Wazua
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The best sacco to join
Rank: Member Joined: 6/22/2011 Posts: 561 Location: House
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simonkabz wrote:whiteowl wrote:I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive. Getting a loan from these fellas joh.........They deliberately misplace application forms. I'd run..... My governor has waited for 1yr for a loan that was approved to be credited. The cash flow issue will mess them up big time especially potential members will be afraid to join ooh and they cant get your shares transferred to another sacco either!
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Rank: Veteran Joined: 10/8/2008 Posts: 1,575
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Anyone with info on broadborder coop society? I care!
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Ngogoyo wrote:simonkabz wrote:whiteowl wrote:I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive. Getting a loan from these fellas joh.........They deliberately misplace application forms. I'd run..... My governor has waited for 1yr for a loan that was approved to be credited. The cash flow issue will mess them up big time especially potential members will be afraid to join ooh and they cant get your shares transferred to another sacco either! Their loan book is full of Nakumatt employees so that's where all the trouble started.Now that guys have panicked and withdrawn their funds I dont see them surviving.The recent collapse of banks and saccos doesnt inspire confindence so expect everybody to run when the first shot is fired.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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whiteowl wrote:Ngogoyo wrote:simonkabz wrote:whiteowl wrote:I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive. Getting a loan from these fellas joh.........They deliberately misplace application forms. I'd run..... My governor has waited for 1yr for a loan that was approved to be credited. The cash flow issue will mess them up big time especially potential members will be afraid to join ooh and they cant get your shares transferred to another sacco either! Their loan book is full of Nakumatt employees so that's where all the trouble started.Now that guys have panicked and withdrawn their funds I dont see them surviving.The recent collapse of banks and saccos doesnt inspire confindence so expect everybody to run when the first shot is fired. Wueh! TULIA.........UFUNZWE!
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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https://www.nation.co.ke...96858-kiqa22/index.html
A few months old but very alarming. Iko shida ndani ya hii metropolitan. TULIA.........UFUNZWE!
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Rank: Hello Joined: 2/14/2019 Posts: 2
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Wendz wrote:brightstar wrote:Some years ago I resigned from the Sacco where I was a member. I applied for a refund of my shares but since a colleague who I had guaranteed a loan had defaulted on his loan repayment, my shares were held as security. The guy eventually cleared paying for the defaulted loan but now the Sacco has refused to pay me my shares back.
I have written to the Sacco officials but they don't bother to respond and the officials don't take my calls. Where can I get assistance. The Sacco is based in Nairobi. Thanks Wazuans. Walk there, make a hell of a noise, threaten you are reporting them to the ministry of the Cooperatives and if they do not budge, make good your threat... chances are, they wont let you leave the door without a solution.
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Rank: Hello Joined: 2/14/2019 Posts: 2
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Sacco's are under regulatory of SASRA, just vent your frustration with the sacco to .........
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Rank: Member Joined: 6/22/2011 Posts: 561 Location: House
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double wrote: Sacco's are under regulatory of SASRA, just vent your frustration with the sacco to ......... Shares are not refundable. They are ownership and form capital of the Sacco. The best one can do is sell/transfer to another member
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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The saga continuessimonkabz wrote:https://www.nation.co.ke/news/Metropolitan-sacco-probed-over-cash-woes-/1056-4396858-kiqa22/index.html
A few months old but very alarming. Iko shida ndani ya hii metropolitan.
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Rank: Member Joined: 8/19/2015 Posts: 125
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Tower Sacco 2021 AGM highest dividend payer
lucky are the shareholders. link.......https://youtu.be/JyGHFBAbkVk
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