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Sheria Sacco

Sheria Sacco Membership

SACCO membership · Regulated by the SASRA

Grows at
10.18% a year
after their charges

You join a co-op owned by its members. You buy KES 20,000 of shares and save every month. Each year the surplus is shared: 16% on shares and 11% on deposits for 2024. Most people join for the loans, up to three times their savings.

Hear when this changes

What to watch out for

  • The 16% and 11% are the board's proposal for 2024 in the Sacco's own annual report, up from 16% and 9.5% in 2023. Nothing says next year matches.
  • Share capital is KES 20,000 minimum, non-withdrawable, transferable to another member on leaving. The entrance fee is KES 1,700 one-time, published on the How to Join page.
  • Leaving takes 60 days' written notice. Loans go up to three times your savings; civil servants must keep a third of pay after deductions.
  • Sheria's FAQ explains SASRA and its deposit guarantee fund, which refunds up to KES 100,000 net of loans if a Sacco fails. It is entry 116 on SASRA's 2026 register.
  • The Ordinary Deposits account has a minimum monthly contribution of KES 2,200, published on the homepage. Other accounts (Shewisa, Childa) have lower floors.
Try your own numbers
How

If you put in KES 5,000 a month for 5 years

You pay in
KES 300,000
Charges take
KES 1,700
Tax takes
KES 4,951
You'd end up with
KES 392,377
If you stop after 2 years instead

You would have paid in KES 120,000.

They do not publish what you would get back if you stopped early.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

  • · Based on paying KES 5,000 a month for 5 years.
  • · 5% tax comes off the interest before you get it. The Sacco does not say if their rate already allows for it, so we took it off.
  • · 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 2024
11%, up from 9.5% in 2023
Paid on shares for 2024
16%, the same as 2023
What it takes to join
KES 20,000 of share capital, plus KES 1,700 entrance fee
Smallest monthly deposit
KES 2,200 on the Ordinary Deposits account
If the Sacco failed
SASRA's guarantee fund refunds deposits up to KES 100,000 — its own FAQ says so
Leaving
60 days' written notice; shares transfer to another member
Who can join
Anyone over 18 with an income

How to open this

  • Open with KES 20,000
  • then KES 2,200 a month
  • locked in for 2 months

What does it cost you?

Taken off each payment you makethe How to Join page, one-timeKES 1,700

What if you stop paying?

Your shares and deposits stay and keep earning what is declared. Loans need you in good standing.

What if you need the money early?

You leave on 60 days' written notice. Deposits come back; shares do not. You transfer them to another member.

Who this suits

It could work for you if

You want a yearly payout from a Sacco that shows its books. You may also want loans against your savings.

Think twice if

You may need everything back. KES 20,000 of what you put in can only be sold on, not withdrawn.

What they tell you

  • What is taken off the money you pay in?
    KES 1,700, taken from the How to Join page, one-time.
  • What is the smallest amount you can start with?
    KES 2,200.
  • How long is your money tied up?
    2 months.
  • 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 11% on this page is the rate Sheria Sacco last declared, as at 2024-12-31 — over 1 years old.

What the board proposed on qualifying deposits for 2024 in the Sacco's own annual report — 11%, up from 9.5% in 2023 — alongside 16% on share capital, the same as 2023. Declared after the year ended; nothing says next year matches. Sheria's longer-term Mavuno savings paid 8.5% (5-year) and 10% (10-year).

This is the most recent figure Sheria 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 has changed here

  • 20 September 2026
    • Smallest monthly payment is now KES 2,200, and was not published before
    • Taken off each payment you make is now KES 1,700, and was not published before

We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.

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