As of December 2013[update], it was the largest Savings and Cooperative Society (Sacco) in the country, with an asset base valued at about US$282.2 million (KES:24.5 billion).
At that time, the society had in excess of 57,520 members and a loan book of approximately US$241.5 million (KES:20.96 billion).
[4] As at December 2013, Mwalimu Sacco was ranked as the number one SACCO in Kenya, as measured by assets[5] and revenue[6] The society was established in 1974, with the objective of mobilizing savings from its members and providing loans to members, using those resources.
[7][8] In 2013, Joshua Ojall, the society CEO at the time, announced plans to build up to 100 housing units in the outskirts of Nairobi, the capital and largest city in Kenya and East Africa.
[12] Following the resolution of objections raised by the Cooperative Alliance of Kenya, a commission set up to investigate the deal, gave its approval in March 2015.