What is the minimum share capital for Stima Sacco?
Ksh25,000
At Stima Sacco, the share capital is Ksh25,000 for individuals. It is a similar amount for those opening joint accounts. Companies that join the Sacco are required to pay Ksh50,000 in share capital.
How much is it to join Stima Sacco?
Pay a registration of Ksh 500 and contribute a monthly deposit contribution of Ksh 5,000. Upon registration, a company will be required to contribute a share capital of Ksh 50,000.
How do I buy shares in Stima Sacco?
Q: How do I become a member? A:By filling in a membership form and paying a membership fee of Kshs. 5000 The form can be downloaded from our website. Membership fee is payable upfront and one can pay either through the Bank, Sacco or Mpesa You will also be required to buy 300 shares of Kshs.
How do you open a Stima Sacco?
Members Online Registration
- The minimum share application is 300 share at Kshs 200 each totaling to Kshs 60, 000.
- Each new member must register with Kshs 5, 000.
- All payments must be receipted by Stima Investment and an official receipt issued.
- I confirm I have read and will abide with the Society By-Laws.
Which Sacco has the highest dividends in Kenya?
List: Saccos paying the highest dividends, rebates
| DT SACCO | DIVIDENDS (%) |
|---|---|
| Kenya National Police DT Sacco | 10.8 |
| Stima Sacco | 10.7 |
| Hazina Sacco | 10.6 |
| Maisha Bora Sacco | 10 |
Can I withdraw my shares from a Sacco?
Shares are not withdrawable but are transferable to another Sacco member upon exit of membership.
Who is eligible for Stima Sacco?
1. The general requirement is that one must have been a member of the Sacco for period of three months for individual members and 6 months for Corporate members. 2. One must fulfill all requirements of a specific loan product.
What is Alpha deposit in Stima Sacco?
Alpha Deposits are the monthly contributions a member pay towards the Sacco. Individuals require a minimum of Ksh. 1,000 contribution per month; groups ksh. 5,000 and Corporates Ksh.
How do I get Stima Sacco dividends?
Your dividend and interest rebates approved by the AGM at the rate of 14 % for dividend and interest rebates of 12% have been posted in your account, check your dividend on the web portal, using M-Pawa and M-Stima.
How are Stima Sacco dividends calculated?
The annual rate of dividends is first calculated to a monthly rate. If a given Sacco offers interest at a rate of 8%, the monthly dividend rate will be as follows: Monthly rate = 8/12, which will be equal to 0.67% per month. This means that each member will be entitled to an interest rate of 0.67% per month.
How do you get dividends from Stima Sacco?
How to withdraw dividends from stima Sacco via USSD
- Open your dialer app on your mobile phone and dial *489#.
- If you are not registered, follow the prompts to activate the service.
- Select withdraw to Mpesa and enter your mpawa pin.
- Once the deposit is complete, you will receive a Mpesa message.
How much is the Stima Sacco dividend?
14 percent
Stima Sacco paid dividends and interest rebates on share capital at the rate of 14 percent and 10.75 respectively for the financial year 2021.
What happens when a Sacco member dies?
Member’s deposits will be doubled in an unfortunate case of member’s demise. In case of death of member’s spouse, the principal member will be paid KES 40,000 for funeral expenses. In case of death of member’s child, the principal member will be paid KES 30,000 per child to a maximum of 4 children in a year.
Can you belong to two Saccos in Kenya?
Yes. As long as the said member shall belong to no more than one Sacco Society having similar objectives as mentioned above.
How long does it take to get a loan with Stima Sacco?
1-month to 3-months due to the process involved.
How many guarantors do you need for Stima Sacco?
1.13 Stima Sacco Loan: Supersosa d) The loan will be secured by 4 guarantors.
How do you save in Stima Sacco?
Fill in the deduction change advice form available in all our branches or download from the Stima Sacco website. effected. Placing a standing order for your savings. order and submit to your nearest branch.
Can I withdraw my savings from a Sacco?
Yes you can withdraw your deposits instantly but the Sacco will charge you a commission 10% of current deposit amount in lieu of withdrawal notice of 60 days.
How much dividends do SACCOs pay?
Other double-digit dividend-paying SACCOs in 2021 include Kenya Police Sacco, which paid a dividend at the rate of 17%, Cosmopolitan SACCO at 15%; Stima SACCO, which paid 14% dividend on Share Capital and Invest & Grow(IG) SACCO which paid a dividend at the rate of 12%.
Which Sacco has the highest dividend?
Top on the list of most rewarding SACCOs is Nyati Sacco, which has declared a dividend on share capital at the rate of 21% and interest on members’ deposits at 11.3O%.