Monday, 27 May 2013

news/ KISUMU Teachers clash with sacco officials over low dividends

A showdown is looming at a sacco in Kisumu after members threatened to withdraw over claims of funds mismanagement. The members of Kisumu Teachers Sacco have contested a divided... pay of 1.3 per cent and say they will decamp from the 5000-member revolving fund.

‘‘Imagine getting 1.3 per cent of your shares yet you have saved a total of Sh236,300 in one year. I only got Sh2,600 as dividends,’’ said Mark Onyango, a member