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SACCO's end year results - Dividend Rates comparison
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Stract_Consulting wrote:Boris Boyka wrote:Excerpts of Financials from Ukulima sacco.
1. Total Assets. 7,321,315,578
2. Members Deposits. 5,514,465,939
3. Loans and Advances to Members. 5,624,702,557
4. Investments. 25,711,632
5. Core Capital. 450,590,326
6. Share capital. 247,081,489
7. Institutional capital. 203,508,838
8. Total Revenue. 798,396,268
9. Total Interest Income. 713,834,920
Anyone explain to me no. 4,5,6 & 7. and their sources as I understand
Share capital = Represents your ownership of the SACCO, It is not withdrable, if you decide on leaving the SACCO you have to transfer/sell them to someone else. The share-capital
takes care of the infrastructure like seats,
computers, cars, buildings, etc.
Deposits = Money that you demand and is paid back to you within the limits stated on the by-laws of the SACCO when you decide on leaving the SACCO. Membership is about 32000 and the shares per person is 5000/- (it was raised from 2000/-)
Thanks 4. Investments. 25,711,632 - - Refers to investment held by a sacco for example shares bought from NSE listed companies or others such as shares held with KUSCO 5. Core Capital. 450,590,326 - This is the sum of share capital and institutional capital 6. Share capital. 247,081,489 Is as you have described above. 7. Institutional capital. 203,508,838 - Institutional capital is basically accumulated reserves from retained earnings that no member of the SACCO can claim Thanks @Stract. one more so who claims the institutional capital given the share capital caters for the things I mentioned above? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 6/3/2014 Posts: 58 Location: Nairobi
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Boris Boyka wrote:Stract_Consulting wrote:Boris Boyka wrote:Excerpts of Financials from Ukulima sacco.
1. Total Assets. 7,321,315,578
2. Members Deposits. 5,514,465,939
3. Loans and Advances to Members. 5,624,702,557
4. Investments. 25,711,632
5. Core Capital. 450,590,326
6. Share capital. 247,081,489
7. Institutional capital. 203,508,838
8. Total Revenue. 798,396,268
9. Total Interest Income. 713,834,920
Anyone explain to me no. 4,5,6 & 7. and their sources as I understand
Share capital = Represents your ownership of the SACCO, It is not withdrable, if you decide on leaving the SACCO you have to transfer/sell them to someone else. The share-capital
takes care of the infrastructure like seats,
computers, cars, buildings, etc.
Deposits = Money that you demand and is paid back to you within the limits stated on the by-laws of the SACCO when you decide on leaving the SACCO. Membership is about 32000 and the shares per person is 5000/- (it was raised from 2000/-)
Thanks 4. Investments. 25,711,632 - - Refers to investment held by a sacco for example shares bought from NSE listed companies or others such as shares held with KUSCO 5. Core Capital. 450,590,326 - This is the sum of share capital and institutional capital 6. Share capital. 247,081,489 Is as you have described above. 7. Institutional capital. 203,508,838 - Institutional capital is basically accumulated reserves from retained earnings that no member of the SACCO can claim Thanks @Stract. one more so who claims the institutional capital given the share capital caters for the things I mentioned above? No one claim to it directly. However,as members who own the SACCO, they cumulatively own it. Look at it this way, this was profits that instead of it being paid out to members as dividends or interest, it was retained to assist the SACCO to carry out finance its operations such as open a new branch. Be ignorant and ask a few questions - Peter Drucker
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Rank: Member Joined: 10/11/2011 Posts: 110 Location: Kenya
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Stima Sacco returned 12% on shares and 11% on savings for 2013. Have done exactly that the last three years. Great performance for members' investment.
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Rank: Hello Joined: 9/28/2011 Posts: 5 Location: Nairobi
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wajuguna wrote:Stima Sacco returned 12% on shares and 11% on savings for 2013. Have done exactly that the last three years. Great performance for members' investment. It is that time of the year again, AGMs all over the place. Lets share the info on dividends and see which Saccos/Investment Companies are giving their members value for money. Kimisitu Sacco had their AGM yesterday and maintained dividends on member deposits at 10.5%  (same as last year). Dividends declared on share capital is 40% but 100% of this to be capitalized - this is to meet SASRA regulations since they plan to start a FOSA.
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Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi
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UN Sacco 20% on share capital and 10% on savings Lord, thank you!
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Kenya bankers sacco anyone? @Banker? 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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Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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UN Sacco-10% interest on deposits & 20% Dividends ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: New-farer Joined: 10/13/2014 Posts: 28
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Stima's AGM is on 10th April 2015
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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KondooEconomist wrote:Stima's AGM is on 10th April 2015 EMPLOYEES in the energy sector are eyeing lucrative multi-million power generation projects, with Stima Investment Cooperative Society announcing plans to buy 40 per cent stake in a local wind power project. Stima whose asset portfolio is dominated by real estate properties, yesterday embarked on raising Sh240 million to acquire part of Oldonyat Wind Power Project located in Ngong Hills. Each interested member will contribute a minimum of Sh35,000 to buy shares in the project estimated at Sh600 million. - See more at: http://www.the-star.co.k...irm#sthash.lI2msWkT.dpuf"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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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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How did Stima Sacco perform financially in 2014 now that the date of the AGM is already out Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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Mwalimu Sacco 11.15% on deposits ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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UNAITAS pays 8% of Investment Shares Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Safaricom Sacco The AGM will be held on Feb 20th. Interest on members’ deposits-weighted average = 9% Dividends rate on share capital (weighted average)= 12% 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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Rank: User Joined: 1/20/2014 Posts: 3,528
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Kenya Bankers approx 7.5% .... classified in my books as thieves Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Hello Joined: 10/31/2015 Posts: 3 Location: Nairobi
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Kimisitu Sacco: 10.5% on deposits and 40% on shares (same great rates as last year)! AGM on 27th Feb 2016 at St. Andrew's Church Hall starting 0830 hrs EAT.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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United Women Sacco shares @16.50% 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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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Angelica _ann wrote:United Women Sacco shares @16.50% Really? Kwani what rates do they lend at?
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Rank: Member Joined: 8/19/2015 Posts: 124
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Thats even kidogo some saccos are giving 14%-20% on shares and 12% on deposits.
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Rank: New-farer Joined: 6/3/2014 Posts: 58 Location: Nairobi
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Sir invest wrote:Thats even kidogo some saccos are giving 14%-20% on shares and 12% on deposits. SACCOs interest on deposits, will probably not exceed 12% as this is the rate they charge for loans and therefore is unsustainable. If you want to compare all the deposit taking SACCOs on other financial information check here Be ignorant and ask a few questions - Peter Drucker
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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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. Formally employed people often live their employers' dream & forget about their own.
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SACCO's end year results - Dividend Rates comparison
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