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Share Capital

Description

These are un-refundable shares whereby every member ought to purchase a minimum of 450
society shares at the value of Kshs. 20 each. a member may willingly transfer their shares to
another member of the Society through a written notice to the office Upon cessation of
membership or if they willingly want if the shares are over and above the minimum 9,000.
Share capital provides a strong capital base for the Society. ​
on the features for the share capital 

Features

  • The minimum a member can hold is Shs 9,000 payable within twenty-five-months from member registration​
  • an also on “no single member can hold more than 20% of the total fully paid-up share capital of the Sacco