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Harambee SACCO on the verge of collapse??
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simonkabz
#1 Posted : Monday, October 29, 2012 10:05:16 AM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
d'oh! d'oh!
The giant sacco can no longer meet the member's obligations. Lots of smoke here! Any insider??
TULIA.........UFUNZWE!
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Hunderwear
#2 Posted : Monday, October 29, 2012 12:14:10 PM
Rank: Member


Joined: 4/14/2011
Posts: 639
simonkabz wrote:
d'oh! d'oh!
The giant sacco can no longer meet the member's obligations. Lots of smoke here! Any insider??


Woiiih¡¡¡¡¡kujeni unaitas
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simonkabz
#3 Posted : Monday, October 29, 2012 7:22:28 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
apply for a loan and it, s given to u after 3 months minimum, in like 4 installments. a 1m loan will be given in 4 batches of 250k each. what the hell is going on?
TULIA.........UFUNZWE!
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ralp_mutu
#4 Posted : Tuesday, October 30, 2012 9:22:51 AM
Rank: Member


Joined: 3/26/2012
Posts: 232
Location: Nairobi
and while at it, the Finance Manager was shot dead in Embakasi yester.
My folks told me that my very first word was 'billionaire'
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simonkabz
#5 Posted : Tuesday, October 30, 2012 1:39:40 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Ala!! Is it turning into a mbo-i-kamiti saga?? Director shot dead in his mercedes benz, more like execution.....I Know of very many pple seething with anger right now! That sacco, and I gather its the largest, is in some deep shiet. I understand the Directors are withdrawing their shares..................If I follow them , I get my money after almost a year.
TULIA.........UFUNZWE!
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simonkabz
#6 Posted : Tuesday, October 30, 2012 1:46:51 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
http://www.the-star.co.k...sacco-manager-shot-dead
The wazua members are rather quiet.
TULIA.........UFUNZWE!
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Zenge
#7 Posted : Wednesday, October 31, 2012 11:02:21 PM
Rank: Member


Joined: 4/7/2011
Posts: 105
Afya Sacco is next, loans take too long to process. Over 3 months and their interest rates are higher than those of Barclays Bank
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King G
#8 Posted : Thursday, November 01, 2012 5:48:26 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
simonkabz wrote:
apply for a loan and it, s given to u after 3 months minimum, in like 4 installments. a 1m loan will be given in 4 batches of 250k each. what the hell is going on?


Surely is that a loan for a project or jokes. And do you start paying principal and interest on the whole amount or disbursed amounts only.
Thieves
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BGL
#9 Posted : Sunday, November 04, 2012 10:46:00 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
Civil servants to lose billions in Harambee Sacco scandal
http://www.businessdaily...6/-/v79888z/-/index.html
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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simonkabz
#10 Posted : Monday, November 12, 2012 12:34:42 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Stealing the savings of frustrated security forces-Police, KDF, can only spell disaster. This, on top of degrading public confidence in deposit taking saccos. This issue should not be taken lightly.
TULIA.........UFUNZWE!
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BGL
#11 Posted : Sunday, December 09, 2012 8:39:42 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
Inside Harambee Sacco’s mega fraud

http://www.businessdaily...0/-/yn10jhz/-/index.html
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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simonkabz
#12 Posted : Tuesday, December 11, 2012 11:20:14 AM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
This will be one of the biggest scandals in the SACCO industry. An estimated 4b has allegedly evaporated.
TULIA.........UFUNZWE!
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King G
#13 Posted : Monday, December 17, 2012 5:44:19 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
All these Saccos are just money minting business for officials, management and employees; harambee, ukulima, afya, teleposta, UN et all. there has been no proper regulations leading to poor governance, management and leadership from concern parties.
Thieves
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wanjau maina
#14 Posted : Tuesday, June 25, 2013 2:46:09 PM
Rank: Hello


Joined: 8/18/2010
Posts: 1
Location: Nairobi
@King G - it's so sad Sad
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