Tower Deposit-Taking SACCO, the largest in Nyandarua County, held its 50th Anniversary celebrations having been established in 1976. During this event, the SACCO launched its first digital loan products, joining the list of SACCOS that have taken this route.
The new platform will enable members of Tower SACCO, to access products and services offered by the financial institution, without the need to visit a physical banking hall or a teller.
Advances in technology has increased competition in the financial sector, with Banks, SACCOs, Fintechs and other lenders, offering digital loans that can now be accessed through the mobile and internet banking platforms.
Tower SACCO is among those celebrating their 50th birthday this year, alongside Boresha SACCO, formerly Baringo Teachers SACCO, and KenVarsity SACCO as well as Wakenya Pamoja SACCO in Kisii County.
Located in Ol Kalou, Tower SACCO is the 5th largest in Kenya, with a balance sheet size worth KSh 34.6 billion according to the 2025 financial statements.
“Celebrating 50 years is not simply about looking back. It is about recognising the courage, discipline and shared purpose that built such a strong institution, the biggest enterprise in Nyandarua,” said Dr. Nelson Kuria, CIC Board Chairman and Chief Guest at the celebrations.
Dr Kuria challenged the Tower SACCO Board to prepare for the opportunities that lie ahead while cultivating a culture of ethical leadership, innovation, member-centric service and sustainable growth.
He said the future belongs to institutions that honour their heritage while embracing transformation.
During the celebrations, Tower SACCO also showcased its ISO Certification credentials and quality management systems, even as it rolls out digital loan products.
The SACCO has also set out to build its balance sheet size to reach KSh 80 billion over the next four years.
Available figures show that Tower SACCO, with its Head Offices in Ol Kalou, had a balance sheet size worth KSh 34.6 billion at the close of the 2025 financial year.
Members of the Society earned a Dividend Rate of 20% on Share Capital and 13% Interest on Member Deposits, resulting in a total of KSh 2.88 billion in profits shared with members.
Last year, Tower SACCO grew its loan book by 17% to KSh 25.2 billion while its balance sheet grew by 23% to KSh 34.6 billion.
With over 31 branches, spread across Nyandarua, Samburu, Kiambu, Nakuru, Isiolo, Meru, Marsabit, Tharaka Nithi and Kitui, Tower SACCO has more than 247,858 members and was able to recruit 55, 588 new members in 2025 alone.
Tower SACCO Board has announced plans by the Society to open additional new branches in Mwisho wa Lami, Nyeri and Makongeni.
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