Capital Sacco launches promotion to reward members purchasing shares

Capital Sacco Board of Management led by the CEO Eliezer Kaburu (second right) and Chairman Jackson Kinoti (third right) cut the cake to mark the launch of a Promotion Drive dubbed "Pepea na Capital Sacco" held at Gatimene Gardens in North Imenti constituency.

Capital Sacco has officially launched an ambitious share drive promotion meant to recruit more members to the institution and reward those who add on their capital share.

The promotion dubbed ‘Pepea na Capital Sacco’ aims at mobilising more members to buy more share capital with the winners set to be awarded with various prizes.

The draws will be held on weekly and monthly basis where members will win prizes for purchasing shares at the Sacco.

The prizes to be won includes monthly shopping vouchers worth KSh 10,000, KSh 500 worth of airtime, gift hampers, umbrellas, caps, T-shirts, mobile phones, TVs, fridge, motorcycle, dairy cows and laptops.

The overall winner will walk away with a grand prize of a brand-new Toyota Probox which will be unveiled at the end of the promotion.

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Speaking during the official launch of the competition at Gatimene Gardens in North Imenti constituency recently, Sacco CEO Eliezer Kaburu and Chairman Jackson Kinoti said each share will be sold at KSh100.

They asked residents to join the Sacco in order to benefit from the promotion because all the winners will be rewarded.

The duo called on the already registered members to buy more shares noting it is the best way of creating and increasing wealth.

“We want to be a blessing to everyone. Those who will join the Sacco will be rewarded. A share cost only KSh100. The draws will hold weekly and monthly basis with the overall winner walking away with a brand new probox.

Let everyone join us so that we can be a great movement. Being a registered member is the best way of creating and increasing wealth,” said the CEO.

Kaburu said the more shares a member buys the better the returns and chances of winning in the weekly and monthly draws and the final grand prize.

He said shares also serve as a ticket to being elected into leadership positions noting one can only be elected as a Sacco director if they have shares.

Kinoti lauded the members and the Board of Management for their unwavering support and dedication which has enabled the Sacco record tremendous growth since its inception.

“Am filled with pride and excitement for what we have achieved together. Much more lie ahead of us. Our Sacco is not only a financial institution but a beacon of hope and a cornerstone of our economy.

We always strive to empower our members by investing in shares. We are inviting everyone to join us in this journey for future success. You can’t know the benefit of a Sacco unless you join it,” said Kinoti.

Both Kaburu and Kinoti asked the youth to join the Sacco in order to benefit fully from the cooperative movements and in the process secure their future.

They regretted that majority of the youth are unwilling to join the Saccos leaving them to the old generation noting that if the trend does not change the future of the cooperative movement is in jeopardy.

“My greatest fear is that youth are unwilling to join the Saccos. Mostly the old people are the ones who are buying shares. I ask the youth to take advantage of the many Sacco’s we have in the region to build foundation for their future. The Sacco’s have the potential to assist members in all their financial needs. Such investment is guaranteed at Capital Sacco,” added Kinoti.

Kaburu said the Sacco has a membership of 67,000 and an asset base of KSh4.9 billion noting that the institution has the potential of doubling the figures if members vigorously invest in more shares.

He said the Sacco paid mouthwatering dividends to members at a rate of 15 per cent and interest rates of 9 per cent.

He lauded members for their loyalty and contribution towards the growth of the Sacco.

“The membership of the Sacco currently stands at 67,000 with an asset base of KSh4.9 billion. We have the potential to attain double that number. We want to fly higher. That is why we launched the promotion.

We can reach the KSh5.5 billion mark if members are encouraged to buy more shares. This will see us move from a second tier to a first tier Sacco according to rating,” said Kaburu.

Meru County Director of Cooperatives Zachary Njeru hailed the Sacco as one of the best in the Country noting that the drive will enable the Sacco to have a strong pool of capital base.

He assured members that the Sacco has met all the Cooperatives regulations.

He said Meru County has 11 registered deposit-taking Saccos as well as other Saccos that have branches in the region.

“I want to assure members that the Capital Sacco is an institution that can be trusted and it’s fully compliant,” Njeru noted.

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