Shared Deposit Account

SHARE DEPOSIT ACCOUNT 

DESCRIPTION
  • This is a unit of ownership of the SACCO and members earn dividends on the same annually when declared.

 

  • The Share Capital is not withdraw-able but can be sold or transferred to an existing member upon one’s withdrawal from the SACCO.

 

  • The minimum share capital is Kshs.6, 000.00 or 300 shares of Kshs.20.00 each

Requirements

  • Original and copy of national ID or Passport

 

  • Passport photograph (taken at the branch)

 

  • Letter of introduction/Referee

BENEFITS

  • Become a Shareholder of a fast growing Sacco
  • Attractive dividends (previous rate 15%, 21%, 22%)
  • Minimum shares – Ksh 10,000 per member ( Payable in a maximum of five installments)
  • Maximum shares – 20% of total share capital
  • Shares are transferable to other members upon exit from the Sacco

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