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The best sacco to join
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icecube
#81 Posted : Monday, July 07, 2014 9:27:20 AM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
mawinder wrote:
icecube wrote:
Is Safaricom Staff sacco open to members of the public who don't work in Safaricom? Not the Investment cooperative.

Yes!!!!!!


Thanks, I think I will join Safaricom Staff sacco, not the investment Cooperative. Anybody with info on the sacco and some of the benefits?
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shobiz
#82 Posted : Monday, July 07, 2014 2:58:41 PM
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Joined: 3/5/2008
Posts: 34
Location: Nairobi
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Jimmy Boy
#83 Posted : Thursday, July 17, 2014 7:54:17 PM
Rank: New-farer


Joined: 7/17/2014
Posts: 15
Location: Geneva
Join STIMA SACCO.... the 2nd largest sacco in Kenya....
Regards,
Jimmy Boy
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guru267
#84 Posted : Thursday, July 17, 2014 7:57:25 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Jimmy Boy wrote:
Join STIMA SACCO.... the 2nd largest sacco in Kenya....


What's the largest??
Mark 12:29
Deuteronomy 4:16
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Gathige
#85 Posted : Thursday, July 17, 2014 8:57:10 PM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
guru267 wrote:
Jimmy Boy wrote:
Join STIMA SACCO.... the 2nd largest sacco in Kenya....


What's the largest??



Harambee Sacco- Largest South of Sahara and North of Limpopo!
"Things that matter most must never be at the mercy of things that matter least." Goethe
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icecube
#86 Posted : Thursday, July 17, 2014 9:42:12 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
Gathige wrote:
guru267 wrote:
Jimmy Boy wrote:
Join STIMA SACCO.... the 2nd largest sacco in Kenya....


What's the largest??



Harambee Sacco- Largest South of Sahara and North of Limpopo!

Is bigger the better? What of service delivery? It may be too big to be efficient.
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Boris Boyka
#87 Posted : Friday, July 18, 2014 5:57:48 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Gathige wrote:
guru267 wrote:
Jimmy Boy wrote:
Join STIMA SACCO.... the 2nd largest sacco in Kenya....


What's the largest??



Harambee Sacco- Largest South of Sahara and North of Limpopo!

@gathige what is your basis I thought it's Mwalimu national ; total assets 24.5 B , membership about 57000 (that's why they had plans to apply for licensing as a bank). www.mobile.nation.co.ke/...l/-/wo072nz/-/index.html
then ukulima; total assets 7.5 B , 32000 membership www.ukulimasacco.coop/index.php/finance-news and others subsidiaries then hiyo kina afyia stima ardhi wanafuata. @gathige am a member there(ukulima ) and you? so far Mwalimu are giving a good dividend.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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mnandii
#88 Posted : Friday, July 18, 2014 7:10:47 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
It may be best to postpone joining a sacco (if you are not in one) for maybe a year. Also, it is important to know where your sacco has invested.

Jst my take.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Boris Boyka
#89 Posted : Friday, July 18, 2014 8:02:35 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
mnandii wrote:
It may be best to postpone joining a sacco (if you are not in one) for maybe a year. Also, it is important to know where your sacco has invested.

Jst my take.

@mnadii as usual try support the 1yr wait in your view or by rink . As for ministry related sacco's (Mwalimu ukulima afyia ardhi e.t.c) nearly all the money is loaned to members which is guaranteed safety but for the "kando" saccos indeed you have to know the management well and where they invest.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Techsoft
#90 Posted : Saturday, July 19, 2014 12:37:03 AM
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Joined: 7/19/2014
Posts: 2
Unaitas is a good bet here.
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Stract_Consulting
#91 Posted : Saturday, July 19, 2014 11:53:34 AM
Rank: New-farer


Joined: 6/3/2014
Posts: 58
Location: Nairobi
mnandii wrote:
It may be best to postpone joining a sacco (if you are not in one) for maybe a year. Also, it is important to know where your sacco has invested.

Jst my take.


You can view those regulated by SASRA here.
http://www.sasra.go.ke/regulation/licensed-saccos#.U8oxIpSSyHc

From here you can review their latest financial statements from their website and review which meets your requirements in terms of return on savings, Loan processing and governance, membership, their strategic plan etc....

All the best
Be ignorant and ask a few questions - Peter Drucker
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Othelo
#92 Posted : Saturday, July 19, 2014 2:08:18 PM
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Joined: 1/20/2014
Posts: 3,528
UN Sacco is the most efficient
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Stract_Consulting
#93 Posted : Tuesday, July 22, 2014 7:54:52 PM
Rank: New-farer


Joined: 6/3/2014
Posts: 58
Location: Nairobi
Othelo wrote:
UN Sacco is the most efficient


UNSACCO had decent returns too. For the year ending Dec 2013, they paid 20% dividend on share capital and 13.5% returns on deposits, that's a tidy sum.

Applause Applause Applause Applause
Be ignorant and ask a few questions - Peter Drucker
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icecube
#94 Posted : Tuesday, July 22, 2014 8:31:28 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi

I joined Stima Sacco today. I am sure I made the right decision.
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Chaka
#95 Posted : Tuesday, July 22, 2014 8:39:34 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
icecube wrote:

I joined Stima Sacco today. I am sure I made the right decision.

What was the dividend for 2013?
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icecube
#96 Posted : Tuesday, July 22, 2014 10:44:51 PM
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Joined: 1/2/2008
Posts: 268
Location: Nairobi
@Chaka 12%
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bird_man
#97 Posted : Wednesday, July 23, 2014 6:10:30 AM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Stract_Consulting wrote:
Othelo wrote:
UN Sacco is the most efficient


UNSACCO had decent returns too. For the year ending Dec 2013, they paid 20% dividend on share capital and 13.5% returns on deposits, that's a tidy sum.

Applause Applause Applause Applause

That is quite high!Are their loans at 15% per annum reducing balance?
Formally employed people often live their employers' dream & forget about their own.
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Boris Boyka
#98 Posted : Wednesday, July 23, 2014 7:15:02 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
bird_man wrote:
Stract_Consulting wrote:
Othelo wrote:
UN Sacco is the most efficient


UNSACCO had decent returns too. For the year ending Dec 2013, they paid 20% dividend on share capital and 13.5% returns on deposits, that's a tidy sum.

Applause Applause Applause Applause

That is quite high!Are their loans at 15% per annum reducing balance?

Or where do they invest their money?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Stract_Consulting
#99 Posted : Wednesday, July 23, 2014 8:42:09 AM
Rank: New-farer


Joined: 6/3/2014
Posts: 58
Location: Nairobi
Boris Boyka wrote:
bird_man wrote:
Stract_Consulting wrote:
Othelo wrote:
UN Sacco is the most efficient


UNSACCO had decent returns too. For the year ending Dec 2013, they paid 20% dividend on share capital and 13.5% returns on deposits, that's a tidy sum.

Applause Applause Applause Applause

That is quite high!Are their loans at 15% per annum reducing balance?

Or where do they invest their money?


For various loans they charge different rates. The lowest is 1.05% per month with the highest being 3% per month for FOSA advance loan or Festive season loans.

You can check their tariffs here

UN SACCO Tarrifs
Be ignorant and ask a few questions - Peter Drucker
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tkzee
#100 Posted : Wednesday, July 23, 2014 9:11:21 AM
Rank: Member


Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
bird_man wrote:
Stract_Consulting wrote:
Othelo wrote:
UN Sacco is the most efficient


UNSACCO had decent returns too. For the year ending Dec 2013, they paid 20% dividend on share capital and 13.5% returns on deposits, that's a tidy sum.

Applause Applause Applause Applause

That is quite high!Are their loans at 15% per annum reducing balance?


I couldn’t agree with you more!
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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