@murchr kwani leo unarain? moody. meza cool pill. Wazua is a source of information.. By asking more we learn more. As you know some companies profiles on net aren't upto date. First hand info is neccesarry.....Take the bold step and elaborate the whole scenario once and for all (i see you got the info).

the more i learn the more i appreciate buffets wisdom.
consider his idea of making 20investments in a life time.

1 for every 20 held. And make the internet your friend maich. http://unaitas.com/downl...ial_Statements_2013.pdf[/quote]


@murchir I think the juror have come out with a verdict . 1 for every 20 feels like a drop in the ocean . The tweeter and past financial have proven to be helpful. Will go full throttle on this .

Some of us are in this heavily and this scare mongering is not funny at all.

You two show pay me for doing the digging for you. Wazua should be the source of last result after all and sundry.

Now, Who attended the AGM? What was the big news apart from dividend?

Drop this nuclear ambition bwana. Seems like guys are armed to teeth .anyway now we have the info si twendelee with something useful ama

It is on a light note my brother(s)/sister(s).

Have yourselves a lovely evening.

As usual men have to brush shoulders a little then sit down at table and over something. @murchr thank us for putting you on toes, now you know your money is safe as opposed to team cluless. Either way we ( me & Maich) shall buy you something in next AGM

@borisboyka kwani unanirusha chini ya meza. im the one who triggered the question on BGL when I asked him what more rights do class A have over class B . And he replied that stuff like voting and bonuses. So I triggered the question and murchir triggered answer ...meaning that at AGM wewe na MaichBlack munafaa kuniona kando pia.... on a light note too

that only happens just before listing but I don't think the same happens at this juvenile stage though I see your point . It'll raise eyebrows if they did 100 times right now

Hello Wazua Members,

Allow me to put in a few facts on this matter IMO:

F1. Unaitas has one class of shares. Every member has to own at least the minimum 100 shares, (Max 1M) at Ksh 10 per share. The Shares are not categorized. The shares are not withdrawable but can be transferred to another member, which is in line with Sacco Regulations. Shareholders do earn dividends on the shares annually. To unlock the shareholders wealth, Unaitas wanted to list the shares on the GEMs segment on the NSE (See: http://bit.ly/1Rjqgz6 ) However, the Sacco model where shares continuously sell at the branch(es) (You cannot access services like savings and credit, without being a shareholder in a Sacco) and then at the Bourse is against CMA Regulations. Thus, Unaitas shelved the listing plans (See: http://bit.ly/1RjrA56 ), re-strategized (2014/18) and came up with a plan to unlock the shareholders wealth by transitioning into banking, which will enable them offer a greater allay of services to their members/customers and also allow them to list on the NSE.

F2. There was a bonus issue for shareholders from 2009 backwards. These were the shareholders who held shares before the opening of the bond (Notice that most Saccos have a common bond, e.g. A Sacco for government employees, Another for Company XYZ and such) to allow all Kenyans to join Unaitas. The shareholders who held the shares before the opening of the bond must have asked this question, We have built this organization to where it has come, now that we are opening the bond so that everyone who comes gains from the good foundation we have toiled to lay down, what is in it for us? And I guess in appreciation, of their pioneering spirit, they were given a bonus. Do they expect another bonus? I’d say, certainly not.

F3. Unaitas has been in existence for more than two decades since its inception in 1993 then as a Tea Farmers Sacco. Today, it has 19 Branches and growing. You may have known them when they were Muramati. It is a brand that began humbly and has grown to the Unaitas we know today.

F4. From the little I know of their 2014-2015 Strategic Plan, it stipulates transformation into banking (sometimes in 2016 which is next year) and the listing of their shares on NSE in 2018.

F5. Unaitas is regulated by SASRA (Sacco Society Regulatory Authority)

Have a Look at: THE SACCO SOCIETIES (DEPOSIT―TAKING SACCO BUSINESS) REGULATIONS, 2010 > http://bit.ly/1AqFSfZ

IMO, Unaitas is a brand to watch, whether as a shareholder or as a spectator, you