
Oginga Odinga Street

18/October/20111
Medium
1
85. SIMBA CHAI SACCO SOCIETY LIMITED
90. STIMA SACCO SOCIETY LIMITED
Chief Executive Officer: Wesley Ngeno
Chief Executive Officer: Mr. Paul Wambua
Email:
Email:
Postal Address:
Physical Address:
Kericho/Nakuru Highway
Telephone:
Date Licensed:
Peer Group:
Branches
052-20146/7/8/9 Ext: 277
simbachai.sacco@yahoo.com
28-Jul-11
Medium
1
86. SIRAJI SACCO SOCIETY LIMITED
Postal Address:
Physical Address:
Stima Sacco Plaza, Mushembi Road
Branches
Telephone:
Date Licensed:
Peer Group:
020-3751292
generalmanager@stima-sacco.com
4-Mar-11
Large
91. SUKARI SACCO SOCIETY LIMITED
Chief Executive Officer: Mr. Felix O. Muhando
Chief Executive Officer: Hudson Ajesa Alubisia
Email:
Postal Address:
P.O. Box Private Bag-10400 Meru
Email:
info@sirajisacco.com
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches
0722-325654
(CEO Felix-0720-147650)
Nahashon Murugu
Building, Timau
19-Dec-11
Small
1
87. SOT TEA GROWERS SACCO SOCIETY LIMITED

Chief Executive Officer: Geoffrey Chepkwony
Postal Address:
Telephone:
P.O. Box 251-20400 Bomet

020-2045515
Email:
sotsacco@yahoo.com
Peer Group:
Medium
Physical Address:
Date Licensed:
Branches
Sotteg Plaza, Silibwet Street

28-Jul-11
1
88. SOTICO SACCO SOCIETY LIMITED

Chief Executive Officer: Everlyne Nyokwoyo Moraa
Postal Address:
Telephone:
Email:
Physical Address:
Date Licensed:
Peer Group:
Branches
Email:
Physical Address:

Date Licensed:
Peer Group:
Branches
Physical Address:
Sukari Sacco Building, Opposite
Date Licensed:
Peer Group:
Branches
052 641 210
info@sukarisacco.org
Booker Post Office, Mumias

8-Mar-12
Medium
1
92. TAI/KIAMBU TG SACCO SOCIETY LIMITED

Postal Address:
Telephone:
Email:

P.O. Box 718-00216 Githunguri

020-2014150/020-2010334
taisacco@yahoo.com /
info@taisacco.coop
Physical Address:
Tai Plaza, Uplands/
Peer Group:
Medium
Date Licensed:
Branches
Limuru Road
4-Mar-11
3
93. TAIFA SACCO SOCIETY LIMITED

Chief Executive Officer: Simon M. Gichingi
Sotik Tea Company House
Email:
020-2062952
info@soticosacco.com
8-Mar-12
Small
1

Telephone:
P.O. Box 841 Mumias
Telephone:
P.O. Box 959-20406 BOMET
89. SOUTH IMENTI TG /YETU SACCO SOCIETY LTD

Postal Address:
Postal Address:
Postal Address:
P.O. Box 1649-10100 nyeri
Physical Address:
NCU Building, Gakere Road
Branches
10
Telephone:
Date Licensed:
Peer Group:
020-2328958
info@taifasacco.co.ke
22-Jun-11
Large
94. TAITA TAVETA SACCO SOCIETY LIMITED
P.O. Box 511-60202 Nkubu
Chief Executive Officer: Mr. Charo Edward Garama
Sacco Building, Nkubu
Email:
0164-51399/51202
sitsacco@yahoo.com
- Kathera Road
4-Mar-11
Medium
7
Postal Address:
P.O. Box 1186-80304
Physical Address:
Tatecoh Building
Telephone:
Date Licensed:
Peer Group:
Branches
0720-077658
tsacco77@yahoo.com
16-Mar-12
Medium
3
61
95. TEMBO SACCO SOCIETY LIMITED

Chief Executive Officer: Ms. Lydia N. Ngima
Chief Executive Officer: George Malava
Telephone:
Telephone:
Postal Address:
P.O. Box 92-00618
Email:
info@tembosacco.co.ke
Physical Address:

Date Licensed:
Peer Group:
Branches
020-2603334
Tembo Complex,
Mukima Drive
8-Mar-12
Medium
1
96. TENHOS SACCO SOCIETY LIMITED
Postal Address:
P.O Box 2274 Kitale
Email:
tntsacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
0722-259220
Trans Nzoia Teachers Plaza,

Kitale Town
18-Oct-11
Medium
3
100. UKULIMA SACCO SOCIETY LIMITED
Chief Executive Officer: Kemboi Kiprono
Chief Executive Officer: Mr. Henry E. Nakaya
Telephone:
Telephone:
Postal Address:
Email:
P.O. Box 391-20400 Bomet

020-8031627/8
tenhossacco@yahoo.com
Physical Address:
Tenwek Hospital Building
Peer Group:
Small
Date Licensed:
Branches
20-Apr-11
1
97. THARAKA NITHI TEACHRS SACCO SOCIETY LTD

Chief Executive Officer: Luncham Mugambi
Postal Address:
Telephone:
Email:
Chuka Town
Large
2
98. THIKA DISTRICT TEACHERS SACCO SOCIETY LTD

Mr. James Njoroge Ngigi
Telephone:
06730480/0712-911888
Email:
Physical Address:

Date Licensed:
Peer Group:
Branches
Email- ukulimasacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
Ukulima House,
Haile Selassie Road

19-Dec-11
Large
3
101. UN SACCO SOCIETY LIMITED
Telephone:
22-Jun-11
Postal Address:
Email:
2785000
info@tntsacco.com
Date Licensed:
Branches
P.O. Box 44071-00100
Chief Executive Officer: Selasio Njeru
0726 617 752
Mwalimu Centre Building,
Peer Group:
Postal Address:
P.O Box 15-60400 Chuka
Physical Address:

62
99. TRANS-NZOIA TEACHERS SACCO SOCIETY LTD
Postal Address:
Email:
unsacco@uon.org
Physical Address:

Date Licensed:
Peer Group:
Branches
762700-3/7621201
Unsacco Building,
UN Avenue, Off Limuru

4-Mar-11
Large
1
102. UNIVERSAL TRADERS SACCO SOCIETY LTD
Chief Executive Officer: Kisili Stephen Kioko
thikateachers@yahoo.com
Telephone:
Whiteline Building,
Commercial Street
19-Dec-11
Medium
1
Postal Address:
P.O. Box 2119-90100 Machakos
Email:
skisili@yahoo.com
Syokimau House
Physical Address:
Date Licensed:
Peer Group:
Branches
044-20571
Traders House,
22-Jun-11
Medium
1
103. WAKENYA PAMOJA SACCO SOCIETY LIMITED
107. WANANDEGE SACCO SOCIETY LIMITED
Chief Executive Officer: -
Chief Executive Officer: James Murithi
Telephone:
Telephone:
Postal Address:
Email:
wpsacco@wakenyapamojasacco.com
Date Licensed:
20-Apr-11
Physical Address:
Peer Group:
Branches
058-30220/1
Kahawa House, Kisii-Keroka Road

Medium
12
104. WAKULIMA DAIRY SACCO SOCIETY LIMITED

Chief Executive Officer: Paul Wanyagi Nuthu
Postal Address:
Email:
info@wanandegesacco.com
Physical Address:

Date Licensed:
Peer Group:
Branches
020-3535851/2/3
Wanandege Plaza,
Embakasi Road
28-Jul-11
Large
2
108. WARENG TEACHERS SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 232-10103 Mukurwe-ini
Chief Executive Officer: Meshack K. Maru
Email:
wakulimadairysacco@yahoo.com
Telephone:
Ltd, Mukurwe-ini - Nyeri Road
Telephone:
Physical Address:
Date Licensed:
Peer Group:
Branches
020-3594698
Mukurwe-ini Wakulima Dairy

22-Jun-11
Small
1
105. WANA-ANGA SACCO SOCIETY LIMITED

Chief Executive Officer: Mr. Vincent Rota
Postal Address:
Email:
P.O. Box 3466-30100 Eldoret

053-2062423
warengteacherssacco@yahoo.com
Physical Address:
Wareng Teachers Sacco Building,
Date Licensed:
28-Jul-11
Peer Group:
Branches
Ronald Ngala Street

Medium
1
109. WASHA SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 34680-00100
Chief Executive Officer: Mr. Kelvin Aywa
Email:
wanaanga@yahoo.com
Telephone:
Telephone:
Physical Address:

Date Licensed:
Peer Group:
Branches
020-3571108
Meteorological Hq,
Ngong Road
19-Dec-11
Medium
1
106. WANANCHI SACCO SOCIETY LIMITED

Chief Executive Officer: Edward Kinyungu Njunuri
Postal Address:
P.O. Box 83256-80100
Email:
washa.sacco@yahoo.com
Physical Address:

Date Licensed:
Peer Group:
Branches
2227710/EXT. 2726
Agha Khan Doctors Plaza,

Nyerere Avenue
16-Mar-12
Small
1
110. WAUMINI SACCO SOCIETY LIMITED
Postal Address:
P.O. Box 910-10106 Othaya
Chief Executive Officer: Mr. Peter Kariuki
Email:
info@wananchisacco.coop
Telephone:
Telephone:
061-3152248/3152174
Physical Address:
Wananchi Sacco Building,
Date Licensed:
22-Jun-11
Peer Group:
Branches
Nyeri-Othaya-Kiriani Road
Medium
8
Postal Address:
P.O. Box 66121-00800
Email:
info@wauminisacco.com
Physical Address:
Date Licensed:
Peer Group:
Branches
4441708/38
Waumini House, Chiromo Road

22-Dec-11
Large
1
63
NOTES
THE SACCO SOCIETIES REGULATORY AUTHORITY (SASRA)

Britak Centre, First Floor, Junction of Mara and Ragati Road, Upper Hill
P. O. Box 25089-00100 Nairobi, Kenya Tel: +254 (20) 271774/5/7/8
Email: info@sasra.go.ke Website: www.sasra.go.ke
Facebook: Sacco Societies Regulatory Authority Twitter: SASRA_KE

SASRA Supervisory Report 2011

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THE SACCO SOCIETIES REGULATORY AUTHORITY

Sacco Supervision Report

(Deposit Taking Saccos)

THE SACCO SOCIETIES REGULATORY AUTHORITY

Sacco Supervision Report

(Deposit Taking Saccos)

THE SACCO SOCIETIES REGULATORY AUTHORITY

The vision of the Authority is to be A world class regulator of Sacco Societies

The Authoritys mandate is:

To regulate and supervise Sacco societies.

Do all such other things as may be lawfully directed by the Minister.

List of Acronyms and Abbreviations

Chief Executive Officers Statement

CHAPTER ONE: Economic Outlook

1.1. Emerging Markets and Developing Economies (EMDEs)

1.3. Impact of Global Macro-financial Developments to Domestic Financial Stability

1.2. Sub-Saharan Africa and East African Economies

1.6. Exchange Rates Movement

1.7. Capital Flows

1.8. Implication of Global Financial Crisis on Performance of Saccos

1.10. Supervision and Regulation of Licensed Deposit Taking Saccos.

1.12. Ownership and Categories of licensed Saccos

CHAPTER TWO: Developments in the Sacco Sub Sector

2.3. Balance Sheet Analysis for Licensed Deposit Taking Saccos

2.2. Developments in Information and Communication Technology.

2.5. Gross Loans, Loan Account and Non Performing Loans

2.6. Risk Classification of Loans and Advances

2.7. Profit and Loss

2.10. External Borrowing

CHAPTER THREE: Developments in Regulatory Framework

3.1. Prudential Regulation of Sacco Societies

3.3. Regulatory Compliance by the Licensed Deposit Taking Sacco Societies

3.2. Licensing of Deposit Taking Saccos

3.6. Challenges in the implementation of Prudential Regulations

Key Sub-sector Collaborative Initiatives in 2011

Annex 1: Performance Trend for the Deposit Taking Saccos

Annex 3: Sacco Supervision Circulars Issued in 2011

Annex 2: Comparison of Deposit Taking and Non Deposit Taking Saccos

Annex 5: Composition and Distribution of Deposit Taking Saccos per County

Annex 6: Analysis of Deposit Taking Sacco Balance Sheet as at December 2011

Annex 9: Directory of Licensed Saccos in Kenya

SASRA Sacco Supervision Report 2011

GDP Growth rate in Sub-Saharan Africa Vs. Other Regions

Inflation Rates in EAC Region, South Africa and SSA

Sub-Saharan Africa and the World (%age Change in Real GDP)

Average K.sh. against Major World Currencies

Chart 7: Trends in Capital Flows (USD Millions)

Sub-Saharan Africa - % Growth by Country Groups

Ownership and Categories of licensed D.T Saccos as at December 31, 2011

Table 8: Risk Classification of Loans disbursed by licensed Saccos as at Dec. 2011

Consolidated Income and Expenditure for licensed Saccos expressed

Table 11: Licensing Status per County

SASRA Sacco Supervision Report 2011

List of Acronyms and Abbreviations

Central Bank of Kenya

Cooperatives Societies Act

Back Office Saving Activity

Automatic Teller Machine

Chief Executive Officer

Deposit Guarantee Fund

Emerging Markets and Developing Economies

Foreign Direct Investment

Deposit Taking Saccos

East Africa Countries