Early Dividend Access
ADVANCED DIVIDED
Access Your Anticipated Annual Dividends Ahead of the Official AGM
ADVANCED DIVIDED
Dividend Backed
Interest Rate
10% P.M
Repayment Horizon
12 Month (1 Year)
Borrowing Limit
Based on Previous Year's Dividend
Annual Equivalent
Advance Rate
Product Name
ADVANCED DIVIDED
Interest Rate
10% P.M
Repayment Period
12 Month (1 Year)
Security / Multiplier
Based on Previous Year's Dividend
Purpose & Description
The purpose of an advance dividend is to allow members to access a portion of their expected dividends before the official playout date, providing them with immediate funds for personal or financial obligations. This facility offers quick and convenient access to funds and flexibility, allowing members to meet needs without waiting for the annual dividend declaration.
Features & Qualification Criteria
The following are the exact mandatory specifications for ADVANCED DIVIDED:
i) Applicant must be a SACCO member.
ii) The amount to be given is determined by the previous years divided and the performance of the SACCO.
Frequently Asked Questions
When can I apply for Advanced Dividend?
Anytime before the official AGM dividend declaration to meet urgent personal obligations.
Apply for ADVANCED DIVIDED
Please Visit Chuka University SACCO to Apply
To apply for the ADVANCED DIVIDED, please visit our Chuka University SACCO Main Office to complete the official loan application form and submit your supporting documents (guarantor forms & payslips) with our credit desk.
Office: Chuka University SACCO Offices, Main Campus
Telephone: +254 772 689 460
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.