In Kenya’s evolving financial landscape, Savings and Credit Cooperative Societies (SACCOs) have become pillars of economic empowerment. Over the past three decades, SACCOs have played a crucial role in promoting savings, providing affordable credit, and fostering entrepreneurship across both urban and rural communities. Today, millions of Kenyans rely on SACCOs for financial inclusion, stability, and growth — and institutions like Daima Sacco Ltd are at the heart of this transformation.

Understanding the SACCO Model

A SACCO is a member-owned financial cooperative that encourages individuals to save regularly and access credit affordably. Unlike commercial banks that prioritize shareholder profits, SACCOs focus on empowering their members — ensuring that financial benefits remain within the community.

Members deposit savings into their accounts, which then form a lending pool from which members can borrow at relatively low interest rates. This cyclical model promotes both financial discipline and economic growth at the grassroots level.

Kenya’s SACCO sector is regulated by the SACCO Societies Regulatory Authority (SASRA), which ensures transparency, accountability, and sound financial management. The country boasts one of the most vibrant SACCO movements in Africa, with over 350 licensed deposit-taking SACCOs serving millions of members nationwide.

The Economic Impact of SACCOs in Kenya

SACCOs contribute significantly to Kenya’s GDP by channeling savings into productive use. They have become essential in financing agriculture, education, housing, and business development — sectors that directly influence livelihoods and national development.

From rural farmers to urban professionals, SACCOs have bridged financial gaps by offering services tailored to diverse needs, including microloans, business financing, school fees loans, asset acquisition, and housing development.

According to the Ministry of Cooperatives and MSME Development, SACCOs in Kenya hold billions in member deposits and have consistently demonstrated strong growth, resilience, and trust among members, even during economic downturns.

Daima Sacco Ltd — Building Prosperity Through Cooperative Finance

Established in 1991 and officially registered on April 16th of the same year, Daima Sacco Ltd began as a rural-based financial institution in Embu County. Over the years, it has grown steadily and now aims to serve members across the entire country.

Daima Sacco provides a wide range of affordable, flexible, and reliable financial solutions that meet the needs of individuals, groups, and businesses. Through innovation and a strong cooperative foundation, the Sacco continues to support its members’ financial journeys — from savings to investments and credit access.

What Daima Sacco Offers

1. Savings Products
Daima Sacco encourages members to build a savings culture with diverse accounts such as:

• Ordinary Savings Account – For easy deposits and withdrawals.

• Bidii Savings Account – A flexible savings option with attractive interest rates.

• Fixed Deposit Account – Ideal for members wishing to invest surplus funds.

• Junior and Holiday Accounts – Designed to instill saving habits and plan for future needs.

2. Loan Products
Daima Sacco provides a comprehensive portfolio of loan products tailored to different financial goals:

• Business and Development Loans for entrepreneurs and investors.

• Maziwa and Mifugo Loans supporting dairy and livestock farmers.

• School Fees and Emergency Loans to cover urgent and educational needs.

• Biashara and Working Capital Loans that help businesses sustain cash flow.

• Salary and Instant Loans offering quick financial relief for salaried members.

All loans are designed with affordable interest rates, flexible repayment terms, and member-friendly policies.

Empowering Members Beyond Credit

At Daima Sacco Ltd, empowerment goes beyond lending. The Sacco invests in financial literacy, cooperative education, and digital transformation to ensure members make informed financial decisions.

By adopting modern banking technologies, including mobile banking platforms and instant loan services like Pesachapchap, Daima Sacco ensures convenient access to savings and loans anytime, anywhere.

This commitment to innovation and community development reinforces Daima Sacco’s mission:

To promote a culture of saving and responsible borrowing that uplifts the economic well-being of our members and the wider community.

Why SACCOs Like Daima Sacco Matter Today

As the cost of living and interest rates fluctuate globally, SACCOs remain a stable financial anchor for Kenyans. They are not only inclusive but also community-driven, ensuring that the benefits of growth are shared collectively.

Daima Sacco Ltd stands out by maintaining transparency, offering competitive financial solutions, and continuously adapting to meet member needs. It embodies the cooperative principle of “by members, for members” — a model that ensures long-term trust and sustainability.

Looking Ahead — The Future of SACCOs in Kenya

The future of SACCOs in Kenya is promising. As financial technology continues to evolve, SACCOs are leveraging digital innovations to improve accessibility, efficiency, and security. Institutions like Daima Sacco are leading the way by integrating digital tools for loan processing, member registration, and online transactions, ensuring convenience while maintaining the cooperative spirit.

With continued government support, regulatory oversight, and community participation, SACCOs will remain a key driver of inclusive growth, empowering more Kenyans to achieve financial independence.

Join Daima Sacco Ltd Today

Be part of a trusted and growing financial community that values your growth. Whether you are a farmer, entrepreneur, employee, or student, Daima Sacco offers a financial solution tailored to your needs.

Start your journey toward prosperity today — join Daima Sacco Ltd and grow with us.