Never buy anything you are not comfortable with.

The concerns raised about the bonus are valid and it shouldn't recur. But I think we are now losing focus on the investment. eg. not being able to sell is a rule that was there before we joined and is rule In other saccos as well. keep the eye on the prize, nothing here should prevent a serious investor from holding on and investing more

I agree with what you are saying but this founder bonus maneno (and the fact it MAY happen again as this is Kenya) needs to be done with. I can tell most of us are not founder members so what can/should we do apart from just investing?

i like that observation about many clients/customers. But is that true of the branch at Cardinal Otunga plaza? i have been there several times and find it empty

@ MaichBlack

My view is that the Unitas matter is just hot air, other than good marketing, branding and a colorful website, there is nothing so outstanding to warrant the "next big thing tag". Visit a branch and you realize that they are just a traditional cooperative.

A few years back,Family Bank was cheered as the next Equity and the people who bought are still waiting.

Note that the share capital of Unitas has been increasing faster than the loan book, i.e people buying shares faster than the underlying business of loans ( Review the financials for 3 yrs and make your conclusion). My experience is that when you are so many you rarely make money.

Finally the capital is locked until they transform and do an IPO ( If it will ever happen), my view is that there are better opportunities e.g Safaricom investments sacco where you make a decent return now and not hope for transformation and listing .