Resolutions passed

During the 46th AGM held on 7th February 2020 at All Saints Cathedral, the following resolutions were passed.

  1. Distribution of surplus and honoraria as stipulated in the accounts (Dividend at 20%, interest on deposit at 10.1%)
  2. Borrowing power set at Ksh. 1.5 Billion and members authorized the Board to charge the asset when applicable.
  3. Supplementary budget for year 2020 and the budget for year 2021 was approved.
  4. Members appointed Ongiti and Associates as the SACCO auditor for financial year 2020
  5. Minimum shareholding increased by Ksh 5,000 payable over a period of 2 years starting financial  year 2020. 

You are hereby requested to increase your Share Capital by Ksh. 2,500/=  before 30th September 2020. Failure to do this will result in a deduction of this amount from your deposit. You can send the contributions through cash deposit in SACCO bank account, mpesa paybill 855600 – account SC and/or checkoff).