Latest News

Capital Sacco launches promotion to reward members purchasing shares

High flying Capital Sacco has launched a share drive promotion dubbed ‘Pepea na Capital Sacco’ that aim at mobilizing members to add on their share capital.

Members will win various weekly and monthly prizes for purchasing Shares at Capital Sacco. A share goes for Sh100. Prizes to be won include, monthly shopping vouchers worth Sh10,000, sh500 worth of Airtime, gift hampers, umbrellas, caps, T-Shirts, mobile phones, TVs, fridge, motorcycle, dairy cows, laptops and a grand prize of a brand-new Toyota Probox to be unveiled at the end of the promotion.

Speaking during the official launch of the competition, an event held at Gatimene Gardens in North Imenti on Saturday, March 23, 2024, Capital Sacco Chairman Jackson Kinoti invited members of the public to join hands in shaping the future of the Sacco, noting the tremendous progress that the Sacco has made since inception.

Capital Sacco Chairman Jackson Kinoti starts engine of the Toyota Probox which is the grandprize to be won

“Am filled with pride for what we have achieved together. We have been steadfast to be a leading Sacco in the region. We are inviting everyone to join us in this journey to future success,” said Kinoti.

Mr Kinoti further urged young people to seize opportunities presented by Saccos and cooperative societies in the region to invest for their future.

“I encourage the youths to take advantage of the many Saccos we have in the region to build foundation for their future. Such investment is guaranteed at Capital Sacco,” added Kinoti

His sentiments were echoed by Capital Sacco C.E.O Eliezer Kaburu, who noted that shares serve as tickets to assuming leadership seats at the Cooperative societies.

According to Kaburu, Capital Sacco has a membership of 67000 an asset base of Sh4.9 billion, a figure he says can double if members invest in more shares. He additionally noted that the Sacco paid a mouthwatering proportion of dividends to members at a rate of 15 percent.

“The more members buy shares the more the benefits realized. I encourage members to keep increasing their shares and I can assure them of great rewards,” said Kaburu.

He further lauded members for their loyalty and contribution towards growing the Sacco

“We can reach the sh5.5 billion mark if members are encouraged to buy more shares. This will see us move from a second-tire to a first-tire Sacco according to rating,” he said.

Meru County Director of Cooperatives Zachary Njeru hailed Capital 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 further noted that Capital Sacco has met all the Cooperatives regulations

According to him 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 Capital Sacco is an institution that can be trusted and fully compliant,” Njeru noted.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button