Amref Sacco works for me! No loan queues and great returns. Despite the challenging year 2020 the returns were excellent with 15% dividend on share capital and 8.5% interest on members deposits. It's an old and stable SACCO.. since 1983 and an asset base of KES 2billion! They accept individuals referrals from members and staff of NGOs or corporates on a check off. Oh..and thanks to Amref Sacco I am a proud land owner! Their plots are fairly priced and the cost is inclusive of title deed processing.
I live in 🇬🇧 and I joined Ukristo na Ufanisi in 2004/2005. I have not looked back. I would recommend it to anyone. I have got loans from them and love the fact that when I go home, I have a stash of cash as I have shares and saving.
Thank you Terryanne. Very educative and insightful. A lot of people are skeptical but based on hear say and having lost in unregulated institutions. I joined Ukristo na Ufanisi Sacco 9 years ago and got no regrets, the services are available while in the country and also if in the diaspora. Wish I actually joined earlier.
Terryanne Chebet, please don't stop producing such quality videos on investing, business, and personal growth. Don't stop. Already clicked the bell notification icon. You have helped me financially and through your tips, I'll be joining a Sacco soon.
I joined Nation Sacco in February 2021. They financed my brother at the height of the COVID pandemic and he is no longer renting, despite losing his job then. Such a relief for him
Hi Terryanne, am a member of Stima, to correct you the dividends payment for share capital last two years was 14% and not 17% as you stated but you are correct on the savings (deposits), they were paid at 10.75%.
I love this. I think another point to note before joining a sacco is the availability and accessibility of guarantors incase your aim is saving and borrowing
I agree with you, I joined Unaitas but getting a loan is so difficult because I don’t know anyone in the Sacco who can be my guarantor. I have been with them for long but even a small loan have been impossible.
Thanks alot for the helpful content am in Afya Sacco thinking of joining another one. I kindly request you enlighten us on Insurance companies next. Thank you.
Thanks, Teeryanne for the financial literacy nuggets..need you to address the issue of guarantors when you choosing a SACCO..should you join a SACCO that you have acquaintances so that they may guarantee you when you need a loan?
Yes. The alternative would find out if your Sacco takes alternative security. Again I hope you understand the dynamics of guarantee. When you guarantee a member it means that you're consenting to the Sacco to use your Savings savings to pay off the members loans if they default. The Sacco can also come after your other assets if the guarantor's shares are not enough to clear the defaulted loans.
Thank you so much TerryAnne for the amazing job you are doing to educate us. The video is very informative. Keep up with your good work. Really appreciated.
This is so informative but someone needs to teach me like a two yr old coz Ave never engaged myself in one, what are the cons n pros Ave got so much to learn bfr I join one
Thank you Charity, first thing is to ensure that the SACCO is regulated by SASRA, you can find them on google, and also the older SACCos are very stable and have a great reputation. So look around, speak with people around you as well to find out who they invest/ save with. It is very important to understand what you are getting into, you can book a meeting with one of the top SACCO's so they can explain it to you properly.
Wow...thank you for this ...quite insightful.👌.glad I made the right decision albeit late .. .joined Stima sacco and I have no regrets if only the clock would tick backwards ......😔
How does Sacco help,for me I have so many weakness pleas help me because,I can't save money on my bank ,I can save even upto 20k but I will end up using my card on unnecessary things,so I don't know how I can save and I have kids which will need school fees in few years please help me
Hey Sharon ..all I can advise is that save some money to buy shares and the rest cash save it deposits where you know you will restrict yourself from withdrawing .
No I won't advice anyone to join sacco I have seen many going bankrupt ,my self lost 450k on bands sacco 2015 when is was run bankrupt I with many other teams famers suffered and upto date I haven't got my money back
Bandari sacco Stima sacco 1974 best in dividend Kimisitu 1984 minimum 500 Nation sacco 1975 *Kenya police sacco 2nd best after stima sacco 1972 Highest dividends *Hazina sacco *Safaricom sacco real estate Mwalimu national very big 36.9billion Un sacco 12 billion
This is an umbrella body for saccos, therefore not a sacco for individual members. Individual saccos are affiliated to KUSCCO since it does advocacy for the saccos among many other financial services. See their website
Amref Sacco works for me! No loan queues and great returns. Despite the challenging year 2020 the returns were excellent with 15% dividend on share capital and 8.5% interest on members deposits.
It's an old and stable SACCO.. since 1983 and an asset base of KES 2billion! They accept individuals referrals from members and staff of NGOs or corporates on a check off. Oh..and thanks to Amref Sacco I am a proud land owner! Their plots are fairly priced and the cost is inclusive of title deed processing.
Thank you for sharing Grace!
How can one join am really looking for one please help me out you can contact me 0741 829536
terryanne, grace, vera, etc is share capital withdrawable in case a member needs his money back?
@@christophermithamo1603. Shares can't withdrawn,you can only sell to the existing members
@@verademorah3711 is it wise to share your number on these internet streets? wouldn't it be better to share your email?
I live in 🇬🇧 and I joined Ukristo na Ufanisi in 2004/2005. I have not looked back. I would recommend it to anyone. I have got loans from them and love the fact that when I go home, I have a stash of cash as I have shares and saving.
I can only say Ahsante!..I really needed this in my journey to join a sacco.Barikiwa.
Thank you Terryanne. Very educative and insightful. A lot of people are skeptical but based on hear say and having lost in unregulated institutions. I joined Ukristo na Ufanisi Sacco 9 years ago and got no regrets, the services are available while in the country and also if in the diaspora. Wish I actually joined earlier.
Terryanne Chebet, please don't stop producing such quality videos on investing, business, and personal growth. Don't stop. Already clicked the bell notification icon. You have helped me financially and through your tips, I'll be joining a Sacco soon.
Thank you for the wonderful feedback!
I really enjoyed your video because I have been looking for the best Sacco
Thanks, Terry for enlightening us on SACCOs 🥰🥰🤗🤗🤗
very timely for me. my plan is to own a home by May 2022. God help me. thanks TerryAnne.
Hey am curious if you were able to bring your dream to life
I joined Nation Sacco in February 2021. They financed my brother at the height of the COVID pandemic and he is no longer renting, despite losing his job then. Such a relief for him
How can I join
Okay... Can we just agree that your hair should always be that awesome?! 💯💯💯
I will try :-) But I can't promise :-)
@@TerryanneChebetOfficial c'mon 😃, can't promise
Kimisitu Sacco is doing amazing job ,the best sacco to be in ,Makao halisi!!!
Long time...but finally we are here
This is timely, thank you so much for sharing with us .
Hi Terryanne, am a member of Stima, to correct you the dividends payment for share capital last two years was 14% and not 17% as you stated but you are correct on the savings (deposits), they were paid at 10.75%.
Thank you for the correction Dave.
This came right on time for me. Thanks so much TerryAnne❤️
Kongoi missing been looking for this and am gonna share to my husband
Ngiberurin
Thank you Irine, I hope you shared it!
Thank you so much, this is really helpful
This is very good.
I love this. I think another point to note before joining a sacco is the availability and accessibility of guarantors incase your aim is saving and borrowing
Thank you for sharing this, an important tip!
Absolutely
I agree with you, I joined Unaitas but getting a loan is so difficult because I don’t know anyone in the Sacco who can be my guarantor. I have been with them for long but even a small loan have been impossible.
@@hannahndungu5843Oh dear sorry.
It's been long since I watched your videos soI'm very excited that I didn't miss this one. I'm hoping to join Taifa Sacco early next year.
Thank you! Hope you have subscribed too Godfrey! And all the very best, I would say the earlier you start, the better for you.
Thankyou so much TerryAnne, your videos have been amazing educative and really informative barikiwa
Thank you so much Jackline
Thanks alot for the helpful content am in Afya Sacco thinking of joining another one.
I kindly request you enlighten us on Insurance companies next.
Thank you.
Hi TerryAnne please consider not having a background music.
This video has been shared at the right time. Thank you Terryanne for this amazing educative content.
Very relevant
Yeah sure
Waumini Sacco member, so far so good 👌
Yeah sure
Very insightful info , thankyou!
Thanks @Terryann what av been looking for
I love your content. Thank you for talking about saccos.
Thank you Lisa, I deeply appreciate your feedback.
Yeah, she is amazing
Cosmopolitan Sacco for teachers is another great one.
It very stable and the best in Nakuru county!
Insightful.
Appreciated.
Thanks for sharing T!
loving the look
Many thanks Maryann
Can you also do a similar one on PENSION SCHEMES
Thanks, Teeryanne for the financial literacy nuggets..need you to address the issue of guarantors when you choosing a SACCO..should you join a SACCO that you have acquaintances so that they may guarantee you when you need a loan?
Usually that's the case, but will ask around different SACCOS to find out more, and if CRB status affects loan applications positively
Yes. The alternative would find out if your Sacco takes alternative security.
Again I hope you understand the dynamics of guarantee.
When you guarantee a member it means that you're consenting to the Sacco to use your Savings savings to pay off the members loans if they default.
The Sacco can also come after your other assets if the guarantor's shares are not enough to clear the defaulted loans.
Mhasibu Sacco. Mainly for all professions.
Exactly what I wanted to hear...
This is a very educative topic, and an eye opener to many, am a member of mhasibu sacco
Any sacco that gives dividends semiannually please?
TC thanks for the great content on Sacco's. God bless you.
Plz can we talk about online chamas plz, next time? This was very informative.
Thanks Terry this came at the right time for me. God bless you for me, I'm becoming more wise through what you share with us😍😍
I joined port sacco in 2018, it is a nice saccoo.
I learn a lot from you. Just wanted to say thank you.
Thank you so much TerryAnne for the amazing job you are doing to educate us. The video is very informative. Keep up with your good work. Really appreciated.
I appreciate your feedback Nyambura
Jamii sacco is a gd one too
Very informative. Thank you.
Such as superb job on this. Cheers
A bonafide member of Ushuru SACCO. Satisfied so far so good
Very informative. Joining one this week.
Thank you EK!
Hi Terry
This is very informative. Kindly expound more on the possibility of joining 2 or more Saccos.
You can join multiple Saccos if it meets your investment goals.
Good content 👍
Thank you for this
Thumps up to this Content...Thank you! I was researching on a SACCO to join.I now know which one
Very educatve information
Quite some good insight on Sacco.
Can one join a sacco if one is not a Kenyan nor living in Kenya?
Fantastic
Thank You TerryAnne This was Super helpful
Very informative Terry, thank you.
Imarisha Sacco works for me
Hi Terry can I join the SACCO with my family members? Can they guarantee me?
The Mwalimu SACCO and Spire bank deal never went too well
Is it possible to move my bank loan to a Sacco loan? Will it make financial sense?
you mentioned 9 SACCOs which is the 10th one?
Cute sweater TerryAnne
You look amazing and thank you TC for the great nuggets. Which Sacco would you recommend for a chama?
Thank you Christine, let me ask around and will revert
stima sacco
Mombasa Port Sacco is equally doing very well
This is so informative but someone needs to teach me like a two yr old coz Ave never engaged myself in one, what are the cons n pros Ave got so much to learn bfr I join one
I also need this.. before making any decision to join one. You should be careful coz the cons might make you go crazy if hop on those saccos
Thank you Charity, first thing is to ensure that the SACCO is regulated by SASRA, you can find them on google, and also the older SACCos are very stable and have a great reputation. So look around, speak with people around you as well to find out who they invest/ save with. It is very important to understand what you are getting into, you can book a meeting with one of the top SACCO's so they can explain it to you properly.
@@TerryanneChebetOfficialthank you, and what do you know about CIC please
Does the law allow one to be in two saccos? I have always thought this wasnt allowed.
Yes you can join two saccos
Is it legal to be a member of 2 Saccos?
Hi Terry, are there saccos in Kenya that accept membership from Kenyans in the diaspora?
Yes
They do and some have online platform you can view your account.
@@catherineismyname6068 thanks 🙏
@@dwamburu1 karibu
@@catherineismyname6068 which ones please?
Waumini Sacco for Catholics and Catholic institutions employees is doing a good job.
@ vivian arumba what are their rates on dividend
Hi Terry Ann can I join a SACCO while living in the UK? I'm Kenyan.
Kimisitu sacco
Nation Sacco
I joined Maishara Bora easily while living overseas.
@@alicemaina9069 how
@@alicemaina9069 Tell me About it
Fortune Sacco around Sagana area,makutano embu and mwea.The best
Their customer services need to be improved.
Hi Terry Ann kindly show your vedeo am not seeing you.
I hope you got to watch it? It came on a little later, about 15 minutes. Pole!
Hey Terry, which sacco accepts members from diaspora??
stima sacco
Maisha Bora, Ukristo Ufanisi....
Nation Sacco
i love it at stima
Wow...thank you for this ...quite insightful.👌.glad I made the right decision albeit late .. .joined Stima sacco and I have no regrets if only the clock would tick backwards ......😔
It's never too late
Is there a limit to the SACCOs we can join?
No there isn't a limit, but why would you want to join many?
To spread out the savings and benefit from different offers available. Thank you for the insight though.
Insightful👌
Shirika Sacco 💪🏿💪🏿
am a member Hazina Sacco
Stima sacco the best
How
Can someone please share the sasra website link
Awesome SACCO 15years and accounting
I am in bandari sacco its dividend are the best
Boresha and Skyline Saccos in Eldama Ravine are doing a good job...
How can I join?
Good job terry anne nice look member hazina sacco the best ever
Anyone leaving waumini sacco pliz contact me.
How does Sacco help,for me I have so many weakness pleas help me because,I can't save money on my bank ,I can save even upto 20k but I will end up using my card on unnecessary things,so I don't know how I can save and I have kids which will need school fees in few years please help me
Follow the steps that have been well elaborated by Terry Anne.No magic is needed for saving,Its just Discipline.
Hey Sharon ..all I can advise is that save some money to buy shares and the rest cash save it deposits where you know you will restrict yourself from withdrawing .
Verona huruma sacco
Some but not all are scammers do enough research...
You are so beautiful
No I won't advice anyone to join sacco I have seen many going bankrupt ,my self lost 450k on bands sacco 2015 when is was run bankrupt I with many other teams famers suffered and upto date I haven't got my money back
Nandi hekima sacco*
If only you can go straight to the point, you don’t have to explain everything as if your audience is incompetent.
annoying with the music
😦😉
You are doing a good job @terryanne
Bandari sacco
Stima sacco 1974 best in dividend
Kimisitu 1984 minimum 500
Nation sacco 1975
*Kenya police sacco 2nd best after stima sacco 1972
Highest dividends
*Hazina sacco
*Safaricom sacco real estate
Mwalimu national very big 36.9billion
Un sacco 12 billion
What about KUSSCO? am very interested to read some reviews about them
This is an umbrella body for saccos, therefore not a sacco for individual members. Individual saccos are affiliated to KUSCCO since it does advocacy for the saccos among many other financial services. See their website
Safaricom sacco
Thank you for this info