Executive Summary

At the recent Wanaanga Sacco 40th AGM, held on Friday, March 22nd, 2024, we proudly unveiled Presta’s Share Trading Marketplace, with Wanaanga SACCO as our inaugural client.

Our vision is to establish a dynamic marketplace where members can effortlessly list shares they wish to sell, while potential buyers engage in competitive bidding to secure their desired investments.

Understanding the Significance of Shares in a SACCO:

Shares represent non-withdrawable deposits essential for membership in a SACCO. Typically, SACCOs mandate a minimum share capital requirement for full membership, ranging from Ksh 25,000 to Ksh 40,000, tailored to the SACCO’s objectives.

These shares yield dividends, distributed annually during the AGM, based on SACCO’s performance, often ranging from an impressive 12% to 21%, outperforming many listed companies on the stock exchange.

Here is a list of the top 10 highest Dividends paying SACCOS in Kenya for 2022.

Addressing the Challenge:

One of the most significant hurdles SACCO members face in Kenya is the cumbersome process of selling shares. Traditionally, members endure lengthy waits and rely heavily on personal networks to find buyers, resulting in inefficiencies and limited access to lucrative offers.

Identifying the Opportunity:

Our Share Trading Marketplace unlocks myriad opportunities for SACCO members:

1. Speculation/Investment: Members can strategically monitor SACCO performances and capitalize on buying opportunities post-dividend declarations, leveraging market fluctuations.
2. Emergency Liquidity: In unforeseen circumstances, members can swiftly liquidate shares to address urgent financial needs, ensuring financial resilience.
3. Retirement Planning/Exit Strategy: Retired members seeking to diversify investments or exit the SACCO can seamlessly liquidate shares, facilitating smoother transitions.

Introducing the Solution:

Our innovative platform streamlines the share trading process:

1. Seamless Listing: Members can effortlessly list shares through our user-friendly app, showcasing their offerings to interested buyers.
2. Competitive Bidding: Interested buyers engage in competitive bidding, offering flexibility and ensuring fair market value for shares.
3. Secure Transactions: Upon agreement, a comprehensive ‘SALE OF SHARES DOCUMENT’ is generated for both parties to sign, followed by a secure transfer of funds to the SACCO’s escrow account.
4. Automated Transfer: The SACCO facilitates seamless transfer of shares from seller to buyer, ensuring a hassle-free transaction experience.

Embracing Technological Advancement:

Watch our app in action:

Join us as we revolutionize SACCO investments, fostering greater accessibility, transparency, and efficiency in share trading. Presta’s Share Trading Marketplace – Empowering SACCO members for a brighter financial future.

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