Get to know more about our service.
Our work is mainly to link buyers and sellers of SACCOs. You will realize that members face a huge problem of not getting someone easily to buy off their ownership whenever they want to exit a SACCO. It’s the same problem that buyers face when they want to buy more shares in a SACCO to earn more in dividends from their share capital.
Just like in any other transaction, you need to be careful with who are dealing with. We insist on following the SACCOs policies regarding the transfer of share capital. Do not send money without contacting the SAACCO first. And it’s important that you get the SACCO contacts from the SACCO itself and not from the other party. If possible, have the transaction completed at the SACCO office premises.
The first step is to create an account and login. If you want to buy shares, click “BUY” at the top the look anyone selling shares of the SACCO you are interested in. Then contact them to transact. You can also post your buy offer and a seller will contact you.
If you are a seller, click sell and post your sale. You can also look for a buyer who has posted.
No. If I want to buy shares worth Kes 40,000 and the only sale offers are at Kes 100,000, I can contact the seller and have only Kes 40,000 transferred to me.
Once you pay and click “CONTACT”, you will see the contact details of the person selling/ buying. Then go ahead and contact them to make the transfer of the shares as per the regulations of the SACCO. Remember, different SACCOs have different policies on transferring shares.
Deposits are the regular contributions members make to their SACCO. That forms the basis of their borrowing. You borrow on your deposit contribution. Most SACCOs do not have a minimum contribution amount. Share capital is an allocation of the ownership you get upon joining a SACCO. Share capital benefits are usually higher than deposits. However, you might find some differences among different SACCOs.
SACCOs in Kenya are regulated by SASRA. You can visit the official website here: sasra website