I dont know if my memory serves me well but AGM FY16 they told members that 3000 of the monthly contributions will go towards a project (someone remember this?) How does that play here?

The Chairman informed delegates that the final and most critical strategic move is to raise Kshs.1.3b to construct three rental commercial buildings to increase our income from the current Kshs. 50m to Kshs.200m annually. He urged all to impress upon our members to contribute each the agreed additional share capital of Kshs.108,000 within the shortest time possible. (It had been proposed Kshs. 3,000 monthly for 36 months)

Major Planned Projects:
During the year 2018, the Society will endeavour to undertake the following major Projects:

• Kangundo Road Housing Project, which will entail construction of 327 units at an anticipated cost of Kshs 1.5 billion and expected income of Kshs300 million. This will be done through partnership with financiers and developers.

• Parklands Commercial building, which will involve construction of commercial/ residential units at an estimated cost of Ksh 600 million and expected income of Kshs 150 million This will also be implemented under joint venture arrangement.

• Pangani Heights, which will be implemented as joint venture with other investors, taking advantage of the Government’s low cost housing initiative.

Typical kenyan greedy gluttony behaviour. Hope Hajj can get hold of these greedy mongrels


The government will audit accounts of Stima Investment Co-operative following invitation by the society’s members.

The audit to be conducted by Nairobi principal co-operative officer Hesbon Kiura and Embu senior co-operative officer Charles Mugwika will look into management decisions executed by the current and past boards. A report is expected within the next one month.

Commissioner of Co-operatives Mary Mungai said her officers were at liberty to recommend surcharges or have any officer found culpable held criminally liable for actions they took on use of member funds during their time in office




https://www.businessdail...4738-i2vbnjz/index.html

Board ousted

Don't know but....

https://portal.stimainvestment.co.ke/

Yes Rita was let go but didn't explain what under what circumstances she was let go.

Dear our esteemed members,

We would like to bring to your attention that Rita Kiloo and Catherine Siele left Stima Investment to pursue other interests and they are no longer working with us. For any assistance kindly contacts us using our official channels below;



1. Stima Investment Cooperative Society Ltd,
P.O BOX 37895 ,00100 Nairobi,



2. Tel No: +254 709 495 000, +254 731 298 917



3. Email: customercare@stimainvestment.co.ke,



RNderitu@stimainvestment.co.ke, - (Business Development and Marketing Manager- Robert Nderitu)



EBruno@stimainvestment.co.ke, - (Senior Marketing Officer- Emmanuel Adungo Bruno)



4. Facebook, Twitter and YouTube- Stimainvestment





Kindly note that we do not accept cash payments in our office. To make any payment, kindly use the bank details below:

Bank: Co-operative bank

Branch: Stima Plaza branch

Account no: 011 2007 0889 200

Swift Code: KCOOKENA

Branch Code: 11035

OR

Stima Sacco Fosa Prime

Account no. 5-02-09277-00



OR



MPESA Paybill: 832500 , Account number is your ID/Passport number. Below are the instructions on how to go about it:



Mpesa payment guide;

Go to M-PESA , then Lipa na M-PESA

Go to Pqaybill option

Enter 832500 as the business number

For payment into Membership, Enter your ID No followed by the alphabet M, e.g. 123456M

For payment into shares, enter your ID No followed by the alphabet S, e.g. 123456S

For Payment into Land Account enter you ID No followed by the alphabet L, e.g. 123456L

Enter the amount you wish to deposit (between Ksh10 – Ksh70,000)

Enter your M-PESA PIN



Confirm details are correct and press OK!





Best Regards



Emmanuel Adungo Bruno,
Senior Marketing Officer,
Stima Investment Co op Society Ltd,
P.O BOX 37895 ,00100 Nairobi,

Tel No: +254709495116

cell:0722281901
Email: ebruno@stimainvestment.co.ke
Website: www.stimainvestment.co.ke

Our Philosophy......"You Invest, We multiply"

Did they every pay a dividend for last year?

Yes

I thought I was talking about SIC. No there was nothing last year