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SACCO's end year results - Dividend Rates comparison
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Coolio
#31 Posted : Sunday, April 21, 2013 7:08:00 PM
Rank: Elder

Joined: 10/28/2008
Posts: 2,276
Location: Kibish
Kenya Police dividends 9.5 not sure about share deposits.
Nadondosha meli kubwa seuze ngalawa!
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Gordon Gekko
#32 Posted : Sunday, April 21, 2013 7:25:33 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
bird_man wrote:
It is generally unsustainable for a sacco to give dividends at above 12% sinnce that is the interest rate they apply on loans.So you sometimes find that some are (1)borrowing loans to pay dividend (2)depleting their general reserves to pay dividends.

I sometimes also feel that the main aim of joining your sacco is to get a loan to fund your own serious investments instead of celebrating those dividends received.


Quite sustainable if you run a product called FOSA, which is another name for shylock.
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jerry
#33 Posted : Sunday, April 21, 2013 11:21:53 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
gatoho wrote:
BGL wrote:
Year ended 2012
Safaricom Sacco AGM is on today 23.02.2013
Dividend on Shares: 12% down from 20%
Deposits: 10% up from 9%



MURAMATI?

Why do we seem to be celebrating high dividend rates by SACCOs? They are Savings and Credit Cooperatives! Or we add D for Dividends to form SACCODs! What we should aim at in a SACCO is alternative source of cheap and easily accessible credit. Alternative to:BANKS.
The opposite of courage is not cowardice, it's conformity.
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Ngogoyo
#34 Posted : Monday, April 22, 2013 10:28:04 AM
Rank: Member

Joined: 6/22/2011
Posts: 561
Location: House
Mhasibu planned AGM on saturday 27th April. Watawesmake >12 dvd on shares and capital?
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bird_man
#35 Posted : Monday, April 22, 2013 12:18:24 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
jerry wrote:
gatoho wrote:
BGL wrote:
Year ended 2012
Safaricom Sacco AGM is on today 23.02.2013
Dividend on Shares: 12% down from 20%
Deposits: 10% up from 9%



MURAMATI?

Why do we seem to be celebrating high dividend rates by SACCOs? They are Savings and Credit Cooperatives! Or we add D for Dividends to form SACCODs! What we should aim at in a SACCO is alternative source of cheap and easily accessible credit. Alternative to:BANKS.


@Jerry Ditto!
People here are celebrating very little money.You can imagine saving 400K & at the end of the year all you get is 48K.What you should celebrate is being able to get a loan of 1.2Million at a cheap rate & starting a project that can earn you the same 48K per MONTH!
Formally employed people often live their employers' dream & forget about their own.
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hobbit
#36 Posted : Monday, April 22, 2013 12:58:21 PM
Rank: New-farer

Joined: 5/25/2011
Posts: 88


MURAMATI?[/quote]
Why do we seem to be celebrating high dividend rates by SACCOs? They are Savings and Credit Cooperatives! Or we add D for Dividends to form SACCODs! What we should aim at in a SACCO is alternative source of cheap and easily accessible credit. Alternative to:BANKS. [/quote]

@Jerry Ditto!
People here are celebrating very little money.You can imagine saving 400K & at the end of the year all you get is 48K.What you should celebrate is being able to get a loan of 1.2Million at a cheap rate & starting a project that can earn you the same 48K per MONTH![/quote]

Ditto!!
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BGL
#37 Posted : Monday, April 22, 2013 3:42:03 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
bird_man wrote:
jerry wrote:
gatoho wrote:
BGL wrote:
Year ended 2012
Safaricom Sacco AGM is on today 23.02.2013
Dividend on Shares: 12% down from 20%
Deposits: 10% up from 9%



MURAMATI?

Why do we seem to be celebrating high dividend rates by SACCOs? They are Savings and Credit Cooperatives! Or we add D for Dividends to form SACCODs! What we should aim at in a SACCO is alternative source of cheap and easily accessible credit. Alternative to:BANKS.


@Jerry Ditto!
People here are celebrating very little money.You can imagine saving 400K & at the end of the year all you get is 48K.What you should celebrate is being able to get a loan of 1.2Million at a cheap rate & starting a project that can earn you the same 48K per MONTH!


@bird man
You have such a defeatist mentality. Please ignore posting on subjects that you do not understand. 12% yield is significant in all aspects.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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bird_man
#38 Posted : Monday, April 22, 2013 10:25:40 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
@BGL no need for name calling.
I might even understand Saccos more than you do.All that I'm saying is that people should focus more on the cost of the cheap loans offered by Saccos as opposed to "high" dividend rates.
While 12%p.a for you is significant......I once took a loan of less than 1M from the Sacco & my partner & I started a business that makes over 3 times the annual dividend such savings make me....only that we now make such profits monthly!.To me, that is what a Sacco is all about....not waiting for paltry amounts at the end of the year in the name of dividend.
Getting cheap deals on land is cool too.
Formally employed people often live their employers' dream & forget about their own.
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  | | Edit by user: Monday, April 22, 2013 10:56 PM | Reason: Not specified
BGL
#39 Posted : Monday, April 22, 2013 11:42:33 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
bird_man wrote:
@BGL no need for name calling.
I might even understand Saccos more than you do.All that I'm saying is that people should focus more on the cost of the cheap loans offered by Saccos as opposed to "high" dividend rates.
While 12%p.a for you is significant......I once took a loan of less than 1M from the Sacco & my partner & I started a business that makes over 3 times the annual dividend such savings make me....only that we now make such profits monthly!.To me, that is what a Sacco is all about....not waiting for paltry amounts at the end of the year in the name of dividend.
Getting cheap deals on land is cool too.


Do you still want a response?
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Mukiri
#40 Posted : Wednesday, April 24, 2013 1:01:22 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
bird_man wrote:
@BGL no need for name calling.
I might even understand Saccos more than you do.All that I'm saying is that people should focus more on the cost of the cheap loans offered by Saccos as opposed to "high" dividend rates.
While 12%p.a for you is significant......I once took a loan of less than 1M from the Sacco & my partner & I started a business that makes over 3 times the annual dividend such savings make me....only that we now make such profits monthly!.To me, that is what a Sacco is all about....not waiting for paltry amounts at the end of the year in the name of dividend.
Getting cheap deals on land is cool too.

I agree on focus... There is more personal growth in cheaper loans than in annual dividends.

Thats said, there is no harm in a higher yield. Just like land deals, dividend yields are a plus.

Dividend yields also say something about a SACCO. More often than not, a high yielding SACCO has more projects, has affordable and accessible loans, a healthy member base, checks and balances in place etc. So if you want your cheaper loan and additional perks, a high yielding SACCO is more likely to give it to you.

Proverbs 19:21
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  | | Edit by user: Wednesday, April 24, 2013 1:02 PM | Reason: Not specified
benjackie
#41 Posted : Tuesday, April 30, 2013 2:27:56 PM
Rank: New-farer

Joined: 4/12/2011
Posts: 73
Location: kenya
the UN SACCO paid out 15%
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2012
#42 Posted : Wednesday, May 08, 2013 2:34:50 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
benjackie wrote:
the UN SACCO paid out 15%


Woah! That's high. These guys should start paying taxes.

BBI will solve it :)
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Ngogoyo
#43 Posted : Wednesday, August 14, 2013 4:49:38 PM
Rank: Member

Joined: 6/22/2011
Posts: 561
Location: House
Mhasibu declared what percentage for 2012%
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webish
#44 Posted : Tuesday, February 04, 2014 9:23:40 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Za 2013? M sure many Saccos have had their AGM's or are just about to.

Kenya-Re: (Year ending 2013).

On Shares - 8 pc.
On Deposits - 10pc.

Life is joy, death is peace, but the transition is very difficult.
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seppuku
#45 Posted : Tuesday, February 04, 2014 10:10:08 AM
Rank: Veteran

Joined: 5/11/2010
Posts: 918
On shares 50%

On deposits 11.5%

Someone beat that.

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Learn first to treat your time as you would your money, then treat your money as you do your time.
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