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The best sacco to join
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OWAKWABI
#61 Posted : Thursday, March 07, 2013 10:36:50 AM
Rank: Hello

Joined: 3/7/2013
Posts: 1
Location: NAIROBI
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.


Hey? You should report the matter to the Ministry of Co- operatives, they should be able to assist you. If not, you can go to KUSCCO limited and ask for the Advocacy department or the Senior regional manager, Nairobi...this is assuming the SACCO is in Nairobi.

Mhasibu SACCO is good. Tried and tested. They are small (benefit of efficiency) and very large in terms of liquidity. It is also VERY well managed.

Starting a SACCO is a good idea but we will need a lot of time on our hands to meet and familiarize, because a lot of SACCO dealings are based on trust before they are based on proper systems.

Am new. I just joined for advice on Shares and Stocks. I want to buy some.
smile
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mawinder
#62 Posted : Thursday, March 07, 2013 11:54:08 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
OWAKWABI 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.


Hey? You should report the matter to the Ministry of Co- operatives, they should be able to assist you. If not, you can go to KUSCCO limited and ask for the Advocacy department or the Senior regional manager, Nairobi...this is assuming the SACCO is in Nairobi.

Mhasibu SACCO is good. Tried and tested. They are small (benefit of efficiency) and very large in terms of liquidity. It is also VERY well managed.

Starting a SACCO is a good idea but we will need a lot of time on our hands to meet and familiarize, because a lot of SACCO dealings are based on trust before they are based on proper systems.

Am new. I just joined for advice on Shares and Stocks. I want to buy some.
smile

Just curious,are you a Sukari sacco member?
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jerry
#63 Posted : Thursday, March 07, 2013 12:34:18 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
If KUSCCO fails to resolve dispute btn member and SACCO you have one more option. It`s coop tribunal.
The opposite of courage is not cowardice, it's conformity.
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washiku
#64 Posted : Friday, April 12, 2013 10:51:09 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
By the way can someone be a member of more than one sacco? As in is it legal?
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famooz
#65 Posted : Monday, April 15, 2013 7:34:34 AM
Rank: Elder

Joined: 11/19/2007
Posts: 2,047
FINNLEMM Sacco is good.However,you have to be a staff of NGO,INGO or diplomatic mission.
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Mjasirii
#66 Posted : Wednesday, May 15, 2013 10:58:39 AM
Rank: Member

Joined: 11/8/2012
Posts: 257
famooz wrote:
FINNLEMM Sacco is good.However,you have to be a staff of NGO,INGO or diplomatic mission.


What happens if you leave the NGO/INGO world.Do you seize to be a member?
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mawinder
#67 Posted : Wednesday, May 15, 2013 1:36:13 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Mjasirii wrote:
famooz wrote:
FINNLEMM Sacco is good.However,you have to be a staff of NGO,INGO or diplomatic mission.


What happens if you leave the NGO/INGO world.Do you seize to be a member?

Your English,you don't know cease?
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Museveni
#68 Posted : Wednesday, May 15, 2013 2:28:26 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
washiku wrote:
By the way can someone be a member of more than one sacco? As in is it legal?



Is it against the law to operate two savings accounts in different banks ?

But unless you have 'exceeded' the deposit maximum allowed amounts per one sacco, one good one should cater for your saving goals quite well.

Live and learn; and don’t forget, nothing ventured, nothing gained.
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For Sport
#69 Posted : Wednesday, May 15, 2013 2:42:28 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
washiku wrote:
By the way can someone be a member of more than one sacco? As in is it legal?


From the Cooperative Societies Act


18. No person shall be a member of more than one co-operative society, with unlimited liability and, no person shall be a member of more than one co- operative society having the same or similar objects;

Provided that a person who;-

(i) is a member of a co-operative society; and

(ii) carries on business on land or at premises outside the area of operation of that co-operative society;

may be a member of a co-operative society in whose area of operation that land or those premises are situate, notwithstanding that its objects are the same as or similar to those of the first-mentioned society.
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carygoh
#70 Posted : Friday, June 07, 2013 1:49:23 PM
Rank: Elder

Joined: 5/4/2008
Posts: 1,703
.
Think Positive Test Negative
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