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Ekeza savings and credit Sacco
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winmak
#11 Posted : Tuesday, April 04, 2017 4:33:23 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
Ethiteri wrote:
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.



Is there a connection between Urithi and Ekeza??? Coz someone just approached me to form a group of 6 to join Urithi... And I am givint it a wide berth...
For investors as a whole, returns decrease as motion increases ~ WB
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FRM2011
#12 Posted : Tuesday, April 04, 2017 5:17:44 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
winmak wrote:
Ethiteri wrote:
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.



Is there a connection between Urithi and Ekeza??? Coz someone just approached me to form a group of 6 to join Urithi... And I am givint it a wide berth...


Look for a thread titled "Urithi Sacco".

@bigchick has a wealth of knowledge on these saccos. From her postings on the other thread, Gakuyo was a founder of Urithi but he quit over what they termed internal wrangles.

But there was a screaming red flag. Apparently the BOD/BOM of Urithi are the same guys who ran Deci, Clip and the like.

Please note am quoting @bigchick verbatim here.

She had also noted a phenomenal transformation in the lifestyles of the founders. From probox to V8 in a year.
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Pesa Nane
#13 Posted : Tuesday, April 04, 2017 6:17:48 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
winmak wrote:
Ethiteri wrote:
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.



Is there a connection between Urithi and Ekeza??? Coz someone just approached me to form a group of 6 to join Urithi... And I am givint it a wide berth...

Keyser Soze was a director of Urithi before replicating the ideas and forming his own entity.
Pesa Nane plans to be shilingi when he grows up.
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winmak
#14 Posted : Tuesday, April 04, 2017 6:29:32 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
FRM2011 wrote:
winmak wrote:
Ethiteri wrote:
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.



Is there a connection between Urithi and Ekeza??? Coz someone just approached me to form a group of 6 to join Urithi... And I am givint it a wide berth...


Look for a thread titled "Urithi Sacco".

@bigchick has a wealth of knowledge on these saccos. From her postings on the other thread, Gakuyo was a founder of Urithi but he quit over what they termed internal wrangles.

But there was a screaming red flag. Apparently the BOD/BOM of Urithi are the same guys who ran Deci, Clip and the like.

Please note am quoting @bigchick verbatim here.

She had also noted a phenomenal transformation in the lifestyles of the founders. From probox to V8 in a year.



Thanks a lot
For investors as a whole, returns decrease as motion increases ~ WB
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Euge
#15 Posted : Wednesday, April 12, 2017 2:16:31 PM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
whiteowl wrote:
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.


I hope that many paid attention to this
Lord, thank you!
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Juojo
#16 Posted : Monday, March 26, 2018 10:00:26 AM
Rank: Member

Joined: 7/7/2009
Posts: 41
Euge wrote:
whiteowl wrote:
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.


I hope that many paid attention to this


Ekeza sacco shutdown
Happiness is not the absence of problems, It's the ability to deal with them
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kayhara
#17 Posted : Monday, March 26, 2018 10:55:08 AM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
Wah 3 Billion at stake, what does the law say about a case like this? I see some people on Fb praying it goes down so that they don't pay loans while some crying of millions saved over the years in hope of getting huge loans later on, a black cloud has been hanging above this sacco lets wait and see.
To Each His Own
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Stiffler
#18 Posted : Monday, March 26, 2018 7:39:09 PM
Rank: Member

Joined: 11/7/2017
Posts: 186
Location: Nairobi
Juojo wrote:
Euge wrote:
whiteowl wrote:
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.


I hope that many paid attention to this


Ekeza sacco shutdown


So prophetic...
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innairobi
#19 Posted : Tuesday, March 27, 2018 11:31:48 PM
Rank: Member

Joined: 9/2/2010
Posts: 845
the SACCO regulator SASRA includes some basic financials of all deposit taking SACCOs in Kenya in their annual industry report. it's basically assets and deposits but i'd think they can share more detailed financials if you ask them.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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murchr
#20 Posted : Saturday, March 09, 2019 7:48:35 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
There's a very nice program called American Greed by CNBC episodes are on YouTube. The station that will copy that program and Kenyanize it will have done mkenya a very big favour. This is a classic ponzi scheme.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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