NAIROBI, September 25, 2025 —Kenya’s SACCO Supervision Regulatory Authority [SASRA] today released the much-anticipated SACCO Supervision Report 2024, painting a robust and resilient picture of Kenya’s regulated SACCO sector. The report was unveiled in Nairobi, with key findings highlighting a decade of steady and impressive growth in membership, assets, and economic impact.
Strong growth trajectory
According to the report, the total assets of Regulated SACCOs have grown exponentially over the last decade, rising from Ksh 301.54 billion in 2014 to Ksh 1.08 trillion in December 2024. As at August 2025, total assets had risen even further to Ksh 1.13 trillion, according to Cabinet Secretary Wycliffe A. Oparanya.
“Crossing the trillion-shilling asset mark is no small feat. It is a clear testament to the resilience of the SACCO sector and the strength of SASRA’s regulatory oversight,” stated Jack Ranguma, Chair of SASRA.
Meanwhile, the total number of members in regulated SACCOs in the country surged to 7.40 million in 2024, marking an exceptional rise from just under 3.08 million in 2014. This reflects a compound annual growth rate that underlines growing public confidence in SACCOs as financial institutions of choice.
Year-on-year sector performance
The report shows that SACCO membership grew by 7.94 percent, from 6.84 million in 2023 to 7.39 million in 2024.
Total assets increased by 10.7 percent, from Ksh 972 billion in 2023 to Ksh 1.07 trillion in 2024.
Further financial indicators include: Gross loans increased from Ksh 758 billion [2023] to Ksh 845 billion (2024); Deposits rose from Ksh 682 billion [2023] to Ksh 749 billion [2024].
“This growth is evidence of prudent financial management and increased trust in SACCOs,” noted David Sandagi, Acting CEO of SASRA.
Sectoral loan disbursements
In 2024, Regulated SACCOs disbursed over Ksh 542 billion, a notable jump from Ksh 460 billion in 2023. The funds supported various sectors of the economy, with Land and Housing topping the list at Ksh 137 billion [25.3 percent], up from Ksh 124.19 billion the previous year.
Other notable disbursements included:
Education: Ksh 119.49 billion [up from Ksh 96.3 billion]
Agriculture: Ksh 108.9 billion [up from Ksh 78.09 billion]
Governance and regulatory reforms
In his address, PS Patrick Kilemi [State Department for Co-operatives] emphasised the importance of sound governance, particularly in the election of competent SACCO boards.
“There is no safety in the SACCO sector without strong leadership. It starts at the board level,” Kilemi stressed.
CS Oparanya further called for a review of the current SACCO registration threshold, currently just ten people. “Is this sustainable?” he asked, calling for a rethink to ensure long-term viability. He also cautioned against misclassifying Transport Cooperatives as SACCOs, stating that many of them do not engage in deposit mobilisation or credit intermediation, and thus do not qualify as SACCOs under the law.
Consolidation for financial viability
Oparanya urged small and financially vulnerable BOSA-only SACCOs to consider market-driven mergers and consolidations to enhance stability and service delivery.
He cited a recent successful merger between a smaller SACCO in Kirinyaga County and a larger Regulated SACCO, noting improved access to financial products and services for members of the previously smaller entity.
“This is the way to go if we are to build a prosperous SACCO sector,” said Oparanya.
Strengthening accountability and audit
The Cabinet Secretary issued a directive to SASRA and the Commissioner of Co-operatives to tighten financial reporting standards:
- All financial reports must now be signed by both CEOs and Finance Officers, as well as the Board of Directors.
- Internal auditors must provide opinions prior to external audits.
- External auditors who fail in their duty will face disciplinary action, including potential referral to ICPAK for sanctions.
Cybersecurity and financial inclusion
SASRA has been designated as the Cyber Security Operations Centre for the SACCO sub-sector by the National Computer and Cybercrimes Coordination Committee [NC4], chaired by PS Ray Omollo.
This development aims to bolster cyber resilience in the increasingly digital SACCO landscape.
Furthermore, Oparanya noted that the SACCO agency model has significantly enhanced financial inclusion and accessibility across the country.
A sector empowering community
The 2024 Supervision Report concludes that SACCOs continue to be a vital economic lifeline, empowering millions to access affordable credit, launch businesses, invest in property, educate children, and support agriculture.
As Kenya looks ahead, the continued professionalisation, consolidation, and digitilisation of the SACCO industry will be key to unlocking its full potential.
Buy your copy of thecooperator magazine from one of our country-wide vending points or an e-copy on emag.thecooperator.news
