The terms and conditions should be read together with Stoke UK Diaspora SACCO by laws and policies as published on the SACCO website or available upon request. To become a member of Stoke UK Diaspora Savings and Credit Cooperative Society and be entitled to enjoy our services and products, every member must purchase a minimum of 10 shares equivalent to Kshs 100,000 within six months of joining. There are certain rights and restrictions attached to the Ordinary Membership Shares. These are detailed in the Stoke UK Diaspora Savings Credit Cooperative Society’s By-Laws, as they may be amended from time to time. The By-Laws and or Resolutions are available online via Members Login portal and on Stoke UK Diaspora SACCO Website or upon request. Stoke UK Diaspora SACCO offers its members the opportunity to increase their investment by purchasing additional shares. Any such purchase is subject to acceptance and terms and conditions, as the same may be amended or supplemented from time to time. Stoke UK Diaspora SACCO also requires that by joining you will be saving a minimum of Kshs 10,000 every month in addition to the purchase of shares.

Minimum and maximum purchase of Ordinary Membership Shares.

The minimum purchase that qualifies one to be a member is 10 shares, the consideration of which is Kshs 100,000. The 10 shares forms part of the core capital of the Stoke UK Diaspora SACCO. A member can buy additional shares every month but cannot own more than 49% of the SACCO share capital. If this limit is breached the excess is converted into one’s savings account.

All Ordinary Membership Shares rank equally

Any Ordinary Membership Shares you may purchase do not entitle you to any preference or additional rights over any other holder of Membership Shares.

One member, one vote

Notwithstanding that you may own additional Membership Shares, each member is entitled to one vote at any general meeting of members to vote on such things as the election of our Management Committee.