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SACCO's end year results - Dividend Rates comparison
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2012
#16 Posted : Thursday, April 26, 2012 8:44:48 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Memmy wrote:
Egerton University Sacco
Dividend 13%
Not sure interest on deposit



This is great! How do they manage to give 13%?
Do they give members loans at 12%?

BBI will solve it :)
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Thiong'o
#17 Posted : Thursday, April 26, 2012 9:14:16 AM
Rank: Member

Joined: 10/14/2011
Posts: 661
2012 wrote:
Memmy wrote:
Egerton University Sacco
Dividend 13%
Not sure interest on deposit



This is great! How do they manage to give 13%?
Do they give members loans at 12%?


Great, but how about this;
Mhasibu sacco
Divided 18.50%
Interest on members’ deposit 7.5%
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MGM
#18 Posted : Friday, April 27, 2012 8:46:40 PM
Rank: Hello

Joined: 11/18/2011
Posts: 4
Location: Nairobi
Concorde Sacco
Dividend 8%
Interest on members deposit ....not sure
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maligumu
#19 Posted : Friday, April 27, 2012 8:51:52 PM
Rank: Member

Joined: 2/22/2010
Posts: 510
Location: De egg
Ukulima SACCO bure kabisa still less than 8 %
Peace be with you
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TUPAC
#20 Posted : Saturday, April 28, 2012 8:21:39 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
Mwalimu Sacco- Interest on members savings/deposits 9.5 per cent.
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Hunderwear
#21 Posted : Saturday, April 28, 2012 8:25:36 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
kakamega teachers sacco 11% on shares
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themover
#22 Posted : Sunday, April 29, 2012 6:02:01 AM
Rank: Hello

Joined: 2/24/2012
Posts: 7
carygoh wrote:
GGK wrote:
Chuna 5.7% (thieves)


I wonder what you'll call Telepost Sacco which has never declared any dividend since 1999. (Muggers or what?)
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Hunderwear
#23 Posted : Monday, May 14, 2012 9:06:03 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
Hunderwear wrote:
10.2% for maisha bora



point of correction maisha bora paid 10.2 0n deposits and 15% on shares
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Apple Bees
#24 Posted : Thursday, May 17, 2012 12:40:13 PM
Rank: Member

Joined: 7/5/2008
Posts: 390
themover wrote:
carygoh wrote:
GGK wrote:
Chuna 5.7% (thieves)


I wonder what you'll call Telepost Sacco which has never declared any dividend since 1999. (Muggers or what?)


Pray
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King G
#25 Posted : Monday, June 25, 2012 7:30:56 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Kenya Bankers Sacco - 6.5% dividends only. And you would think they can do better being bankers. Bure kabisa
Thieves
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hobbit
#26 Posted : Saturday, February 23, 2013 12:34:24 PM
Rank: New-farer

Joined: 5/25/2011
Posts: 88
We note AGMs for 2012 performance results are on their way,lets educate one another on what your Sacco has done....

Post what rates your Sacco is giving here...
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BGL
#27 Posted : Saturday, February 23, 2013 1:20:17 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
Year ended 2012
Safaricom Sacco AGM is on today 23.02.2013
Dividend on Shares: 12% down from 20%
Deposits: 10% up from 9%
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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  | | Edit by user: Saturday, February 23, 2013 8:07 PM | Reason: Not specified
Memmy
#28 Posted : Saturday, March 16, 2013 2:39:51 PM
Rank: Member

Joined: 9/21/2009
Posts: 34
Egerton University Sacco

Dividends 14%

Interest on Deposits 13%
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gatoho
#29 Posted : Saturday, March 30, 2013 4:15:04 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
BGL wrote:
Year ended 2012
Safaricom Sacco AGM is on today 23.02.2013
Dividend on Shares: 12% down from 20%
Deposits: 10% up from 9%



MURAMATI?
Foresight..
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bird_man
#30 Posted : Saturday, March 30, 2013 8:31:30 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
It is generally unsustainable for a sacco to give dividends at above 12% sinnce that is the interest rate they apply on loans.So you sometimes find that some are (1)borrowing loans to pay dividend (2)depleting their general reserves to pay dividends.

I sometimes also feel that the main aim of joining your sacco is to get a loan to fund your own serious investments instead of celebrating those dividends received.
Formally employed people often live their employers' dream & forget about their own.
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