Sacco Maneno's

Business
21

Niliweka kwa share kuongezea zenye ziko huko. the i needed a loan for almost 3 quaters of my shares. wanaleta upuzi

22

Hio ni noma, hapo nanusa con. Mimi nilijaza form na within a week nikaendea cheque. At first it was very simple, you just save and after 3 months you become eligible for a loan amounting to 3 times whatever amount you’ve saved. So long as your savings and whatever you pledge as security can cover the loan amount. No silly groups, guarantors and such. Shida ilianza kuingia wakati waliiconvert sijui to a share issuing sacco (can’t remember well how the called it), halafu wakaingilia biashara ya kuuza mashamba. That’s when they started frustrating their clients. Before it took less that 2 weeks for one to receive a loan, but nowadays guys wait upto 3 months. Some former employees I’ve met have intimated to me that things were slowly grinding to a halt so they bailed out. I don’t know if it’s true ama ni mushene ya disgruntled former employees, but I didn’t wait to find out.
I suspected the money we were contributing was being used to buy land, instead of being disbursed back to members as loans.

23

There rules kindly request them from your sacco

24

Sema ni Sacco gani tuanzie hapo.

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25

Mimi pesa yangu nikiitisha naandika email inakua credited (money market),hii story ya sacco siwezani.Loan nitachukua bank.

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26

Kwa share huwes withdraw immediately. Hapo kwa loan wanakusumbua bure. Your money should be enough collateral to guarantee you.

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27

You can not deposit a lump sum and benefit from it immediately how do we know that is not borrowed also and two you can not self guarantee a loan unless you have NOT guaranteed others.

28

Mboss always read the T&C …the small print. Saccos are governed by bylaws registered with Co-op Dev. Ministry, the basic loaning rules are printed on the loan form. Fosa (saccos with bank-like) services are further licensed by Sasra and they make very comprehensive monthly reports.
Back office (Bosa) loans are usually long term and must be guaranteed (thats one of the requirement by the insurers, KUSCCO). These loans are tied/calculated against (a number of times your share deposits). Share deposits are non-withdrawable…only withdrawn with a 60-days notice (Co-op Ministry rules) or with a %age penalty in case u want them instantly)
Front office (fosa) loans also called advances/salary advances are tied to your monthly salary and are at the discretion of the management to attach guarantors and mostly go for 12months max.

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29

Thanks. Sure to check that next time. Really do appreciate

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30

Hahaha acha nicheke tu. Free advice if you have to join a SACCO, atleast join a Teachers’ sacco. Izo ndizo ziko already fully streamlined pande ya loans. Iko mahali mi husave na loan huwa immediately kama paperwork as in kama unaqualify hakuna kueka ekwa ovyo. Loan unapata pap. #mytwocents

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31

advances iko mahali iko 18months max.

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32

Applied for a laon equivalent to 70% my savings. Waliniitisha six months bank statements, last 3 payslips, employment letter, passport photos, ID na kadhalika. Bure sana

33

Care to let us know which Sacco you are in :rolleyes:

34

mimi wacha niwapatiye heka pia

last year a lady insisted l open stima sacco

and after 3 months l get 3 times my savings

they make it look so easy…

so nikajaza izo forms…and nikasema atleast in a week nitakuwa naweka 2500

l did this for like 7 months

then siku moja nikashikwa na emergency l needed 8k

nimasema since l have some chapa over 70k in stima…nitaenda kutoa 10k

wacha nifike kwa counter nikapatiana Id my account nika ambiwa…if l need to withdraw l write a letter and the process takes 2months

sikuamini vile naskia

…mara bla bla my account ni strickly savings no withdraws…lakini nikijoin sikuwa na hii info…

apo ndio nilijuwa unaweza lala njaa na uko na pesa kwa so called accounts…:frowning:

35

Huyu jamaa akona ujinga sana. Anataka usaidizi halafu badala acontribute to the knowledge pool ya Kijiji by naming the sacco he acts like those kindergarten kids who will never tell the name of their parents.

I hope they fuck you up some more

36

Ok you are the doctors and you are on strike. What next?

1 Like
37

[quote=“grandpa, post:35, topic:103208”]

Huyu jamaa akona ujinga sana. Anataka usaidizi halafu badala acontribute to the knowledge pool ya Kijiji by naming the sacco he acts like those kindergarten kids who will never tell the name of their parents.

I hope they f**k you up some more
[/QUOTE

Wewe Nyani type…hizi hekaya zote zina lessons mingi sana Muhimu, bila hata ya kutaja majina. Contribute bila kelele ama unataka Jina Upeleke Sasra[/QUOTE]

38

wueh…wewe inakaa ulikuwa unasave pande ya BOSA. Next time jaribu kuelewa btn FOSA na BOSA. Normally wakitaka kukuchenga wataita share deposits zako Savings sababu hio ndio pesa wanahitaji hili watrade nazo. Ukijoin sacco usiingie na mentality ya io loan, kumbuka kuna T&Cs hapo. Msee first hufungua a/c pande ya FOSA. Kutoka hapo strive to understand the Sacco. Ukishaelewa kila kitu then vuka io pande ya BOSA na uanze kusave huko pia.

39

Listen iv dealt with saccos and I know how they operate. Before I can say something I need to know the name . Inbox mimi we start from there

40

mimi bado peasant lakini sacco huwa sizitrust…wacha ni deal ni mattress account ama bank…