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The fundamental principle of a SACCO is mutual help- ‘Each for all and all for each’. Je, wewe ni member? #savings #loans @Kencreamsacco @LSKSacco @MaishaBoraSacco @DiasporaSaccoUS @comocosacco @SkySaccoLtd @BandariSACCO @MagerezaSacco @ImarikaSacco @BingwaSaccoKe @dimkessacco https://t.co/tN04jZ3tGA
Share Capital Savings
This represents a member’s portion of equity in the society.Each Member must own the minimum Share Capital of 15,000.Shares are not refundable or assignable as collateral for a loan but a member may transfer his her shares to other members.This is an excellent account for long term savings with attractive dividends.
Share Capital Benefits
There are a couple of benefits attached to kencream SACCO’s share capital as outlined below.
This is an excellent account for long term savings with attractive dividends.
Members are allowed to transfer their shares to other members.
One is entitled to receive a dividend from Kencream SACCO as one of the main sources of your return on investment.