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  • Mwalimu Sacco Shares

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ORM I TSC/PFNo. MNo. Institution/School: Postal address: Code: Email: County: Request you to INCREASE/DECREASE my monthly shares contribution from kshs Per month with effect from 20 to kshs until further notice. Member s Signature: Date: DD/MM/YYYY NOTE: For the variation to be effected in the succeeding month, this Variation Form must reach us on or not later than 10th of the current month. The minimum shares contribution is Ksh.

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How to fill out the Mwalimu Sacco Shares online

Filling out the Mwalimu Sacco Shares form online is a straightforward process that allows you to manage your monthly shares contribution effectively. This guide will walk you through each section of the form, ensuring a clear understanding of the process.

Follow the steps to complete your shares variation form online.

  1. Press the ‘Get Form’ button to access the Mwalimu Sacco Shares Variation Form and open it in your preferred editor.
  2. Begin by providing your TSC/PF Number and Membership Number (MNo) at the top of the form. These identifiers are essential for processing your request accurately.
  3. Input your institution or school name in the designated field. This helps in verifying your affiliation with Mwalimu Sacco.
  4. Fill in your postal address, including the postal code, to ensure all correspondence is directed accurately.
  5. Enter your email address and county in the respective fields. This information will facilitate communication regarding your shares.
  6. Specify whether you wish to INCREASE or DECREASE your monthly shares contribution. Then, indicate the new amount in Kenyan Shillings (Kshs).
  7. Provide the effective date for the change request. This is the date when your new contribution will start being processed.
  8. Sign the form with your name in the Member’s Signature field and include the current date in the specified format (DD/MM/YYYY).
  9. Ensure that you submit the completed form before the 10th of the month to have the changes reflected from the following month.
  10. After filling out the form, save your changes. You can choose to download, print, or share the form as needed.

Complete your Mwalimu Sacco Shares form online today for a hassle-free experience.

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until further notice. Note: (i) For the variation to be effected in the succeeding month, this variation form must reach us on or not later than 10th of the current month; (ii) The minimum shares contribution is KShs. 1,000.00 per month.

Notify the Mwalimu National Sacco Board of your intention to leave. The board should receive a 60 days' written notice to withdraw from the society. You will then have to provide substitute guarantors if applicable. This is in case you have signed loan forms for any other member (s).

How to login to mwalimu national sacco portal membersportal.mwalimunational.coop. To log in to members portal click https://membersportal.mwalimunational.coop. ... How to calculate Mwalimu Sacco dividends for 2022. ... Calculations for Mwalimu National sacco dividends:

Individual loan The minimum loan for individual client is Kshs 150,000 and a maximum of Kshs 5,000,000. Individual loans are offered at an interest rate of 1.25% p.m. on reducing balance. Our repayment period is between 36-60 months depending on the amount borrowed.

-Mwalimu National Sacco (MNS) paid only interests on deposits to members at the rate of 9.3%, compared to 2019 when it paid the same at 10.2 and 11.2% dividends, while Stima Sacco paid a dividend rate of 14% and a rebate of 10.75%, compared to 14% and 10.5% respectively in 2019.

The minimum shares contribution is Kshs. 1, 000.00 per month.

The sacco has declared dividends on total share capital (Kshs. 20,000) at 11.2%, rebates on deposits at 10.2% (your total amount at MNS minus the Kshs. 20,000 shares) and a withholding tax at 10% of dividends plus rebates.

Share capital can be sold to a new member who is joining the sacco or an existing member. The society will create a fund - share transfer fund to be used to refund money to those members who will not find somebody to buy the shares.

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