Share capital refers to the funds that a company raises in exchange for issuing an ownership interest in the company in the form of shares.
- Every society member is required to own the society by holding a certain number of shares as prescribed by the Sacco by-laws
- Minimum shareholding per member is 100 shares and maximum is 1,000 shares. Each share is worth Kes 100
- Shares are not refundable but transferable and they can NOT be used as collateral for loans
- Shares earn dividends depending on the society’s performance
Years of Existence