-: Majority of us have who have paid heftly in shares are being pulled down by those who havent paid a dime and need action on the shares to be earning interest for the sacco irrespective.. There are merry-go- rounds and other ways and programmes to put such contributed money to work. But all musy participate
-: @Neccy Flossy
The Sacco is only Launching away. And we are waiting for the certificate from registry of cooperatives before we embark on any official process of operations. If there be anything then we should be knowing why the delays in government. Personally I have been following up 'roughly' and I was advised to be patient a little more.
Once with the certificate, a body to operate it shall be set up. It won't be this group. It won't be the CBO. It will be for Sacco men and women.
Therefore I request your patience (on behalf of baba Ndanyi who was a little ill recently).
Trust me (and us) that our monies are also in the bank. That we are feeling equally stagnated. Once in, the certificate shall put us on uncompromising table of operation. We won't be late. We shall infact be ahead, keeping in mind the more groups and Saniaga being met and familiarised with the whole activity.
- Saniaga Onward
Thanks.
-: If there is delays with SACCO launching, there must be reasons. However, rather than wait forever can we the contributors agree to put the idling funds to better use, say, run a bods boda, it generates funds in the meantime? How is such a problem? There is no point of saving in the bank except running a revolving fund. Ask me how. Personally, i am for this. It comes a time when patience runs out we need to be gereating funds withs the available money on account. Can we try this so that we do not keep on botheting the silent majority to bring in their cash that they csn put to beyter use on a daily basis
-: There are a number of things to be done before we get here.
And maybe with time all of us will come to the realization of what a task is to keep us organized and moving.
It is not your 14K that should keep us motivated to getting you a profit. No, not. Not so mbiombio. It might even be unreliable.
Saniaga Sacco, in my view, is in the strength of ground groups. That we should increase our reach to. The strength is in a woman there at Shamakhokho selling fruits than it is with most of us, behind desks. No matter your contribution. Because it is all about impact. And our aim is to start below.
I mean, we should enable ourselves to reach out strongly to vaSaniaga. Increase our mobilisation. We haven't gotten the best yet. And exposed the Sacco to questions. This is before whatever operation. Neccy, help us mobilise.
Not that a few of us with monies can't start off but I should just let us put in more - effortwise I mean.
And sooner than later we shall have the people to trust the money in.
-: Lungafa, please bear in mind that the Sacco is not exposed to questions. Lets not go there. Questions and doubts are the healthy feel of any group. Membership has the right to ask questions, get answers and make decisions 4 development. You have asked for Piki piki to be bought. We have plenty of money in shares, it could be used but we need sustainability of money generation on account.
-: Yes kamunara,a Sacco is a long and short term investment organization it requires a substantial mobilized funds from the membership who are supposed to guarantee one another.Before we start giving credit we have to have the necessary credit issuance regulations in place and the rules must bef detailed.Once the
reg.is done then we embark on the functions of a sacco which include education,recruitment etc by the how much does the sacco kit own to date this will enable proper advises
-: You're right Luhyas should know that every we do is risk taking even taking a meal is risky .We should venture in all risks all over the world leave alone Ongata Rongai.This question of "Ninda he ingovi ya mama ya tevwa" or minds vilindwa vya vivuli vitu" is the problem.
-: Mimi nangoja kuambiwa prime property in Vihiga has been identified and secured by the CBO and members can buy plots in it. 🤔
-: I have experience with luhyas. I am a board member of a sacoo and my experience is that we take long to embrace investment and when we invest we are not patient. We expect results overnight... To grow investment you need numbers and cultivate a culture of saving more.
-: We loan up to twice or thrice one's total deposits and a majority of the current membership apply, shall we be able to service the applicants adequately ? Let's continue the deposits culture so that by year end we are at a million plus then we can plan to invest in members and other market derivatives that way we become the SANIAGA warrens and Soros George
-: In order to move forward, one is only allowed to borrow 90% of his/her savings. This is the only way to secure members investments. This also helps to keep off defaulters. When we have expanded then we can allow twice or even thrice of one's total deposit.
-: Good the guidelines on credit provisions will clearly state the requirements need before one is accorded the loan facility in any case let's embrace the slogan save regularly,borrow wisely. If however one has an investment opportunity that the funds available can be put to explore and act in accordance with the CBO core ideals and ideas
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