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SACCO's end year results - Dividend Rates comparison
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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5% is an abuse. This is like the returns by nssf
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Boris Boyka wrote:UKULIMA SACCOOur Member,Year2015 intrest on deposits was 5%, This was compelled by SASRA demand to retain more surplus to comply with Regulations.This will improve in future. GREATLY Disappointed!  Hii ni madharau. Atleast unaitas gave us some'. Hata kobole wananyimana? Aii bane
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Kenya police sacco Shares at 17% Deposits at 10% If Obiero did it, Who Am I?
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Rank: Hello Joined: 8/13/2015 Posts: 1
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Naciwasco Sacco
Shares at 15%
Deposits at 10%
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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Faced with the choice to re-invest SACCO rebates, dividends to Sacco deposits or shares which is the most prudent option?
SACCO deposits
1. Boost borrowing power to x3 re-invested amount.
2. Earns lower interest on deposit compared to SACCO shares.
3. When you want to quit SACCO you can just withdraw all the deposit (T's & C's applying).
SACCO shares.
1. Earns higher interest
2. Cannot borrow against SACCO shares.
3. Cannot sell SACCO shares i.e no open share sell market (it is a SACCO NOT investment co-operative)...so you are sort of locked in forever.
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Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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Mhasibu Sacco Society:
Interest on deposits; 8.25%
Dividend Rate; 20%
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Rank: Member Joined: 6/22/2011 Posts: 561 Location: House
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Kimisitu doing a 9% on deposits and might do 10% after they finish the infighting and eating
AGM tomorrow.
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Rank: Hello Joined: 9/25/2015 Posts: 7 Location: Nairobi
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Wanandege Sacco = big joke. I'm out.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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Ngogoyo wrote:Kimisitu doing a 9% on deposits and might do 10% after they finish the infighting and eating
AGM tomorrow. so it was 10% on savings and 25% on capital contributions .
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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UNAITAS 9% on shares Pesa Nane plans to be shilingi when he grows up.
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SACCO's end year results - Dividend Rates comparison
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