Tower Sacco set to launch a new Branch in Thika


Tower Sacco Expands Its Reach: Launching the 31st Branch in Thika

Tower Sacco, one of Kenya’s leading Savings and Credit Cooperative Societies (SACCOs), is making a bold move in its expansion journey with the launch of its 31st branch in Thika.  This strategic expansion reflects the Sacco’s unwavering commitment to enhancing financial accessibility, providing affordable credit, and empowering its growing membership base.  

A Financial Giant on the Rise

Tower Sacco has established itself as a formidable player in Kenya’s financial sector, consistently growing its asset base and membership. As of January 2024, the Sacco reported impressive financial milestones:  

  • Total Assets: Ksh 23.2 billion, an 18.72% increase from the previous year.  
  • Loans Issued: Ksh 18.08 billion, reflecting 18.73% growth.  
  • Member Deposits:Ksh 17.33 billion, a 19.52% rise.  

These figures highlight the Sacco’s financial strength and its dedication to providing reliable financial services.  


Membership Growth & Expansion Strategy 

Tower Sacco’s membership has been on a sharp upward trajectory, growing from 188,115 members in August 2022 to 216,382 by August 2023—a 15% increase. This expansion is driven by the Sacco’s ability to offer competitive financial products tailored to the needs of different groups, including entrepreneurs, salaried employees, farmers, and SMEs.  

The Thika branch is strategically positioned to cater to the fast-growing commercial and industrial hub, providing essential financial solutions to businesses and individuals seeking affordable savings and loan options.  

Competitive Returns: Attractive Dividends & Rebates

One of the key attractions of Tower Sacco is its high dividend and rebate rates ensuring that members reap significant benefits from their investments.  

  • Dividends on Share Capital:20% 
  • Interest Rebates on Deposits:13% 

In 2024 alone, the Sacco disbursed an impressive Ksh 2.72 billion in dividends and rebates, reinforcing its commitment to rewarding members for their loyalty and investment.  

Why Thika?

Thika is one of Kenya’s fastest-growing economic centers, home to numerous industries, businesses, and investment opportunities. By launching a branch in this vibrant town, Tower Sacco is positioning itself to serve:  


✔ Entrepreneurs and business owners looking for business expansion loans.  

✔ Salaried employees in need of personal and mortgage financing.  

✔ Farmers and SMEs seeking affordable working capital.  


What to Expect at the Grand Opening


The grand opening of the Thika branch will be a high-profile event, attended by:  

  • Tower Sacco Board Members & Senior Executives 
  • Local Leaders and Business Community Representatives.  
  • Sacco Members and the General Public 

During the launch, new members will get special promotions, financial literacy sessions, and exclusive offers on savings and loans.  

The Future: Tower Sacco’s 2030 Vision

Tower Sacco is not stopping at 31 branches. The Sacco’s strategic vision aims to:  

✅ Expand its asset base to Ksh 80 billion  

✅ Grow its membership to over 800,000 

✅ Introduce more digital and mobile banking solutions. 

The launch of the Thika branch is a step closer to realizing this ambitious plan, proving that Tower Sacco is a financial institution on a mission. 


Join Tower Sacco Today!

Are you looking for affordable loans, high savings returns, and a reliable financial partner? Tower Sacco welcomes new members to take advantage of its exceptional services.  

For more details on membership and products, visit [www.towersacco.co.ke](https://www.towersacco.co.ke) or visit the new Thika branch today!  

Tower Sacco – Empowering You, Enriching Your Future.

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