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8 Pages«<678
The best sacco to join
Sir invest
#141 Posted : Wednesday, August 19, 2015 12:07:59 PM
Rank: New-farer


Joined: 8/19/2015
Posts: 90
heri wrote:
which sacco has been paying the highest cash dividends ?


Check Tower sacco 11-15%
iamReddington
#142 Posted : Thursday, September 10, 2015 1:03:47 PM
Rank: Hello


Joined: 9/10/2015
Posts: 1
Location: Nairobi
shalishali
#143 Posted : Thursday, March 09, 2017 3:12:53 PM
Rank: Member


Joined: 12/15/2009
Posts: 142
Location: Nairobi
Dear Wazuans please advise, I was a member of a sacco but left for another sacco 6years ago but was unable to sell my capital shares and still hold the share certificate. I have not received any dividend on the shares since then. Am I entitled to the yearly dividends on the shares?.
UKITAFUTA UKABILA UTAKUFA BILA!
Leo123
#144 Posted : Tuesday, June 20, 2017 10:51:55 AM
Rank: Hello


Joined: 6/20/2017
Posts: 1
Mombasa Port Sacco
mkeiy
#145 Posted : Tuesday, June 20, 2017 1:31:37 PM
Rank: Member


Joined: 1/27/2012
Posts: 851
Location: Nairobi
shalishali wrote:
Dear Wazuans please advise, I was a member of a sacco but left for another sacco 6years ago but was unable to sell my capital shares and still hold the share certificate. I have not received any dividend on the shares since then. Am I entitled to the yearly dividends on the shares?.



You should be getting dividends. Have you contacted them about that?
mmarto
#146 Posted : Thursday, May 03, 2018 11:27:00 AM
Rank: Member


Joined: 4/20/2010
Posts: 405
Location: nairobi
This is an old post and then the following SACCO's were regarded as the best at the time:
Mhasibu Sacco
muramati sacco
Stima SACCO
Kimisitu

Are they still good. Am looking for one to join.
The only time you should be looking down on others is when you are helping them up.
Stiffler
#147 Posted : Tuesday, May 08, 2018 9:52:43 PM
Rank: Member


Joined: 11/7/2017
Posts: 181
Location: Nairobi
Mhasibu AGM Resolutions;
1) Extension of the common bond to include other likeminded professionals (a policy will be crafted to guide the process)
2) Distribution of surplus – 8.25% interest on deposits and 20% dividends on share capital
3) Payment of Directors honoraria of KES 2,500,000
4) To retain the borrowing powers at KES 100 million
5) The Board to report to the members, within 6 months, the status and way forward regarding Mhasibu Properties Limited (MPL).
6) The Board to undertake the process of appointing a new External Auditor
whiteowl
#148 Posted : Wednesday, May 09, 2018 3:08:37 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,306
Location: Bohemian Grove
I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive.
Kenyan Oracle
#149 Posted : Thursday, May 31, 2018 7:38:20 PM
Rank: Member


Joined: 5/31/2011
Posts: 149
I might not comment on the best sacco to join but I can advice on the one to avoid at all cost. Kilele Sacco, Upperhill. The mother sacco to KUSCCO - imagine. Dividends were declared and passed in AGM in April and upto today some members are yet to receive and nobody seems to give any info. The officials there keep passing the buck and giving lame excuses. Getting a loan is like trying to get blood from a stone.
You lose money chasing women, but you never lose women chasing money - NAS
simonkabz
#150 Posted : Monday, June 04, 2018 11:37:31 AM
Rank: Elder


Joined: 3/2/2007
Posts: 8,715
Location: Cameroon
whiteowl wrote:
I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive.


Getting a loan from these fellas joh.........They deliberately misplace application forms. I'd run.....
TULIA.........UFUNZWE!
Ngogoyo
#151 Posted : Monday, June 04, 2018 2:12:52 PM
Rank: Member


Joined: 6/22/2011
Posts: 553
Location: House
simonkabz wrote:
whiteowl wrote:
I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive.


Getting a loan from these fellas joh.........They deliberately misplace application forms. I'd run.....


My governor has waited for 1yr for a loan that was approved to be credited. The cash flow issue will mess them up big time especially potential members will be afraid to join

ooh and they cant get your shares transferred to another sacco either!
thuks
#152 Posted : Monday, June 04, 2018 4:37:20 PM
Rank: Veteran


Joined: 10/8/2008
Posts: 1,479
Anyone with info on broadborder coop society?
I care!
whiteowl
#153 Posted : Friday, June 08, 2018 9:51:22 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,306
Location: Bohemian Grove
Ngogoyo wrote:
simonkabz wrote:
whiteowl wrote:
I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive.


Getting a loan from these fellas joh.........They deliberately misplace application forms. I'd run.....


My governor has waited for 1yr for a loan that was approved to be credited. The cash flow issue will mess them up big time especially potential members will be afraid to join

ooh and they cant get your shares transferred to another sacco either!


Their loan book is full of Nakumatt employees so that's where all the trouble started.Now that guys have panicked and withdrawn their funds I dont see them surviving.The recent collapse of banks and saccos doesnt inspire confindence so expect everybody to run when the first shot is fired.
simonkabz
#154 Posted : Monday, June 18, 2018 4:42:40 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,715
Location: Cameroon
whiteowl wrote:
Ngogoyo wrote:
simonkabz wrote:
whiteowl wrote:
I heard metropolitant sacco is having cash flow issues but SARSA gave them a clean bill of health.Looks like they might survive.


Getting a loan from these fellas joh.........They deliberately misplace application forms. I'd run.....


My governor has waited for 1yr for a loan that was approved to be credited. The cash flow issue will mess them up big time especially potential members will be afraid to join

ooh and they cant get your shares transferred to another sacco either!


Their loan book is full of Nakumatt employees so that's where all the trouble started.Now that guys have panicked and withdrawn their funds I dont see them surviving.The recent collapse of banks and saccos doesnt inspire confindence so expect everybody to run when the first shot is fired.


Wueh!
TULIA.........UFUNZWE!
simonkabz
#155 Posted : Monday, June 18, 2018 4:49:41 PM
Rank: Elder


Joined: 3/2/2007
Posts: 8,715
Location: Cameroon
https://www.nation.co.ke...96858-kiqa22/index.html

A few months old but very alarming. Iko shida ndani ya hii metropolitan.
TULIA.........UFUNZWE!
double
#156 Posted : Friday, February 22, 2019 2:09:58 PM
Rank: Hello


Joined: 2/14/2019
Posts: 2
Wendz wrote:
brightstar wrote:
Some years ago I resigned from the Sacco where I was a member. I applied for a refund of my shares but since a colleague who I had guaranteed a loan had defaulted on his loan repayment, my shares were held as security. The guy eventually cleared paying for the defaulted loan but now the Sacco has refused to pay me my shares back.
I have written to the Sacco officials but they don't bother to respond and the officials don't take my calls. Where can I get assistance. The Sacco is based in Nairobi. Thanks Wazuans.


Walk there, make a hell of a noise, threaten you are reporting them to the ministry of the Cooperatives and if they do not budge, make good your threat... chances are, they wont let you leave the door without a solution.

double
#157 Posted : Friday, February 22, 2019 3:26:08 PM
Rank: Hello


Joined: 2/14/2019
Posts: 2
Sacco's are under regulatory of SASRA, just vent your frustration with the sacco to .........
Ngogoyo
#158 Posted : Friday, February 22, 2019 5:15:34 PM
Rank: Member


Joined: 6/22/2011
Posts: 553
Location: House
double wrote:
Sacco's are under regulatory of SASRA, just vent your frustration with the sacco to .........


Shares are not refundable. They are ownership and form capital of the Sacco. The best one can do is sell/transfer to another member
Shak
#159 Posted : Wednesday, April 24, 2019 8:46:51 PM
Rank: Elder


Joined: 2/22/2009
Posts: 2,291
Location: Africa
The saga continues
simonkabz wrote:
https://www.nation.co.ke/news/Metropolitan-sacco-probed-over-cash-woes-/1056-4396858-kiqa22/index.html

A few months old but very alarming. Iko shida ndani ya hii metropolitan.

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