Payment of Dividends & Interest on Deposits for 2022

Dear Member,

RE: Payment Of Dividends And Interest On Deposits For 2022

We wish to give the following guidelines on payment of dividends and interest on deposits for the year ended 31^st December 2022:

Bank / Mpesa Account Details

We will pay to the same bank account or Mpesa number that was lastly used to remit your dividends and interest. In case your details have since changed or you are a new Sacco member, please send the following information to Kentours Sacco office not later than 15^th March, 2023:

Mode of payment (select appropriately) Bank M-Pesa

Telephone No (if M-Pesa) ….……………………………

Only dividends of Ksh. 100,000 and below will be disbursed through M-Pesa.

Bank details (if Bank);

Account Name: _____________________________
Account Number: ___________________________
Bank Name: _______________________________
Bank Branch: _______________________________

The Sacco shall not be responsible for erroneous bank/M-pesa transfers resulting from wrong details given by a member.

Recovery of Arrears and Insurance

Dividends will be paid net of any loans’ repayment arrears and insurance balance for year 2022. The amounts recovered will reflect on the Members’ Personal Account statements. You may login to the members’ portal for your loan arrears details.

For any clarification, please contact the office.

Thank You

Philip Muchiri

Hon. Secretary