Tower Sacco has marked a historic milestone in Kenya’s cooperative movement by announcing a record Ksh 2.88 billion payout to members, reaffirming its position as one of the country’s strongest and most trusted savings and credit cooperatives.
The windfall follows the Board of Directors’ declaration of a 20 percent dividend on share capital and a 13 percent interest rebate on member deposits, one of the most competitive returns in the sector. The payout coincides with the Sacco’s Golden Jubilee celebrations, commemorating 50 years of member-focused financial empowerment since its establishment in 1976.
The announcement underscores Tower Sacco’s consistent growth trajectory and sound governance, pillars that have anchored its success through changing economic cycles and regulatory reforms in Kenya’s cooperative sector.
Strong Financial Performance Anchors Member Returns.
The impressive member payout is backed by robust financial results for the year ended December 2025. According to the Sacco’s audited financial statements, total revenue grew by 22 percent to Ksh 5.28 billion, reflecting increased member activity, prudent pricing of financial products, and sustained demand for affordable credit.
Surplus before tax rose by 23 percent to Ksh 1.29 billion, highlighting operational efficiency, disciplined cost management, and a strong loan portfolio. These results place Tower Sacco among the top-performing deposit-taking Saccos in Kenya, a sector widely recognised as a backbone of national savings mobilisation and grassroots economic development.
Speaking during the announcement, Board Chairman Mr. Peter Ngugi attributed the performance to strong institutional values and a long-term strategic focus.
“Tower Sacco has remained resilient, member-centric, and firmly aligned to its strategic objectives. Our results demonstrate that when members trust their cooperative and actively participate, shared prosperity becomes possible,” said Mr. Ngugi.
A Cooperative Built on Vision and Trust.
Tower Sacco’s story mirrors the broader evolution of Kenya’s cooperative movement, which today mobilises trillions of shillings in savings and supports millions of households and enterprises.
Founded in 1976 by a group of visionary teachers seeking a safe and reliable financial platform, Tower Sacco was built on the cooperative principles of self-help, mutual responsibility, democratic control, and equitable economic participation. Over five decades, the institution has grown beyond its founding membership to serve a diverse and expanding base drawn from various sectors of the economy.
Today, Tower Sacco stands as a model of how cooperatives can scale sustainably while remaining grounded in member ownership and shared value creation.
Lending That Drives Economic Transformation.
The Sacco’s lending business continues to be a major engine of growth and impact. In 2025 alone, Ksh 16.38 billion was disbursed to members in loans, representing a six percent increase compared to the previous year. As a result, the total loan book expanded to Ksh 25.15 billion by the end of December 2025, up from Ksh 21.5 billion in 2024.
This growth reflects strong member confidence and rising demand for competitively priced credit—an area where Saccos continue to outperform many conventional financial institutions.
“We continue to see strong uptake of our credit facilities across all member segments,” Mr. Ngugi noted. “We encourage members to keep leveraging our diverse loan products to grow their businesses, invest in property, educate their children, and secure their financial future.”
Empowering Members, Strengthening the Economy.
Beyond the numbers, Tower Sacco’s impact is evident in the lives it transforms daily. By providing affordable and accessible credit, the Sacco has enabled members to start and expand businesses, acquire homes, invest in commercial property, fund education, and build generational wealth.
In doing so, Tower Sacco contributes directly to financial inclusion, job creation, and wealth distribution, objectives that align closely with national development priorities and the cooperative movement’s role in Kenya’s economy.
The Sacco has also embraced sound governance, regulatory compliance, and prudent risk management—key factors that continue to strengthen confidence among members, regulators, and stakeholders.
Looking Ahead: The Next 50 Years.
As Tower Sacco celebrates its Golden Jubilee, the institution is positioning itself for the future with a clear focus on innovation, digital transformation, member education, and sustainable growth. These priorities are expected to enhance service delivery while preserving the cooperative ethos that has defined the Sacco for half a century.
The record payout, strong financials, and expanding loan portfolio collectively reinforce Tower Sacco’s reputation as a premier financial partner within Kenya’s cooperative movement—a “perfect home” for members seeking stability, growth, and long-term prosperity.
With 50 years of proven performance behind it, Tower Sacco enters its next chapter well-equipped to continue empowering members and strengthening Kenya’s cooperative legacy.
