Stima Sacco, one of Kenya’s leading savings and credit cooperative societies, has long been a trusted partner in financial growth for its members. With its attractive dividend and interest rebate policies, members enjoy a rewarding stake in the Sacco’s success. This article provides a comprehensive update on Stima Sacco’s dividends for the financial year 2024, offering valuable insights on how to maximize returns, stay compliant, and embrace seamless digital tools for efficient transactions.
What Are Stima Sacco Dividends?
Dividends are the annual returns members earn from their share capital invested in Stima Sacco. These returns signify the Sacco’s profitability and its commitment to rewarding members for their financial contributions.
- Key Features of Stima Sacco Dividends:
- Non-withdrawable share capital earns annual dividends.
- Dividends are transferable upon exiting the Sacco.
- Members received a 15% return on share capital for the 2023 financial year.
By reinvesting your dividends, you can build a stable financial future while contributing to the Sacco’s sustainability.
2024 Dividend Update: What You Should Expect
For the financial year ending December 31, 2024, Stima Sacco has announced that dividends and interest rebates will be issued within the first quarter of 2025. Members are advised to monitor official Sacco communication channels for updates on the rollout.
Steps to Ensure a Smooth Dividend Process:
- Update Contact Details:
- Confirm that your email address and phone number are accurate to receive timely updates.
- Keep Loans Up to Date:
- Ensure you’ve settled any outstanding loans to avoid delays in dividend processing.
- Embrace Digital Banking:
- Use the MSTIMA app or dial *492# to manage your Sacco transactions.
How to Maximize Your Dividend Returns
Earning dividends is more than just a passive process; strategic actions can boost your returns.
1. Increase Your Share Capital
- The more shares you own, the higher your dividends. Consider reinvesting part of your returns to grow your share capital.
2. Maintain a Good Loan Repayment Record
- Members with up-to-date loan repayments often enjoy priority in dividend disbursements.
3. Utilize Stima Sacco Products
- Diversify your financial portfolio with the Sacco’s savings, investment, and insurance products.
4. Stay Informed
- Regularly check Stima Sacco’s communication platforms, including emails, WhatsApp updates, and the MSTIMA app.
Stima Sacco’s Digital Transformation: Say Goodbye to Queues
The Sacco has revolutionized its services by leveraging digital solutions for enhanced member convenience.
Key Features of Stima Sacco’s Digital Tools:
- MSTIMA App:
- Available on Android and iOS.
- Offers access to account balances, statements, and transactions.
- *USSD Banking (492#):
- Ideal for members without smartphones.
- Facilitates loan applications, payments, and inquiries.
Benefits of Going Digital:
- Instant access to funds.
- Simplified processes for dividend payouts.
- Reduced reliance on physical branch visits.
Why Members Trust Stima Sacco
Stima Sacco’s unwavering commitment to transparency, financial empowerment, and member satisfaction has made it a market leader.
Key Benefits of Membership:
- Competitive interest rates on loans.
- Tailored savings plans.
- Exceptional returns on investments, as demonstrated by the 15% dividend payout for 2023.
Stima Sacco Dividends in Numbers
2023 Highlights:
- Dividend Rate: 15% on share capital.
- Interest Rebates: Competitive rates aligned with market performance.
Projected Growth for 2024:
- Increased member contributions and robust investment strategies are expected to maintain or surpass previous dividend rates.
How to Claim Your Dividends in 2025
- Ensure Compliance:
- Clear any outstanding loans or obligations before the payout period.
- Access Digital Tools:
- Log into the MSTIMA app or use the *492# USSD code to manage your dividends.
- Verify Bank Details:
- Confirm that your banking information with Stima Sacco is accurate and up to date.
- Follow Official Announcements:
- Stay tuned to official communication channels for the exact payout schedule.
Contact Stima Sacco for Assistance
For any inquiries, reach out through the following channels:
- Call Centre: 0703024000 | 0703024024
- WhatsApp: 0703024001
- SMS Shortcode: 23356
- Email: customercare@stima-sacco.com
- Website: www.stima-sacco.com
Stima Sacco continues to set the standard for member-focused financial services in Kenya. With its generous dividend policies and seamless digital tools, members can look forward to a prosperous future. As dividends for the 2024 financial year roll out in early 2025, ensure you’re prepared by staying informed, embracing digital banking, and maintaining good financial practices.
