← learn · guide · verified as of 2026-07-10
SACCOs
A SACCO (Savings and Credit Co-operative) is a member-owned financial co-operative regulated by SASRA — you buy shares to join, save through it, and receive a dividend the SACCO's AGM declares annually.
Steps
- 1Choose a SACCO — SASRA licenses and supervises deposit-taking SACCOs; check a specific SACCO's own membership page for its current terms.
- 2Submit your ID copy and KRA PIN with the membership application form.
- 3Pay the minimum share capital (varies by SACCO — Stima SACCO states KES 25,000, payable in installments, as one example).
- 4Maintain the SACCO's minimum monthly contribution to stay active.
- 5Receive your dividend after the SACCO's AGM declares it, calculated on your share balance for the year.
By the end you are a registered SACCO member earning an annually-declared dividend on your shares.
Costs & taxes
| Item | Amount | Note |
|---|---|---|
| Dividend withholding tax | 5% (same rate as an NSE dividend, not the 15% interest rate) | SACCO dividends are taxed as ordinary dividends under KRA rules, confirmed distinct from bank-interest WHT. |
| Share capital | Varies by SACCO — e.g. KES 25,000 at Stima SACCO | Not a universal figure; confirm with your chosen SACCO before joining. |
Risk
Low risk relative to equities, but share capital is typically non-refundable except by transfer to another member — read your SACCO's exact withdrawal terms before joining, since SASRA does not set one universal notice period.
Low (money market funds, SACCO deposits, government duration risk)
See it in the product
Sources
- SASRA's regulatory role — https://www.sasra.go.ke/who-we-are/ · retrieved 2026-07-10
- Stima SACCO joining steps + KES 25,000 share capital (search-snippet corroborated; site blocks direct fetch) — https://www.stima-sacco.com/memberships/ · retrieved 2026-07-10
- Dividends declared annually at AGM, pro-rata on share/deposit balances — https://www.stima-sacco.com/knowledge-base/what-are-dividends-and-interestrebates/ · retrieved 2026-07-10
- No universal withdrawal notice period; share capital typically non-refundable except by transfer — https://www.sasra.go.ke/frequently-asked-questions/ · retrieved 2026-07-10
- SACCO dividend WHT is 5%, distinct from the 15% bank-interest rate — https://africacheck.org/fact-checks/meta-programme-fact-checks/dividends-earned-savings-and-credit-co-operatives-kenya-will · retrieved 2026-07-10
Automated analysis for information & education. Not investment advice. For advice tailored to your situation, consult a CMA-licensed investment adviser.