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SACCO's end year results - Dividend Rates comparison
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seppuku
#51 Posted : Wednesday, February 05, 2014 2:30:52 PM
Rank: Veteran

Joined: 5/11/2010
Posts: 918
webish wrote:
guru me wrote:
seppuku wrote:
On shares 50%

On deposits 11.5%

Someone beat that.

Applause Applause Applause smile smile smile



Had to check this out- the 50% part. I think the share capital is a very small component of what members have. Compare this against members deposits which is what is attracting 11.5%.


Financial highlights shs.
Share capital 5,518,409
Members deposit 1,423,940,284


http://www.balozicoop.co...ipdf/AccountsFY2013.pdf



thought so as well. but such is the case with many saccos anyway. smile


You're right. Most people hold the required minimum of KES 2000. smile Still, the performance was relatively impressive.
Learn first to treat your time as you would your money, then treat your money as you do your time.
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The optimist
#52 Posted : Monday, February 10, 2014 6:29:28 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
Safaricom Investment Cooperative will be holding their AGM on 27th Feb
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mchawi
#53 Posted : Monday, February 10, 2014 6:48:26 PM
Rank: New-farer

Joined: 4/4/2011
Posts: 94
Location: Nairobi
The optimist wrote:
Safaricom Investment Cooperative will be holding their AGM on 27th Feb

Waiting for my 40% return.....Drool
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BGL
#54 Posted : Monday, February 10, 2014 6:56:52 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
The optimist wrote:
Safaricom Investment Cooperative will be holding their AGM on 27th Feb


The 'mother' aka safcom sacco will be having theirs on Feb 22nd.
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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patrazi
#55 Posted : Monday, February 10, 2014 8:15:26 PM
Rank: New-farer

Joined: 7/18/2012
Posts: 76
mchawi wrote:
The optimist wrote:
Safaricom Investment Cooperative will be holding their AGM on 27th Feb

Waiting for my 40% return.....Drool

Niko ndani
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Boris Boyka
#56 Posted : Thursday, May 01, 2014 3:09:16 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Ukulima were to have AGM yesterday what's the div on members shares? what of the others ;harambee,afyia,mwalimu,ardhi..............
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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TUPAC
#57 Posted : Thursday, May 01, 2014 8:48:35 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
http://www.nation.co.ke/.../-/wxgsq5z/-/index.html

Mwalimu Sacco 11%
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Boris Boyka
#58 Posted : Wednesday, July 23, 2014 7:30:36 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Ukulima
10 % on shares
8 % on deposits
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Boris Boyka
#59 Posted : Monday, July 28, 2014 8:00:17 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Excerpts of Financials from Ukulima sacco.

1. Total Assets. 7,321,315,578
2. Members Deposits. 5,514,465,939
3. Loans and Advances to Members. 5,624,702,557
4. Investments. 25,711,632
5. Core Capital. 450,590,326
6. Share capital. 247,081,489
7. Institutional capital. 203,508,838
8. Total Revenue. 798,396,268
9. Total Interest Income. 713,834,920

Anyone explain to me no. 4,5,6 & 7. and their sources as I understand
Share capital = Represents your ownership of the SACCO, It is not withdrable, if you decide on leaving the SACCO you have to transfer/sell them to someone else. The share-capital
takes care of the infrastructure like seats,
computers, cars, buildings, etc.
Deposits = Money that you demand and is paid back to you within the limits stated on the by-laws of the SACCO when you decide on leaving the SACCO. Membership is about 32000 and the shares per person is 5000/- (it was raised from 2000/-)
Thanks
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Stract_Consulting
#60 Posted : Tuesday, July 29, 2014 9:05:11 AM
Rank: New-farer

Joined: 6/3/2014
Posts: 58
Location: Nairobi
Boris Boyka wrote:
Excerpts of Financials from Ukulima sacco.

1. Total Assets. 7,321,315,578
2. Members Deposits. 5,514,465,939
3. Loans and Advances to Members. 5,624,702,557
4. Investments. 25,711,632
5. Core Capital. 450,590,326
6. Share capital. 247,081,489
7. Institutional capital. 203,508,838
8. Total Revenue. 798,396,268
9. Total Interest Income. 713,834,920

Anyone explain to me no. 4,5,6 & 7. and their sources as I understand
Share capital = Represents your ownership of the SACCO, It is not withdrable, if you decide on leaving the SACCO you have to transfer/sell them to someone else. The share-capital
takes care of the infrastructure like seats,
computers, cars, buildings, etc.
Deposits = Money that you demand and is paid back to you within the limits stated on the by-laws of the SACCO when you decide on leaving the SACCO. Membership is about 32000 and the shares per person is 5000/- (it was raised from 2000/-)
Thanks



4. Investments. 25,711,632 - - Refers to investment held by a sacco for example shares bought from NSE listed companies or others such as shares held with KUSCO

5. Core Capital. 450,590,326 - This is the sum of share capital and institutional capital

6. Share capital. 247,081,489 Is as you have described above.

7. Institutional capital. 203,508,838 - Institutional capital is basically accumulated reserves from retained earnings that no member of the SACCO can claim
Be ignorant and ask a few questions - Peter Drucker
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  | | Edit by user: Tuesday, July 29, 2014 9:07 AM | Reason: Not specified
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