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Mwalimu Sacco Shares Form

Mwalimu Sacco Shares Form

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How much is one share in mwalimu national sacco

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Instructions and help about mwalimu sacco shares

[Music] capital is the part of ownership you buy when you join a circle like the case for steamer sako we minimum share capital you can buy is 25 000 shillings which is 500 shillings per share so the 25 000 is a minimum you can buy the circle but you can buy more so that is the part of ownership you buy at the circle that those are what we call shares deposits is the monthly contribution when you join a circle you must save at least a minimum of a thousand shillings per month and you continue contributing for the entire period so it is the contribution you make monthly towards your savings savings is the money you put maybe in a current account in our case we have a current account which is called a prime account you can do your savings which are withdrawable and we have other accounts like triggers accounts mastered accounts which are withdrawable in in time so the major difference between the savings and alpha deposits instead of pensaco is that savings are withdrawable that is the a

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