How to Buy and Sell SACCO Shares in Kenya: The Ultimate 2026 Guide

In Kenya, Sacco shares (share capital) are one of the most lucrative long-term investments, often yielding annual dividends of 15% to 20%. However, because share capital is permanent and non-withdrawable, many members feel "stuck" when they need to liquidate. This is where the secondary market comes in.

Whether you are looking to exit a society or searching for the best SACCO shares to buy, this guide explains the legal process of transferring ownership in 2026.

1. Share Capital vs. Deposits: Know the Difference

Before you list or buy on Saccoshares, it is vital to distinguish between these two:

• Deposits (Non-withdrawable): These are used as collateral for loans and can be refunded when you leave the SACCO (usually after a 60-day notice).

• Share Capital (Shares): This represents your "equity" or ownership. It is non-refundable but can be sold or transferred to another member.

2. How to Buy SACCO Shares from a Seller

Buying shares from an existing member is often faster and can sometimes be negotiated at a discount. Here is the standard procedure:

1. Identify a Listing: Use a platform like Saccoshares to find sellers from SASRA-regulated SACCOs like Stima, Kenya Police, or Tower SACCO.

2. Verify Membership: You must usually be an active member of that specific SACCO to "buy" someone else's shares. If you aren't a member, you’ll need to join first.

3. Fill out a Share Transfer Form: Both the buyer (transferee) and seller (transferor) must sign an official Share Transfer Form provided by the SACCO.

4. Pay the Transfer Fee: Most Kenyan SACCOs charge a small fee (ranging from Ksh 200 to Ksh 2,000) to update the member registry.

5. Board Approval: The SACCO’s board or management must officially approve the transfer to ensure both parties are in good standing.

3. How to Sell Your SACCO Shares

If you want to liquidate your investment, follow these steps to ensure a legal exit:

• Check Your Liabilities: You cannot transfer shares if you have an active loan or if you are still acting as a guarantor for another member’s loan.

• Find a Buyer: List your shares on a marketplace. Highlighting your SACCO's recent dividend history (e.g., "17% dividends in 2025") makes your listing more attractive.

• Clearance: Once a buyer is found, you must obtain a clearance certificate from your employer (if applicable) and notify the SACCO of your intent to exit.
  
  
  

  Safety Tips for Buyers and Sellers

  • Use Regulated Platforms: Only trade via verified marketplaces like Saccoshares to avoid "middlemen" scams.

  • Verify the Certificate: Always ask for a recent member statement from the seller to confirm the actual value of the shares before payment.

  • Payment Escrow: Ensure payment is only released once the SACCO confirms receipt of the transfer forms.
    
    
    
    Summary Table: Top SACCOs for Share Trading

    SACCO Name	Average Dividend Rate (2025)	Digital Transfer Support
    Kenya Police DT	17%	High
    Tower SACCO	20%	Medium
    Stima DT	15%	High
    Safaricom SACCO	14%	Excellent