Why save in a sacco

[poyoloko]

@PERDITION

They don’t insure your shares , that’s why before joining a sacco you have to seek those with serious capital. The regulator SASRA is bought by the boards of these saccos to turn a blind eye on things which risk members deposits but nowadays saccos fear collapsing because they will loose all their members and tedious Court battles .
A small sacco can be a profitable bet provided it’s doesn’t get mismanaged. They offer competent dividends to capture a part of the market share . Business is all about risks chief .

Iko sawa basi. I have a few coins in one, I was thinking of increasing my saving past the 1m mark but naogopa. Nataka kutumia hio pesa soon on something I’ve been postponing so I chose to save for it in the said sacco.
I think as @Yuletapeli has stated above, the best bet is when you have their money, unaweza hata wapea title deed wakuongezee pesa so that if they collapse you still have their money

[PERDITION]

@poyoloko

Iko sawa basi. I have a few coins in one, I was thinking of increasing my saving past the 1m mark but naogopa. Nataka kutumia hio pesa soon on something I’ve been postponing so I chose to save for it in the said sacco.
I think as @Yuletapeli has stated above, the best bet is when you have their money, unaweza hata wapea title deed wakuongezee pesa so that if they collapse you still have their money

And saccos don’t hasten to harass members Incase of defaults or hardships compared to a bank. They can restructure your loans to meet your income Incase of financial turmoil.thats a wise move . Research your sacco from the key members and its delegates to know if it’s managed well.
N.b tips to know if your sacco is stable

1. Check the turnaround time for processing their loans .the shorter the more stable that sacco.
2. Try to talk to some members you meet in their fosa to check if they are ok with services offered. A personal survey of ten members you meet and 9 are okey with the sacco is a green light to save more .

[Trendy]

Some of the top SACCOS
Make sure you have at least 2 members as your friends before joining a Sacco.
https://co-opnews.co.ke/2022/08/05/top-10-wealthiest-saccos-in-kenya/#:~:text=60 billion in 2021.,billion in 2021 from Ksh41.

[Yuletapeli]

@PERDITION

They don’t insure your shares , that’s why before joining a sacco you have to seek those with serious capital. The regulator SASRA is bought by the boards of these saccos to turn a blind eye on things which risk members deposits but nowadays saccos fear collapsing because they will loose all their members and tedious Court battles .
A small sacco can be a profitable bet provided it’s doesn’t get mismanaged. They offer competent dividends to capture a part of the market share . Business is all about risks chief .

Suggest some good saccos from your personal experience…

[kryptony]

@Yuletapeli

Suggest some good saccos from your personal experience…

Stima Sacco is excellent

Nimekua member over five years na I have nothing but praise for their services. Shida Tu ni limited branch network but haina shida wako na mobile banking swafi. Overall nawapa 4.5 stars.

A close second is Imarisha Sacco

[Yuletapeli]

@kryptony

Stima Sacco is excellent

Nimekua member over five years na I have nothing but praise for their services. Shida Tu ni limited branch network but haina shida wako na mobile banking swafi. Overall nawapa 4.5 stars.

A close second is Imarisha Sacco

Nitatembea huko. Sandsana

[Stew_maker]

Stima sacco last year walipeana dividend ya 14%. Watu walikula msoori

[Kumbaffu]

@PERDITION

You can’t compare a sacco to a bank .
Benefits of saccos ;

1. Back office loans are offered at a reducing balance ,very beneficial to a common employee
2. It’s an avenue for saving. A watchman earning less than 30k per month can’t save cash in a bank
3. Flexible for money laundering especially viongoss , you inject shares worth millions pole pole bila kuulizwa maswali kama banks
4. Incase of demise some saccos refund twice your shares to your family. I know some which do that .
5. The shares earn your good dividends each year.
6. The more you invest in your sacco the more VIP you are treated compared to fuckin banks which before you become vip you need serious billions .
   NB , invest in 3tier saccos and above with capital of over 5 billions for security.

It seems you followed my advice.
Naona siku hizi ukona comments za maana.

[PERDITION]

@Kumbaffu

It seems you followed my advice.
Naona siku hizi ukona comments za maana.

Kichwa ikiruka Dio huwa naeda retard mode but since all urchins have decided to grow up who am i ?

[hakimoto]

@PERDITION

And saccos don’t hasten to harass members Incase of defaults or hardships compared to a bank. They can restructure your loans to meet your income Incase of financial turmoil.thats a wise move . Research your sacco from the key members and its delegates to know if it’s managed well.
N.b tips to know if your sacco is stable

1. Check the turnaround time for processing their loans .the shorter the more stable that sacco.
2. Try to talk to some members you meet in their fosa to check if they are ok with services offered. A personal survey of ten members you meet and 9 are okey with the sacco is a green light to save more .

Kumbe wewe sio illiterate

[PERDITION]

@hakimoto

Kumbe wewe sio illiterate

Mimi ni mkamba mjinga it’s an open secret

[Slim_fit]

@Longpole

Am a member of two Sacco’s and in both I have access to 300% loan against my shares. If you have shares worth 10,000 you get a loan limit of 30,000.

Great deal. Which sacco is this?