Share capital
Share Capital
Your stake as a co-owner of UG-SACCO.
Shares make you an owner, not a customer. Share capital is the core capital of the SACCO: it is not withdrawable on demand, it carries ownership and a vote, and your borrowing limit is linked to your savings and shares together.
- Eligibility
- All members. Minimum 20 shares (UGX 200,000), payable in instalments within 12 months. No member may hold more than 10 percent of total shares. Corporate members hold at least 100 shares.
- Deposit frequency
- UGX 10,000 per share. Buy at joining and top up at any time.
- Minimum balance
- UGX 200,000
- Maximum balance
- No maximum
- Dividends
- Dividends are declared annually by the Delegates Assembly once the SACCO is profitable and its reserves are rebuilt; the plan expects the first dividends from Year 6 or 7. Dividends are never guaranteed.
- Transfer & refund
- Not a savings deposit. Refund or transfer follows the bye-laws and capital adequacy requirements.
- Fees & conditions
- To be confirmed