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SACCO's end year results - Dividend Rates comparison
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Angelica _ann
#81 Posted : Wednesday, February 17, 2016 10:49:58 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
bird_man wrote:
Lolest! wrote:
Angelica _ann wrote:
United Women Sacco shares @16.50%

Really? Kwani what rates do they lend at?

Trick is to ensure very many topups and charge the member full term interest from the amount you will disburse.E.g for a 4yr loan ensure they come for topup on year 2 but charge interest as though they took full term from the topup you disburse.Somewhat illegal though.

Women borrow heavily and pay diligently!!! Minimal bad and doubtful debts!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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gatoho
#82 Posted : Friday, March 25, 2016 1:38:03 AM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
Mafisi Sacco 50% on investment, 40% on expenses
Foresight..
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Boris Boyka
#83 Posted : Friday, March 25, 2016 6:43:25 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
gatoho wrote:
Mafisi Sacco 50% on investment, 40% on expenses

Laughing out loudly Laughing out loudly So this Mafisi Organization is big!
Mafisi Sacco
Mafisi party of Kenya
Team Mafisi
Mafisi Holdings
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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mwanaumeme
#84 Posted : Wednesday, April 13, 2016 8:58:20 AM
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Joined: 1/12/2016
Posts: 1
Stima Sacco A dividend pay out of 12% on shares and 11% on deposits
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gatoho
#85 Posted : Wednesday, April 13, 2016 4:38:46 PM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
mwanaumeme wrote:
Stima Sacco A dividend pay out of 12% on shares and 11% on deposits


I thought it was 24%? 12 in cash and 12 in shares?
Foresight..
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streetwise
#86 Posted : Wednesday, April 13, 2016 5:26:52 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
OOOOH , now in understand . So this 24% in not a real one since you need money both in shares and deposits to get it.

In effect you just get 12%. No wonder some one said money does no grow on trees
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enyands
#87 Posted : Wednesday, April 13, 2016 6:43:16 PM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
streetwise wrote:
OOOOH , now in understand . So this 24% in not a real one since you need money both in shares and deposits to get it.

In effect you just get 12%. No wonder some one said money does no grow on trees



There is a huge big difference between stima sacco and stima investment cooperative.


These are two different entities and have different boards .stima sacco is involved in lending money to members and Fosa or bosa while the other one is just lands ,houses and maybe other investment ventures .


Most Saccos have an avarage of 7-15% dividends while investments are higher than that.
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Shak
#88 Posted : Monday, April 18, 2016 6:53:33 PM
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Joined: 2/22/2009
Posts: 2,449
Location: Africa
Any news from Hazina Sacco?
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Shak
#89 Posted : Tuesday, April 19, 2016 10:56:48 PM
Rank: Elder


Joined: 2/22/2009
Posts: 2,449
Location: Africa
Shak wrote:
Any news from Hazina Sacco?

7.8%. Disappointed
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Boris Boyka
#90 Posted : Thursday, April 28, 2016 1:26:11 PM
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Joined: 11/15/2013
Posts: 1,977
Location: Here
UKULIMA SACCO
Our 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!Not talking
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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streetwise
#91 Posted : Thursday, April 28, 2016 4:04:13 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
5% is an abuse. This is like the returns by nssf
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enyands
#92 Posted : Thursday, April 28, 2016 4:12:04 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Boris Boyka wrote:
UKULIMA SACCO
Our 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!Not talking



Hii ni madharau. Atleast unaitas gave us some'. Hata kobole wananyimana? Aii bane
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Swenani
#93 Posted : Thursday, April 28, 2016 4:33:40 PM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Kenya police sacco
Shares at 17%
Deposits at 10%
If Obiero did it, Who Am I?
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mwangipek
#94 Posted : Sunday, May 08, 2016 9:03:33 PM
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Joined: 8/13/2015
Posts: 1
Naciwasco Sacco
Shares at 15%
Deposits at 10%
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kawi254
#95 Posted : Thursday, March 15, 2018 11:52:47 PM
Rank: Member


Joined: 2/20/2015
Posts: 464
Location: Nairobi
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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Stiffler
#96 Posted : Friday, March 16, 2018 11:01:09 AM
Rank: Member


Joined: 11/7/2017
Posts: 186
Location: Nairobi
Mhasibu Sacco Society:

Interest on deposits; 8.25%
Dividend Rate; 20%
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Ngogoyo
#97 Posted : Friday, March 16, 2018 12:41:38 PM
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Joined: 6/22/2011
Posts: 561
Location: House
Kimisitu doing a 9% on deposits and might do 10% after they finish the infighting and eating
AGM tomorrow.
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lidarmama
#98 Posted : Wednesday, March 28, 2018 4:59:01 PM
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Joined: 9/25/2015
Posts: 7
Location: Nairobi
Wanandege Sacco = big joke. I'm out.
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heri
#99 Posted : Thursday, March 29, 2018 3:04:52 PM
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Joined: 9/14/2011
Posts: 834
Location: nairobi
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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Pesa Nane
#100 Posted : Thursday, March 29, 2018 11:21:28 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
UNAITAS 9% on shares
Pesa Nane plans to be shilingi when he grows up.
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