Money in bank just sit there. It safe, yes, but it grow slow, like tortoise. If you want money to work for you, better choice is investing in Saccos. But what is Sacco? And how to choose best Saccos for investment? Let’s break it down.

What is a Sacco?

A Sacco (Savings and Credit Cooperative) is like group bank. People come together, save money, and lend to each other at fair interest rate. Unlike bank, Sacco belong to members, not some big company. More you save, more you can borrow, and more dividend you get.

Why Invest in Saccos?

• Higher Returns – Saccos give better interest on savings than normal bank account.

• Easy Loan Access – Need money for business or emergency? Saccos offer loans at lower interest.

• Member-Owned – You not just customer, you part-owner. More power, more benefits.

• Financial Discipline – Monthly savings in Sacco force you to build strong money habit.

How to Choose the Best Saccos

Not all Saccos same. Some good, some bad, some just take people money and disappear. Here what to check:

1. Registration & Regulation – Make sure Sacco is registered with SASRA (Sacco Societies Regulatory Authority). This protect your money.

2. Dividend History – Good Sacco pay members dividend every year. Check past records.

3. Loan Terms – Look for Sacco with low-interest loans and flexible repayment.

4. Membership Requirements – Some Saccos open to all, others only for certain groups (teachers, farmers, etc.). Pick what fit you.

5. Stability & Growth – Big, stable Saccos safer than small, unknown ones.

Best Saccos to Consider

While choice depend on your needs, some top Saccos in Kenya include:

• Mwalimu Sacco – Great for teachers, strong savings and loan benefits.

• Stima Sacco – Open to all, best for energy sector workers and general investors.

• Kenya Police Sacco – Best for disciplined services but open to public too.

• Harambee Sacco – Good for government workers and business owners.

• Safaricom Sacco – Technology-based, good for digital investors.

Conclusion

Investing in Saccos is smart way to grow money. More stable than betting, more rewarding than saving in bank. Just choose wisely, save regularly, and watch your wealth grow. Best time to start? Today!