Harambee SACCO Loan – review 2026
Pros
- Competitive rates relative to mainstream bank and digital lenders
- Long track record and stable financial position among Kenyan SACCOs
- Member-owned model returns dividends on savings and shares
- Regulated by SASRA with formal prudential oversight
Cons
- Requires SACCO membership and savings history before borrowing
- Loan size is generally tied to a multiple of deposits/shares held
- Historically built around civil servants, which shapes its member base
Harambee SACCO is one of Kenya's oldest and largest deposit-taking savings and credit cooperatives (SACCOs), historically built around civil servants employed in the national government. As a deposit-taking SACCO, it is regulated by the SACCO Societies Regulatory Authority (SASRA) rather than the Central Bank of Kenya, which regulates commercial banks.
The SACCO offers a range of loan products, including development loans, emergency loans and school fees financing, priced competitively relative to mainstream bank and digital lenders, reflecting the not-for-profit, member-owned nature of SACCOs generally. Members build eligibility for larger loans through consistent savings and share contributions over time.
Fees and Eligibility
Harambee SACCO is known for a stable financial position and strong member governance, both important indicators of a healthy SACCO under SASRA's prudential framework. As with other SACCOs, new members typically need to join, contribute share capital and build a savings record before accessing most loan products, with guarantors often required for larger facilities.
Requirements
- SACCO membership application and share capital contribution
- National ID
- KRA PIN certificate
- Minimum age 18 years
- Savings/deposit history with the SACCO
- Guarantors for larger loan amounts
Provider contacts
- Name
- Harambee SACCO Society Limited
- Address
- Anniversary Towers, University Way, P.O. Box 47815-00100, Nairobi, Kenya
- Reg. number
- SASRA/DTS/0003
- Website
- https://www.harambee.co.ke
- Online application
- Apply now →
- Regulator
- Central Bank of Kenya (CBK)
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.