What is a Share?

A share represents a unit of ownership with a SACCO. This amount is not a monthly deduction but a one off separation from deposits. All Sacco Societies are now required by law to have minimum share capital and for Faidisha Sacco the minimum share capital is Kshs. 2,000.00 per member is the minimum. Shares are not refundable upon resignation but are transferrable to a Faidisha SACCO member. Shares are not used for loan eligibility calculation. Shares earn Dividend at the end of the financial year