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Harambee DT Sacco

Harambee Sacco Membership

SACCO membership · Regulated by the SASRA

What is this?

You join a co-op owned by its members. You pay KES 1,000 to register, build up KES 30,000 of shares, and save every month. Each year the surplus is shared: 15% on shares and 9% on deposits for 2024. Most people join for the loans.

If you put in KES 30,000 once, for 5 years

You pay in
KES 30,000
Charges take
KES 1,000
You'd end up with
KES 45,405
If you stop after 2 years instead

You would have paid in KES 30,000 and get back not disclosed.

They do not publish what you would get back if you stopped early. You would have to ask them.

  • · Based on putting in KES 30,000 once and leaving it for 5 years — the smallest way into this one.
  • · The value goes up and down. This is not a promise.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

Paid on deposits for 20249%, pro rata by month
Paid on shares for 202415%
What it takes to joinKES 30,000 of share capital, in instalments if you like, plus KES 1,000 to register
Every month, on top of savingsKES 300 to the sink fund
Tax off the payout5% withholding tax

What does it cost you?

Taken off each payment you makeKES 1,000
Admin chargeKES 300
Yearly charge on your moneynot disclosed
  • · A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.

What if you stop paying?

Your shares and deposits stay and keep earning what is declared. The KES 300 sink fund is due every month, and loans need you in good standing.

What if you need the money early?

You can leave after an exit interview and get your deposits back. The pages read do not say what happens to your shares.

Who this suits

It could work for you if

You work in government or for a large employer that remits to the Sacco, and want a yearly payout plus loans.

Think twice if

You want every shilling to earn. KES 300 a month goes to the sink fund, not to your savings.

How openly does this company explain its charges?

CLeaves real gaps9 of 14 answered
  • What do they charge you every year?
    A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.
  • What is taken off the money you pay in?
    KES 1,000, taken from joining, once, as a registration fee.
  • What does it cost to get out early?
    No exit penalty is printed in the sources we checked.
  • What is the smallest amount you can start with?
    KES 30,000.
  • How long is your money tied up?
    They do not say how long you are tied in.
  • Is the advertised return before or after their charges?
    Before charges. Their fees still come off this.
  • Do they warn you the return is not guaranteed?
    No warning appears next to the figure, even though it is not a promise.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the SASRA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · The 15% and 9% are the rates declared for 2024, as worked in the Sacco's own FAQ. The FAQ had not been updated for 2025 when read. Nothing says next year matches.
  • · Interest on deposits is pro rata: a shilling saved in November earns one twelfth of the rate. Dividends on shares use the 31 December balance. 5% withholding tax comes off the total.
  • · Share capital is KES 30,000 at KES 100 a share, payable in instalments. The pages read do not say what happens to it if you leave.
  • · Every member must join the sink fund (loan protection) at KES 300 a month, on top of savings.
  • · Members who withdrew during the year get dividends on shares but no interest on deposits for that year. Defaulters' payouts are held until arrears are cleared.
  • · Harambee DT Sacco is entry 47 on SASRA's 2026 register of licensed deposit-taking Saccos. The pages read do not name its regulator.

Talk to them

  • Website: harambeesacco.com
  • Phone: 0709 943 000
  • If something goes wrong, the SASRA is who supervises them.

Compared with the others

There are 17 other plans of this kind on the board. See all 18 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 9% on this page is the rate Harambee DT Sacco last declared, as at 2024-12-31 — over a year old.

The rate declared on deposits for 2024, from the Sacco's own FAQ, which works an example at it. Share capital got 15%. Deposits earn pro rata by the month they came in, and 5% withholding tax comes off. The FAQ had not been updated for 2025 when read..

This is the most recent figure Harambee DT Sacco publishes, not the most recent figure that exists. Ask them what the current rate is before you decide anything on the strength of it.

Where we got this