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The best sacco to join
Rank: Hello Joined: 3/7/2013 Posts: 1 Location: NAIROBI
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brightstar wrote:Some years ago I resigned from the Sacco where I was a member. I applied for a refund of my shares but since a colleague who I had guaranteed a loan had defaulted on his loan repayment, my shares were held as security. The guy eventually cleared paying for the defaulted loan but now the Sacco has refused to pay me my shares back.
I have written to the Sacco officials but they don't bother to respond and the officials don't take my calls. Where can I get assistance. The Sacco is based in Nairobi. Thanks Wazuans. Hey? You should report the matter to the Ministry of Co- operatives, they should be able to assist you. If not, you can go to KUSCCO limited and ask for the Advocacy department or the Senior regional manager, Nairobi...this is assuming the SACCO is in Nairobi. Mhasibu SACCO is good. Tried and tested. They are small (benefit of efficiency) and very large in terms of liquidity. It is also VERY well managed. Starting a SACCO is a good idea but we will need a lot of time on our hands to meet and familiarize, because a lot of SACCO dealings are based on trust before they are based on proper systems. Am new. I just joined for advice on Shares and Stocks. I want to buy some. 
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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OWAKWABI wrote:brightstar wrote:Some years ago I resigned from the Sacco where I was a member. I applied for a refund of my shares but since a colleague who I had guaranteed a loan had defaulted on his loan repayment, my shares were held as security. The guy eventually cleared paying for the defaulted loan but now the Sacco has refused to pay me my shares back.
I have written to the Sacco officials but they don't bother to respond and the officials don't take my calls. Where can I get assistance. The Sacco is based in Nairobi. Thanks Wazuans. Hey? You should report the matter to the Ministry of Co- operatives, they should be able to assist you. If not, you can go to KUSCCO limited and ask for the Advocacy department or the Senior regional manager, Nairobi...this is assuming the SACCO is in Nairobi. Mhasibu SACCO is good. Tried and tested. They are small (benefit of efficiency) and very large in terms of liquidity. It is also VERY well managed. Starting a SACCO is a good idea but we will need a lot of time on our hands to meet and familiarize, because a lot of SACCO dealings are based on trust before they are based on proper systems. Am new. I just joined for advice on Shares and Stocks. I want to buy some. Just curious,are you a Sukari sacco member?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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If KUSCCO fails to resolve dispute btn member and SACCO you have one more option. It`s coop tribunal. The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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By the way can someone be a member of more than one sacco? As in is it legal?
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Rank: Elder Joined: 11/19/2007 Posts: 2,047
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FINNLEMM Sacco is good.However,you have to be a staff of NGO,INGO or diplomatic mission.
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Rank: Member Joined: 11/8/2012 Posts: 257
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famooz wrote:FINNLEMM Sacco is good.However,you have to be a staff of NGO,INGO or diplomatic mission. What happens if you leave the NGO/INGO world.Do you seize to be a member?
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Mjasirii wrote:famooz wrote:FINNLEMM Sacco is good.However,you have to be a staff of NGO,INGO or diplomatic mission. What happens if you leave the NGO/INGO world.Do you seize to be a member? Your English,you don't know cease?
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Rank: Member Joined: 8/16/2012 Posts: 660
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washiku wrote:By the way can someone be a member of more than one sacco? As in is it legal? Is it against the law to operate two savings accounts in different banks ? But unless you have 'exceeded' the deposit maximum allowed amounts per one sacco, one good one should cater for your saving goals quite well. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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washiku wrote:By the way can someone be a member of more than one sacco? As in is it legal? From the Cooperative Societies Act 18. No person shall be a member of more than one co-operative society, with unlimited liability and, no person shall be a member of more than one co- operative society having the same or similar objects; Provided that a person who;- (i) is a member of a co-operative society; and (ii) carries on business on land or at premises outside the area of operation of that co-operative society; may be a member of a co-operative society in whose area of operation that land or those premises are situate, notwithstanding that its objects are the same as or similar to those of the first-mentioned society.
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Rank: Elder Joined: 5/4/2008 Posts: 1,703
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. Think Positive Test Negative
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Rank: Member Joined: 7/23/2009 Posts: 526
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For Sport wrote:washiku wrote:By the way can someone be a member of more than one sacco? As in is it legal? From the Cooperative Societies Act 18. No person shall be a member of more than one co-operative society, with unlimited liability and, no person shall be a member of more than one co- operative society having the same or similar objects; Provided that a person who;- (i) is a member of a co-operative society; and (ii) carries on business on land or at premises outside the area of operation of that co-operative society;may be a member of a co-operative society in whose area of operation that land or those premises are situate, notwithstanding that its objects are the same as or similar to those of the first-mentioned society. I think this applies to same occupation. You can be a member of a coffee sacco and at the same time be a member of "employers" sacco, or still be an owner of a matatu that has a precondition of being a sacco member. Accept no one's definition of your life; define your life.
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Rank: Member Joined: 10/4/2007 Posts: 656
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Safaricom Sacco is now open to members of public. Just joined last week The way I am
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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marex wrote:Safaricom Sacco is now open to members of public. Just joined last week Their staff sacco? or the investment sacco you mean? If staff, do you have the requirements?
Life is joy, death is peace, but the transition is very difficult.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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kangi wrote:For Sport wrote:washiku wrote:By the way can someone be a member of more than one sacco? As in is it legal? From the Cooperative Societies Act 18. No person shall be a member of more than one co-operative society, with unlimited liability and, no person shall be a member of more than one co- operative society having the same or similar objects; Provided that a person who;- (i) is a member of a co-operative society; and (ii) carries on business on land or at premises outside the area of operation of that co-operative society;may be a member of a co-operative society in whose area of operation that land or those premises are situate, notwithstanding that its objects are the same as or similar to those of the first-mentioned society. I think this applies to same occupation. You can be a member of a coffee sacco and at the same time be a member of "employers" sacco, or still be an owner of a matatu that has a precondition of being a sacco member. Those are archaic laws in that Act. The Constitution of Kenya protects your association and bill of rights also protects you further. You can join more than one sacco; niko in 2 bank saccos without any pressure. Thieves
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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mawinder wrote:OWAKWABI wrote:brightstar wrote:Some years ago I resigned from the Sacco where I was a member. I applied for a refund of my shares but since a colleague who I had guaranteed a loan had defaulted on his loan repayment, my shares were held as security. The guy eventually cleared paying for the defaulted loan but now the Sacco has refused to pay me my shares back.
I have written to the Sacco officials but they don't bother to respond and the officials don't take my calls. Where can I get assistance. The Sacco is based in Nairobi. Thanks Wazuans. Hey? You should report the matter to the Ministry of Co- operatives, they should be able to assist you. If not, you can go to KUSCCO limited and ask for the Advocacy department or the Senior regional manager, Nairobi...this is assuming the SACCO is in Nairobi. Mhasibu SACCO is good. Tried and tested. They are small (benefit of efficiency) and very large in terms of liquidity. It is also VERY well managed. Starting a SACCO is a good idea but we will need a lot of time on our hands to meet and familiarize, because a lot of SACCO dealings are based on trust before they are based on proper systems. Am new. I just joined for advice on Shares and Stocks. I want to buy some. Just curious,are you a Sukari sacco member? It can only be IDB.... they are the ones who dont bother answering querries, sending your statements, nothing.
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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marex wrote:Safaricom Sacco is now open to members of public. Just joined last week What Loan products do they have? And interest rates?
Life is joy, death is peace, but the transition is very difficult.
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Rank: Elder Joined: 11/19/2007 Posts: 2,047
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famooz wrote:FINNLEMM Sacco is good.However,you have to be a staff of NGO,INGO or diplomatic mission. I do not know actually....but i think you remain a member .
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Rank: Member Joined: 5/3/2014 Posts: 133 Location: nairobi
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have you tried kimisitu sacco.
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Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
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Is Safaricom Staff sacco open to members of the public who don't work in Safaricom? Not the Investment cooperative.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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icecube wrote:Is Safaricom Staff sacco open to members of the public who don't work in Safaricom? Not the Investment cooperative. Yes!!!!!!
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