Hisa
Share capital
Shares make you an owner of the SACCO, with a vote at the general meeting.
At least 60 shares
Every member holds at least 60 shares, Ksh 6,000 in all. Buy them at your own pace.
30 sharesKsh 3,000
060: the minimum
The rules of share capital
By the by-laws
- One shareThe unit of ownership
- Ksh 100
- Minimum holdingEvery member
- 60 shares
- Minimum share capital
- Ksh 6,000
- Transfer feeTo another member, with the committee's approval
- Ksh 1,000
- Taking shares outShares are transferred, never withdrawn
- Not withdrawable
Shares are not savings
Both come from your pocket by M-Pesa. They do different jobs.
SharesDeposits
What it isYour part of the SACCOYour monthly savings
What it gives youOwnership and a voteWhat you can borrow
What it earnsA dividend, when the general meeting declares oneInterest, when the general meeting declares it
Taking it outNever. Transferred to another member insteadNot while you are a member. Refunded when you leave, less anything you owe
M-Pesa accountMember number with #SHRMember number alone
Buying shares
Pay to #SHR
Lipa na M-Pesa, Pay Bill, and your member number with #SHR as the account, for example ZS-00012#SHR. The business number is published when M-Pesa payments open.
Each share is counted
Every Ksh 100 buys one share.
See them in the portal
Your shares and your M-Pesa receipts show in the member portal.
Become an owner
Join, then buy your shares at your own pace.