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How do I withdraw shares from Sacco?

sacco shares are not withdrawable but are transferable to a willing buyer. Sacco deposits on the other hand are withdrawable after ninety days.

How do I write a letter to withdraw from a Sacco?

The addressee must be the manager of the Sacco branch where your account is domiciled. The body of the letter must outline clearly the reason for membership withdrawal and the intended effective date and any other information such as pending loans that would be necessary for the Sacco to clear a member for withdrawal.

How do I write a letter to withdraw from a Sacco?

The addressee must be the manager of the Sacco branch where your account is domiciled. The body of the letter must outline clearly the reason for membership withdrawal and the intended effective date and any other information such as pending loans that would be necessary for the Sacco to clear a member for withdrawal.

Can I withdraw my savings from a Sacco?

For you to withdraw from the Sacco, you will have to give written notice of 60 days. Withdrawal is subject to clearance of all Sacco liabilities.

How long does it take to withdraw savings from Sacco?

If a member wants to leave a Sacco, they should issue a notice of 60 days (two months) after which they should get their money. If you have guaranteed other members, then those members should replace you as a guarantor, Mr Chebor advises.

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