<h1 style="text-align: left;"><span style="text-transform: initial;"><strong>How</strong> <strong>Mwalimu Sacco Pays 2022 Dividends, Rebates; Check out its products and services below</strong></span></h1>
<p><span style="text-transform: initial;"><strong><a href="https://newspro.co.ke/mwalimu-national-sacco-dividends-2021-how-to-calculate-your-dividends-at-mwalimu-national-sacco-2021-2022/screenshot_20210330-184405/" rel="attachment wp-att-9206"><img class="alignnone size-medium wp-image-9206" src="https://newspro.co.ke/wp-content/uploads/2021/03/Screenshot_20210330-184405-163x325.png" alt="How Mwalimu Sacco Pays 2022 Dividends, Rebates; Check out its products and services below" width="163" height="325" /></a></strong></span></p>
<p><strong>Mwalimu Nationa Sacco full list of products and Services </strong></p>
<p><strong>Mwalimu national sacco as the name implicates is a savings and Credit Co-operative Society duly registered and accredited to offer financial services to a designated target group in this case Kenya Teachers currently employed on permanent and pensionable terms by the Teachers Service Commission TSC Kenya.</strong></p>
<p><strong>NATIONAL DELEGATES’ MEETING</strong></p>
<p><strong>The Mwalimu National Sacco National Delegates Meeting will be held on in February 2022.</strong></p>
<p> ;</p>
<p> ;</p>
<p>In this regard;</p>
<p> ;</p>
<p>2022 Dividends looming at the rates that will be determined during ADM.</p>
<p> ;</p>
<p>Things to note:</p>
<p>1.Terms used</p>
<p>Rebates</p>
<p> ;</p>
<p>Benefits accrued from one’s monthly deposits or savings.</p>
<p> ;</p>
<p>Dividends</p>
<p>Benefits accrued from share capital.</p>
<p> ;</p>
<p>Sacco business period</p>
<p>Starts_ 1st Jan of every year</p>
<p>Ends _ 31st Dec of the same year</p>
<p> ;</p>
<p>How to arrive at the total amount expected in one’s account.</p>
<p> ;</p>
<p>For purposes of calculations, see the illustration below;</p>
<p> ;</p>
<p>1.Total deposit as at 31st Dec ,2021 = ksh 100,000</p>
<p> ;</p>
<p>2. Monthly deposit= ksh 5000</p>
<p> ;</p>
<p>3.Capital share = ksh 20,000</p>
<p> ;</p>
<p>4.Rates</p>
<p> ;</p>
<p>Rebates=12%</p>
<p>Dividends =13%</p>
<p> ;</p>
<p>Mathematics</p>
<p>a) 12% × 100,000 ( deposits as at 31st Dec ,2021= 12000</p>
<p> ;</p>
<p>b) 13% × 20000(share capital) = 2600</p>
<p> ;</p>
<p>C) Monthly deposit</p>
<p>Jan</p>
<p>12% × 5000 × 12/12= 600</p>
<p> ;</p>
<p>Feb</p>
<p>12% × 5000 ×11/12= 550</p>
<p> ;</p>
<p>March</p>
<p> ;</p>
<p>12% × 5000× 10/12= 500</p>
<p> ;</p>
<p>April</p>
<p>12% × 5000 ×9/12= 450</p>
<p> ;</p>
<p>May</p>
<p> ;</p>
<p>12% × 5000 ×8/12= 400</p>
<p> ;</p>
<p>June</p>
<p>12% ×5000×7/12=350</p>
<p> ;</p>
<p>July</p>
<p>12% × 5000× 6/12= 300</p>
<p> ;</p>
<p>Aug</p>
<p> ;</p>
<p>12% ×5000 ×5/12 = 250</p>
<p> ;</p>
<p>Sept</p>
<p> ;</p>
<p>12% × 5000 × 4/12 = 200</p>
<p> ;</p>
<p>Oct</p>
<p> ;</p>
<p>12% × 5000 ×3/12 =150</p>
<p> ;</p>
<p>Nov</p>
<p> ;</p>
<p>12% × 5000× 2/12 = 100</p>
<p> ;</p>
<p>Dec</p>
<p> ;</p>
<p>12% × 5000× 1/12 = 50</p>
<p> ;</p>
<p>Total = 12000 + 3900+ 2600= 18500</p>
<p> ;</p>
<p>Amount expected in the account</p>
<p> ;</p>
<p>18500× 5% (withholding tax)= 17575</p>
<p> ;</p>
<p>This 17575 is still subjected to</p>
<p> ;</p>
<p>1.exercise duty</p>
<p> ;</p>
<p>2.Processing fee</p>
<p> ;</p>
<p>The formula above was arrived at in a bid to encourage members to start saving as early as January.</p>
<p> ;</p>
<p>Members who make deposits close to the end of the year wont reap big as per their expectations.</p>
<p> ;</p>
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<p> ;</p>

