Mhasibu SACCO was registered over 30 years ago spearheaded by the Institute of Certified Public
Accountants of Kenya (ICPAK) which was driven by the need to provide a savings and investment platform
Mhasibu meaning ‘accountant’ in Swahili has seen exponential growth from a paltry 37
members in 1986, to over 19,000 members and has ambitious plans to grow and provide holistic financial
services to its members with the potential member landscape estimated at over 500,000.
From a paltry 37 members in 1986, the SACCO now boasts of a membership of about 18,000 members and has elaborate marketing plans to maintain the growth trend going by the high number of accounting students in the country. The SACCOs market potential is estimated to be over 500,000 members and the SACCO intends to capture at least 2% of this by 2015.