Dividends are similar to interest and are payable every year after the AGM has taken place. Therefore, one is able to access his dividends once they have been announced. Rates depend on how Stima Sacco has traded/invested that year. It varies from one year to another.
Dividends
You can check your Stima Sacco dividends by visiting any of its offices across the country. Additionally, this information is accessible through your online member account too. Therefore, it’s accessible to the members at the comfort of their homes.
It’s also important to note that only the members themselves can withdraw the funds.You cannot collect dividends for someone else unless under special circumstances and with the right documents.
- As soon as the dividends are announced at the AGM, members should expect the funds to be wired to their respective accounts.
- Once the funds are in their accounts, members can be able to access them whether physically on online.
- They can visit any Stima Sacco Branch and pick their funds or they can go straight to the financial institutions registered.
Easier Modes of Accessing the Funds
Stima Sacco has embarked on a strategy to focus on internet and mobile banking, physical branch, branchless/agency banking and strategic alliances. These are some of their key drivers towards growth.
Some of these avenues have been rolled out while some are still in the works. Stima Sacco members can get their dividends anywhere they are with the new and advanced methods of accessing their finances.
Mobile Access
To register for the Stima Sacco mobile banking (M-PAWA and M-Stima), you need to download the registration form. Fill the form and take it to the nearest branch that is available. There you will be assisted promptly. The mobile apps are found on Playstore. Download the app and you will see how to use it to access your dividends today.
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