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 shareholder of Stoke UK Diaspora Savings and Credit Cooperative Society and be entitled to enjoy our services and products, every shareholder must purchase a minimum of 1 shares equivalent to Kshs 10,000. 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 Shareholders Login portal and on Stoke UK Diaspora SACCO Website or upon request. Stoke Investments PLC offers its shareholders 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 Investment PLC also requires that by joining you will be purchasing  a minimum of Kshs 10,000 every month in addition to the purchase of shares.

Minimum and maximum purchase of Ordinary Shares.

The minimum purchase that qualifies one to be a shareholder is 1 shares, the consideration of which is Kshs 10,000. The 1 share forms part of the core capital of the Stoke Investments PLC. A shareholder can buy additional shares every month but cannot own more than 49% of the Company share capital. If this limit is breached the excess is converted into one’s savings account.

All Ordinary Shares rank equally

Any Ordinary  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  Shares, each shareholder is entitled to one vote at any general meeting of shareholder to vote on such things as the election of our Management Committee.