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Ekeza savings and credit Sacco
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smartbull
#1 Posted : Monday, June 27, 2016 6:20:37 PM
Rank: New-farer

Joined: 6/27/2016
Posts: 12
Location: Nairobi
I recently opened an account with Ekeza Sacco with the aim of them financing a property purchase come development project, my concerns are how stable are they and what happens if they go under and the have already financed the project but am yet to complete the installments.
Where can one get the real financial health of the sacco?
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maka
#2 Posted : Monday, June 27, 2016 6:24:15 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
smartbull wrote:
I recently opened an account with Ekeza Sacco with the aim of them financing a property purchase come development project, my concerns are how stable are they and what happens if they go under and the have already financed the project but am yet to complete the installments.
Where can one get the real financial health of the sacco?


Why did you put money first ...then now start researching on their financial health?Putting the cart before the horse...
possunt quia posse videntur
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Spikes
#3 Posted : Monday, June 27, 2016 6:24:43 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
smartbull wrote:
I recently opened an account with Ekeza Sacco with the aim of them financing a property purchase come development project, my concerns are how stable are they and what happens if they go under and the have already financed the project but am yet to complete the installments.
Where can one get the real financial health of the sacco?



Stima Sacco is fundamentally strong!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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whiteowl
#4 Posted : Monday, June 27, 2016 9:58:00 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
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.
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Ebenyo
#5 Posted : Monday, June 27, 2016 10:35:21 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Do they have a website? Try find their latest financial results.Check their balance sheet carefully.
Towards the goal of financial freedom
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smartbull
#6 Posted : Tuesday, June 28, 2016 10:39:30 AM
Rank: New-farer

Joined: 6/27/2016
Posts: 12
Location: Nairobi
That's the thing the do not have a website making it hard to get their financials, I did the registration and decided to get more info about the company before putting in more money to purchase the property I had in mind.
Am shopping around for the best way to finance a property purchase in the range of 2.5M some area around Kamakis.
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kenyariri
#7 Posted : Tuesday, June 28, 2016 11:47:25 AM
Rank: New-farer

Joined: 11/23/2011
Posts: 15
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
Sophisticated investors ignore the noise and concentrate on the intrinsic value of an asset
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maka
#8 Posted : Tuesday, June 28, 2016 11:48:42 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
smartbull wrote:
That's the thing the do not have a website making it hard to get their financials, I did the registration and decided to get more info about the company before putting in more money to purchase the property I had in mind.
Am shopping around for the best way to finance a property purchase in the range of 2.5M some area around Kamakis.




Safaricom sacco
possunt quia posse videntur
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Ethiteri
#9 Posted : Thursday, June 30, 2016 6:08:50 PM
Rank: Member

Joined: 2/4/2016
Posts: 175
Location: Global
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.
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Museveni
#10 Posted : Tuesday, April 04, 2017 3:36:36 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
Live and learn; and don’t forget, nothing ventured, nothing gained.
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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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