A share is the smallest unit of capital that a shareholder owns in a company. Buy shares, minimum of 50 shares each at 100/- to become a member. Minimum share contribution per month is Ksh. 200. Shares are part of security when applying for a loan. Shares are transferable but not withdrawable in time of termination. You earn dividends on your shares every year, at least 12%.
Shares are part of security when applying for a loan. After every payment made the system calculates how many new shares this will yield, and sends a message informing you of additional shares and total shares.
One can buy shares in bits, after registration and the system updates automatically on the progress. Upon completion of buying the minimum 50 shares ,one will receive a certificate of membership.
How to buy shares:
- Go to Mpesa menu
- Select Lipa na Mpesa
- Choose Buy Goods and Services option
- Enter Mpesa Till No: 646879
- Enter the amount
- Enter your pin and send.
Once you buy shares through Mpesa, you will get an SMS from RG Sacco confirming that your money has been received plus the total number of shares you have so far.
download and install RG Sacco App from Google Playstore. You can see how many shares you have subscribed so far through the app, by tapping on Shares tab.