Stima SACCO tops industry in Loan Book Size, Total Income

By Jackson OKOTH

Latest data from the Sacco Societies Regulatory Authority(SASRA) shows that Stima Deposit-Taking SACCO has the largest loan book, estimated to be worth KSh 54.89 billion at the close of 2024.

Its closest rival is the Kenya National Police DT SACCO, with a loan book size of KSh 51.86 billion, and Mwalimu National DT SACCO, whose loan book reached KSh 47.99 billion at the close of 2024.

Total income of Stima SACCO was also the highest at KSh 10.26 billion in 2024, ahead of KSh 9.95 billion for Kenya Police DT SACCO and KSh 9.32 billion earned by Mwalimu National.

Stima SACCO, with branches in Mombasa, Nakuru, Kisumu, Olkaria Trading, Eldoret, Embu, several in Nairobi, as well as County FOSA branches in Meru, Kisi and at Nairobi’s CBD -Electricity House, Harambee Avenue, remains the second largest in the sub-sector with a balance sheet size worth KSh 66.51 billion closest to Mwalimu National’s total assets worth KSh 68.89 billion.

The SASRA ranking of Stima SACCO happens when the Society was crowned corporate of the year at the Strategic Business & Leadership Awards 2025, in the Sacco & Microfinance Institution category. The SACCO was recognised for its achievements as a beacon of excellence and impact.

These annual awards, organized by Strategic Nest Corporation, reward organizations and leaders that demonstrate excellence, innovation, and measurable impact in their sectors.

This year’s ceremony, held in Nairobi, brought together top corporates, financial institutions, and top industry chiefs, to reward those with exemplary contributions to corporate Kenya.

The Award organizers paid glowing tribute to Stima SACCO, ranked as the second largest and most profitable in the SACCO sub-sector, with the largest loan book in the industry.

Stima DT SACCO , was established in 1974 to serve employees of the then East African Power and Lighting Company. It is today one of the oldest and most trusted DT SACCOs in Kenya.

According to Stima SACCO CEO Dr Hassan Gamaliel, the SACCO has since matured after celebrating Golden Jubilee, a testament to the Society’s financial strength, resilience and sustainability.

 

 “Reflecting on 50 years of success sets the stage for strategic planning. It allows the SACCO to define new goals, embrace technological advancements and position itself for the next phase of growth, “said Dr Gamaliel.

A highly successful player in the deposit-taking business, Stima SACCO has scooped several prestigious trophies, including three at the 2024 Ushirika Day Awards, cementing its place as one of the most vibrant SACCOs in Kenya.

In the 2024 Ushirika Awards, Stima Sacco received recognition as the Best DT Sacco in ICT Optimization, the Best DT Sacco in the Deposit Mobilization Category, and the Third Most Efficient DT Sacco in Kenya.

The Society was awarded for Best DT Sacco in ICT Optimization after ensuring that its systems, structure, policies, processes, people and infrastructures are used optimally to achieve this competitive edge.

Stima SACCO clinched the position of Third Most Efficient DT Sacco in Kenya. The Society values efficiency by ensuring members funds are invested in income generating ventures to ensure healthy returns on investments

This sterling performance and financial growth reflects Stima DT SACCOs dedication to sound financial management and prudent risk practices.

Stima SACCO has also maintained its focus on supporting members in achieving their financial goals, including loans for home ownership, education, and business expansion.

 

While Stima SACCO is still planning to expand its physical branches beyond the current 12, the Society’s top management says it is also keen to keep up with adoption of technology. It has thus ensured that members access products and services via our online platforms – mobile or digital banking, ATM services, as well as its Stima Sacco Mlangoni agents spread throughout Kenya.

Stima SACCO, in its strategic plan, intends to leverage on cutting-edge technologies, such as artificial intelligence and data analytics, to enhance member experience, streamline operations, and offer personalized financial solutions that cater to diverse needs.

The SACCO’s financial performance in 2024 stands as a testament to its resilience, strategic foresight, and the unyielding support of its loyal members.