We take this opportunity to thank you for your continued support and Delegates for the active participation during the Special Delegates Meeting held on Saturday, 26th June 2021.

In respect to the deliberation of that Meeting, we wish to highlight on the following:

Special delegates meeting Resolutions:

Amendment of the By-Laws:

Subsequent to the Feb 2021 ADM resolution mandating the Board to amend the By-Laws to align them with Non-Deposit Taking SACCO regulations, the Delegates ratified the amendments during the SDM. Effectively we will share the ammended by laws for update on the respective changes. 

(Click here to view the amended BY-LAWS)


Minimum Shareholding

The minimum shareholding has been Kshs. 30,000 since January 2019. This has been retained as ratified by the delegates and stipulated in our Amended By-Laws.


Investment in Share Capital and Transfers:

The Share Capital has continually earned impressive returns enabling members to recoup their invested capital within a reasonably short time.

Based on the returns, investment in Share Capital becomes a worthwile long term venture that we would encourage members to subscribe to. However, we wish to reiterate that as per our old By-Laws Section 24 and amended by laws section 6, the Co-operative Societies Act Cap 490 Section 20 and Co-operative Societies Rules, 2004 rule 10[4], Share Capital is non-refundable upon membership withdrawal but rather transferrable.

In this respect, the Share Capital earns the member dividends whenever declared until they are transferred to another member. Such transfers should be registered with the SACCO through filling the prescribed forms. (Click here to access the form)



Mary Njunge,


Click here to view the full update