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akowally
#1 Posted : Monday, September 26, 2011 2:19:41 PM
Rank: Veteran


Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
Which is the best SACCO? Need to join one this week. Thanks.
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bird_man
#2 Posted : Monday, September 26, 2011 2:41:04 PM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
@akowally,
Most saccos are profession based e.g
Mhasibu-Accountants
UNSACCO-UN Employees
LSK Sacco-Lawyers
Kenya Bankers-Bank Employees etc

"Best" could mean best in terms of dividend payout rates,service,loan amounts,projects e.g land,houses for members etc.

I would advice one that has several "projects" such as land reselling to members,housing projects etc.If you are an accountant Mhasibu is quite good.
Formally employed people often live their employers' dream & forget about their own.
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Gathige
#3 Posted : Monday, September 26, 2011 4:19:15 PM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
@akowally,

There are many factors to consider before you can join a SACCO. The most basic is the common-bond. As noted by @ bird-man you need a sacco that is within your common-bond i.e what binds you with the sacco of choice. If you are an accountant, you are better of joining Mhasibu as you are likely to know many more accountants especially when you need a loan. The other factors are loan limits, duration of wait before you can get a loan and interest on dividends.

All the best in your search
"Things that matter most must never be at the mercy of things that matter least." Goethe
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akowally
#4 Posted : Monday, September 26, 2011 4:27:36 PM
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Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
Thanks birdman and gathige. I do an online writing business. Is there any specific one for this?? Or a general one that can apply?
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Hunderwear
#5 Posted : Tuesday, September 27, 2011 11:08:44 AM
Rank: Member


Joined: 4/14/2011
Posts: 639
As long as you dont join Harambee sacco.No projects,poor dividends,fraudulent n arrogant staff.Corruption is the order of the day.Ati toa kitu kidogo tuandike cheque
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akowally
#6 Posted : Tuesday, September 27, 2011 11:40:32 AM
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Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
Hunderwear wrote:
As long as you dont join Harambee sacco.No projects,poor dividends,fraudulent n arrogant staff.Corruption is the order of the day.Ati toa kitu kidogo tuandike cheque



@Hunderwear

And ati that was part of my consideration. So that is among the bad ones. Any good ones that can apply to an online article writing businessman????

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Coolio
#7 Posted : Tuesday, September 27, 2011 12:00:35 PM
Rank: Elder


Joined: 10/28/2008
Posts: 2,276
Location: Kibish
Wanandege is not bad though am not complaining at police Sacco.
Nadondosha meli kubwa seuze ngalawa!
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Hunderwear
#8 Posted : Thursday, September 29, 2011 7:49:33 PM
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Joined: 4/14/2011
Posts: 639
akowally wrote:
Hunderwear wrote:
As long as you dont join Harambee sacco.No projects,poor dividends,fraudulent n arrogant staff.Corruption is the order of the day.Ati toa kitu kidogo tuandike cheque



@Hunderwear

And ati that was part of my consideration. So that is among the bad ones. Any good ones that can apply to an online article writing businessman????


Dont join Harambee if you dont want to honga for every service you want or be insulted by the staf or get your emergency loan after two months!Anyway try Maisha Bora,Mhasibu,Muramati they al have different awards in differnt categories be it best mananaged,best dividend payout among others.ooh and wanaanga a friend of mine told they paid 20% dividend i dint confrm ths though.Uchaguzi ni wako!But dont join Haras pleas they hav been bookd thrice for discusion in parliament but has never been discusd,they sold a prominent building in town that was bougt using members special shares and dint give them a coin.Its a diving craft
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simonkabz
#9 Posted : Thursday, September 29, 2011 9:49:29 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Hunderwear wrote:
As long as you dont join Harambee sacco.No projects,poor dividends,fraudulent n arrogant staff.Corruption is the order of the day.Ati toa kitu kidogo tuandike cheque


GFF! Na niko ndani yage.
TULIA.........UFUNZWE!
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Lolest!
#10 Posted : Thursday, September 29, 2011 10:01:14 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Do not forget the issue of referees. Dont join a SACCO where you cant get guarantors.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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akowally
#11 Posted : Thursday, September 29, 2011 10:22:42 PM
Rank: Veteran


Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
@Hunderwear

That's what I'm talking about. Thanks for the ideas.

@Simonkabz

Good to know you're still around.

Pole. Lucky me I started a thread on wazua about it so that I know better before I join.

@Lolest

I agree about the guarantors part. That's why now I am considering a church sacco. At least we'll all be knowing each other so won't be hard to get guys.
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akowally
#12 Posted : Wednesday, October 05, 2011 6:08:07 PM
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Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
For those who wanted me to inform them how things are going, I have settled on NASSEFU Sacco. I have like 50 friends there and no one is complaining. The joining fee is Sh. 1000 then you need to contribute at least 2200 per month. The reason is that here it will be easy for me to get guarantors for a loan.

Happy saving.
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Hunderwear
#13 Posted : Thursday, October 06, 2011 7:56:11 PM
Rank: Member


Joined: 4/14/2011
Posts: 639
akowally wrote:
For those who wanted me to inform them how things are going, I have settled on NASSEFU Sacco. I have like 50 friends there and no one is complaining. The joining fee is Sh. 1000 then you need to contribute at least 2200 per month. The reason is that here it will be easy for me to get guarantors for a loan.

Happy saving.

Weldone!What projects and products do they have?
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akowally
#14 Posted : Friday, October 07, 2011 10:50:22 PM
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Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
@ Hunderwear

I should go there soon and find out everything. Watch this space.
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