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SACCO's end year results - Dividend Rates comparison
Rank: New-farer Joined: 4/12/2011 Posts: 72 Location: kenya
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the UN SACCO paid out 15%
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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benjackie wrote:the UN SACCO paid out 15% Woah! That's high. These guys should start paying taxes.
BBI will solve it :)
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Rank: Member Joined: 6/22/2011 Posts: 561 Location: House
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Mhasibu declared what percentage for 2012%
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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Za 2013? M sure many Saccos have had their AGM's or are just about to. Kenya-Re: (Year ending 2013). On Shares - 8 pc. On Deposits - 10pc.
Life is joy, death is peace, but the transition is very difficult.
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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On shares 50% On deposits 11.5% Someone beat that.   Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Member Joined: 1/25/2010 Posts: 344
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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Balozi. Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Any word on Harambee? A couple of years back the management used to take loans n hoodwink us members with a 6% "dividend"...kumbe ni pesa ya loan!. What a bunch of clowns! They were seriously embezzling deposits! When crap hit the fan a would-be whistle blower was murdered n parliament got wind of it....then, allegedly the sacco SUDDENLY recovered after a shortlived probe. Such fellows should be executed in public! TULIA.........UFUNZWE!
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Rank: New-farer Joined: 6/27/2011 Posts: 63
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Had to check this out- the 50% part. I think the share capital is a very small component of what members have. Compare this against members deposits which is what is attracting 11.5%. Financial highlights shs. Share capital 5,518,409 Members deposit 1,423,940,284 http://www.balozicoop.co...ipdf/AccountsFY2013.pdf
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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guru me wrote:Had to check this out- the 50% part. I think the share capital is a very small component of what members have. Compare this against members deposits which is what is attracting 11.5%. Financial highlights shs. Share capital 5,518,409 Members deposit 1,423,940,284 http://www.balozicoop.co...ipdf/AccountsFY2013.pdf
thought so as well. but such is the case with many saccos anyway.
Life is joy, death is peace, but the transition is very difficult.
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Rank: Veteran Joined: 5/11/2010 Posts: 918
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webish wrote:guru me wrote:Had to check this out- the 50% part. I think the share capital is a very small component of what members have. Compare this against members deposits which is what is attracting 11.5%. Financial highlights shs. Share capital 5,518,409 Members deposit 1,423,940,284 http://www.balozicoop.co...ipdf/AccountsFY2013.pdf
thought so as well. but such is the case with many saccos anyway. You're right. Most people hold the required minimum of KES 2000. Still, the performance was relatively impressive. Learn first to treat your time as you would your money, then treat your money as you do your time.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Safaricom Investment Cooperative will be holding their AGM on 27th Feb
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Rank: New-farer Joined: 4/4/2011 Posts: 94 Location: Nairobi
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The optimist wrote:Safaricom Investment Cooperative will be holding their AGM on 27th Feb Waiting for my 40% return..... 
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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The optimist wrote:Safaricom Investment Cooperative will be holding their AGM on 27th Feb The 'mother' aka safcom sacco will be having theirs on Feb 22nd. 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: New-farer Joined: 7/18/2012 Posts: 76
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mchawi wrote:The optimist wrote:Safaricom Investment Cooperative will be holding their AGM on 27th Feb Waiting for my 40% return..... Niko ndani
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Ukulima were to have AGM yesterday what's the div on members shares? what of the others ;harambee,afyia,mwalimu,ardhi.............. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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http://www.nation.co.ke/.../-/wxgsq5z/-/index.html
Mwalimu Sacco 11% ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Ukulima 10 % on shares 8 % on deposits Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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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 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: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 Be ignorant and ask a few questions - Peter Drucker
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SACCO's end year results - Dividend Rates comparison
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