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Ekeza savings and credit Sacco
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smartbull
#1 Posted : Monday, June 27, 2016 6:20:37 PM
Rank: New-farer

Joined: 6/27/2016
Posts: 12
Location: Nairobi
I recently opened an account with Ekeza Sacco with the aim of them financing a property purchase come development project, my concerns are how stable are they and what happens if they go under and the have already financed the project but am yet to complete the installments.
Where can one get the real financial health of the sacco?
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maka
#2 Posted : Monday, June 27, 2016 6:24:15 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
smartbull wrote:
I recently opened an account with Ekeza Sacco with the aim of them financing a property purchase come development project, my concerns are how stable are they and what happens if they go under and the have already financed the project but am yet to complete the installments.
Where can one get the real financial health of the sacco?


Why did you put money first ...then now start researching on their financial health?Putting the cart before the horse...
possunt quia posse videntur
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Spikes
#3 Posted : Monday, June 27, 2016 6:24:43 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
smartbull wrote:
I recently opened an account with Ekeza Sacco with the aim of them financing a property purchase come development project, my concerns are how stable are they and what happens if they go under and the have already financed the project but am yet to complete the installments.
Where can one get the real financial health of the sacco?



Stima Sacco is fundamentally strong!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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whiteowl
#4 Posted : Monday, June 27, 2016 9:58:00 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Somebody told me it will go under but I never bothered to find out more Coz I'm not invested. Due diligence is best done before not after investment but better late than never.Ask around and see what you'll find.
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Ebenyo
#5 Posted : Monday, June 27, 2016 10:35:21 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Do they have a website? Try find their latest financial results.Check their balance sheet carefully.
Towards the goal of financial freedom
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smartbull
#6 Posted : Tuesday, June 28, 2016 10:39:30 AM
Rank: New-farer

Joined: 6/27/2016
Posts: 12
Location: Nairobi
That's the thing the do not have a website making it hard to get their financials, I did the registration and decided to get more info about the company before putting in more money to purchase the property I had in mind.
Am shopping around for the best way to finance a property purchase in the range of 2.5M some area around Kamakis.
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kenyariri
#7 Posted : Tuesday, June 28, 2016 11:47:25 AM
Rank: New-farer

Joined: 11/23/2011
Posts: 15
Dont get into analysis paralysis, as time doesnt wait for a King. Its good sometimes to take a risk and ponyoka with what is available. I have acquired titled properties with Urithi and Ekeza and can vouch on their going concern. As you look at their stability, vouch also on your stability to withstand shocks
Sophisticated investors ignore the noise and concentrate on the intrinsic value of an asset
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maka
#8 Posted : Tuesday, June 28, 2016 11:48:42 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
smartbull wrote:
That's the thing the do not have a website making it hard to get their financials, I did the registration and decided to get more info about the company before putting in more money to purchase the property I had in mind.
Am shopping around for the best way to finance a property purchase in the range of 2.5M some area around Kamakis.




Safaricom sacco
possunt quia posse videntur
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Ethiteri
#9 Posted : Thursday, June 30, 2016 6:08:50 PM
Rank: Member

Joined: 2/4/2016
Posts: 175
Location: Global
kenyariri wrote:
Dont get into analysis paralysis, as time doesnt wait for a King. Its good sometimes to take a risk and ponyoka with what is available. I have acquired titled properties with Urithi and Ekeza and can vouch on their going concern. As you look at their stability, vouch also on your stability to withstand shocks


Confirm if Ekeza is an off shoot from Urithi through one of the office bearers.If so I will tell watu to do your due diligence till you are fully satisfied.
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Museveni
#10 Posted : Tuesday, April 04, 2017 3:36:36 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
Live and learn; and don’t forget, nothing ventured, nothing gained.
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