Charles Omwansa, Gusii Mwalimu Sacco CEO says delegates determine size of dividends payment.

The Saccos that rewards members better named

 

Winas Sacco Limited, formerly Embu Teachers Sacco, is 8th on the table after it declared a dividend of 12.2 per cent on shares and 12.5 per cent on member deposits for the financial year ended December 31, 2016.
Established in 1977 to serve teachers in the larger Embu district, the society has rebranded and diversified its membership to effectively tap the economic potential in all viable sectors in Kenya and abroad.
Winas Sacco is top in terms of interest paid on member deposits at 12.5 per cent followed by Ollin Sacco at 11.5 per cent together with New Metropolitan Sacco and Simba Chai in third position at 11 per cent.
The 9th Sacco on the dividend payout table is Safaricom Sacco Limited, which has declared a dividend payout of 12 per cent and 9 per cent interest on deposits. This position is shared by Gusii Mwalimu Sacco, which has also declared a 12 per cent dividend on Members Share Capital and 12 per cent on interest on members’ deposits
Mwalimu National, Deposit-Taking Sacco with the largest balance sheet in Kenya, is ranked 10th in the dividends table.
During its Annual Delegates Meeting (ADM) held on February 17, 2017 at Mara Hall, Mwalimu Towers, drectors of the Society recommended payment of a first and final dividend of Sh142,893,365 or 11.4 per cent per share compared to Sh141,825,000 or 12.20 per cent per share.
The Board also recommended interest rebates on members’ deposits of Sh2,407,045,000 or 10.4 per cent compared to Sh2,285,888,000 or 11.2 per cent in 2015.
According to Teresa Mutegi, National Chairperson, Mwalimu National the Sacco has been growing at a very fast pace and has posted impressive results over the last few years.
“This growth is attributed mainly to the unwavering support and clear demonstration of confidence you have in the Society and which in turn has made Mwalimu National grow from strength to strength over the years,” she told delegates during the Sacco’s recent ADM held at Upper Hill, Nairobi.

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