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Harambee DT Sacco

Harambee Sacco Membership

SACCO membership · Regulated by the SASRA

Grows at
7.87% a year
after their charges

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.

Hear when this changes

What it has actually paid

  • 20238.5%
  • 20249%

Before the company's charges. Past periods are not a promise about future ones.

What to watch out for

  • 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.
Try your own numbers
How

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

You pay in
KES 30,000
Charges take
KES 1,000
Tax takes
KES 811
You'd end up with
KES 44,402
If you stop after 2 years instead

You would have paid in KES 30,000.

They do not publish what you would get back if you stopped early.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.
  • · 5% tax comes off the interest before you get it. Their rate does not include it, and they say so.
  • · 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

Core Capital to Total Assets (CCA) 2025
15.11%
Core Capital to Total Deposits (CCD) 2025
22.63%
Institutional Capital to Total Assets (ICA) 2025
8.00%
External Borrowing to Total Assets 2025
6.07%
NPL Ratio 2025
5.25%

How to open this

  • Open with KES 30,000

What does it cost you?

Taken off each payment you makejoining, once, as a registration feeKES 1,000
Admin chargeyou every month, for the sink fund (loan protection), which every member must joinKES 300

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.

What they tell you

  • What is taken off the money you pay in?
    KES 1,000, taken from joining, once, as a registration fee.
  • What is the smallest amount you can start with?
    KES 30,000.
  • Is the advertised return before or after their charges?
    Before charges. Their fees still come off this.
  • Do they say who regulates them?
    Yes — the SASRA. That is who you complain to.

Talk to them

Compared with the others

There are 222 other plans of this kind on the board. See all 223 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 1 years 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.

What the documents actually say

Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.

Where we got this