This is a unit of ownership of the SACCO and members earn dividends on the same annually when declared. The Share Capital is not withdrawable but can be sold or transferred to an existing member upon one’s withdrawal from the SACCO. The minimum share capital is Kshs.20, 000.00 or 1000 shares of Kshs.20.00 each.
Reasons why a member should have a Share Capital account:
- To drive the SACCO business.
- To meet the SASRA requirements that is the Institutional Capital.
- It’s a long term investment with annual return.
Members who have not attained this new minimum threshold should strive to do so at the earliest opportunity through the following means:
- Mpesa PayBill.
- Standing Order.
- Cash Payment to the society.
- Check-off System
- Deduction of approved loans.
