The sacco dividends range between 10% and 15% per share.Below are the important details for the sacco:
MEMBER SAVINGS
- Deposits – Member Deposit is mandatory for every member of the society. The minimum monthly contribution is Ksh 1000/= while maximum is infinite.
- Benefits – Member benefit from the savings interms of borrowing, annual dividends and any other benefit that may arise.
ANNUAL DIVIDENDS
- These are benefits realised annually from the Sacco’s net income.
- It is paid every year to all members, on a pro-rata basis to every indiviudual’s savings
(The more you save, the more the dividends and vice-versa).
LOANS
Normal Loan
- ~ This is a long term loan, repaid within 60 months
- ~ This loan is 3 times the shares a member holds in the sacco
- ~ Attracts an Interest rate of 12% per annum
- ~ 10% interest penalty is charged when a loan is offset before the 5 years.
- ~ A top-up is only allowed when a member has an outstanding loan balance of not more than Ksh. 8,000,000/=
Branch office
Next to Kajiado County Assembly
+254 794 681060
sacco.olkaunsel@gmail.com
P.O Box 540 – 01100 Kajiado
