Stima SACCO Dividend Rate: 2026 Payout, How It’s Calculated and How to Get Yours

Stima SACCO members earn two separate annual returns, not one: a dividend on their share capital, and an interest rebate on their Alpha deposits.

For the 2025 financial year, Stima SACCO’s delegates approved a 16% dividend on share capital and an 11% interest rebate on Alpha deposits, following adoption of the 2025 financial statements at the SACCO’s Annual Delegates Meeting. This is the most recent officially confirmed rate as of August 2026.

This article explains what that rate actually means for a member’s payout, how the calculation works, when and how the money is paid, and what can reduce the amount you actually receive.

Stima SACCO’s dividend rate for 2025

According to Stima SACCO’s own announcement after its Annual Delegates Meeting, and confirmed on the SACCO’s official website:

• Dividend on share capital: 16% — this is a return on the value of the shares a member holds with the SACCO.
• Interest rebate on Alpha deposits: 11% — this is a return on a member’s Alpha deposits, which are also the deposits used as a multiplier when a member applies for a loan.

The total payout approved at the meeting came to approximately Kshs 788.7 million in dividends and approximately Kshs 4.32 billion in interest rebates, based on figures the SACCO shared publicly after the meeting.

This 16%/11% combination is broadly consistent with recent years — Stima SACCO paid a 16% dividend and 11% interest rebate for the year ending December 31, 2024, and a 15% dividend with an 11% interest rebate for the year ending December 31, 2023. Rates can move up or down depending on the SACCO’s financial performance in a given year, so a past rate is not a promise of a future one.

Dividend vs interest rebate: what’s the difference?

These two terms are easy to confuse, and Stima SACCO’s own member education material distinguishes them clearly:

• Dividends are a return on your share capital — the money you’ve contributed toward your ownership stake in the SACCO as a cooperative. Share capital is different from an ordinary savings deposit: it isn’t something you can freely withdraw on demand the way you could a savings balance, because it represents your membership stake in the institution.
• Interest rebates are a return on your Alpha deposits — the savings you build up in your Alpha account, which also determines how large a loan you can access under most of Stima SACCO’s multiplier-based loan products (for example, a Normal Loan of up to four times your Alpha deposits).

Because these are two different pools of money earning two different rates, your total annual return from the SACCO depends on how much you hold in each — not just the higher of the two published rates.

How the payout is actually calculated

Stima SACCO’s published FAQ on dividends and interest rebates explains that both are calculated on a prorated basis, using the weighted average balance of a member’s shares and deposits held during the SACCO’s financial year — not simply the balance on one particular date, such as December 31. The approved percentage rate is then applied to that weighted average balance.

Illustrative example (not an actual Stima SACCO calculation):

Suppose a member holds an average Alpha deposit balance of Ksh 100,000 across the financial year, and the interest rebate rate approved at the AGM is 11%. In a simple illustration, the gross interest rebate would be roughly 11% of Ksh 100,000, or about Ksh 11,000 for the year. If that same member also holds Ksh 50,000 in share capital, and the dividend rate approved is 16%, the gross dividend would be roughly 16% of Ksh 50,000, or about Ksh 8,000.

This is a simplified illustration to show the mechanism. Because the real calculation uses a weighted average balance rather than a flat year-end balance, a member who deposits a large amount late in the financial year will not earn a full year’s worth of rebate on that late deposit — only a prorated portion reflecting how long the money was actually held during the year. The SACCO’s financial year, according to its own FAQ, runs from December to November, which is worth knowing if you’re trying to time contributions around dividend calculations.

Read also: Stima SACCO Loan Requirements: Eligibility, Documents and How to Apply (2026)

Gross vs net: what you actually receive

The published dividend rate (for example, 16%) is a gross figure — it’s the return before certain deductions. Stima SACCO’s FAQ defines this clearly:

• Gross dividends are the total declared amount, before deductions, and this figure includes applicable taxes and processing fees.
• Net dividends are what a member actually receives after deducting taxes, processing fees, any amounts the member chose to capitalize, and Risk Fund contributions.

This means the shillings amount that lands in your account will be somewhat lower than a simple “16% of my shares” calculation would suggest, because of these deductions. Ask the SACCO or check your dividend slip for the exact net figure rather than assuming the gross rate applies directly to your payout.

The Risk Fund deduction

One deduction worth understanding specifically is the Risk Fund, which Stima SACCO’s FAQ describes as a contribution made by all members — whether they have a loan or not — to provide insurance cover on their Alpha deposits. If a member dies, the fund pays out twice the member’s deposits to their nominated beneficiaries. According to the SACCO’s FAQ, the contribution is charged at Kes 125 per month, working out to a yearly deduction of Kes 1,500 for the year 2025. Because this is a per-member charge rather than a percentage of dividends, it affects members with smaller payouts proportionally more than members with larger ones.

When and how dividends are paid

According to Stima SACCO’s official FAQ:

• Dividends and interest rebates are paid out after the Annual General Meeting, once the national delegates have formally endorsed the proposed rates.
• Net payouts above Kes 1,000 are paid into the member’s Prime Account, unless the member had specifically requested capitalization (reinvesting the payout back into share capital or Alpha deposits instead of receiving cash).
• Net payouts below Kes 1,000 are automatically capitalized rather than paid out in cash.
• Members are notified of the exact amount paid via a text message to their registered phone number, and the details also appear on a dividend slip available through the SACCO’s digital channels or any branch.

Withdrawing your dividend

Once dividends land in your Prime Account, Stima SACCO’s FAQ lists several ways to access the money:

• MPAWA USSD — dial *489#
• MSTIMA USSD — dial *492#
• The MSTIMA mobile app (available on Android and iOS)
• Over the counter at any branch
• Via the Saccolink ATM card
• Through any Stima Mlangoni Agent
• By EFT, RTGS or PesaLink transfer to another bank account

If you don’t withdraw your dividend, it simply remains in your Prime Account and continues to earn interest there, according to the SACCO’s FAQ.

What can reduce or delay your dividend

Several situations can mean a member receives less than expected, or none at all, according to Stima SACCO’s own published FAQ:

• Loan arrears. If you have a defaulted loan, your dividend payout can be used to offset the outstanding balance before anything is released to you.
• Previous capitalization instructions. If you had earlier instructed the SACCO to reinvest your dividends rather than pay them out, that instruction may still apply.
• Recoveries from Alpha Deposits. Outstanding obligations can be recovered from your Alpha deposits, which in turn affects the balance used to calculate your interest rebate.
• A dormant Prime Account. According to the SACCO’s FAQ, a Prime Account becomes dormant after six months without any member-initiated transaction. If yours is dormant, you may need to visit a branch with your original national ID or valid identification to reactivate it before you can access funds.
• Amounts below the Kes 1,000 threshold, which are automatically capitalized rather than paid out as cash, as noted above.

Do you need to have finished paying your minimum shares to earn dividends?

Yes. Stima SACCO’s FAQ confirms that all members earn dividends regardless of their share capital status — you don’t need to have completed the minimum share contribution to qualify for a dividend payout. Members who haven’t yet reached the minimum share capital level (the FAQ references Kes 25,000 in this context) are simply encouraged to capitalize part of their payout to help reach that level faster.

Are corporate, joint and group members eligible?

Yes. According to the SACCO’s FAQ, groups, joint accounts and corporate members are eligible to receive dividends and interest rebates on the same basis as individual members.

What determines the rate each year

Stima SACCO’s FAQ states plainly that the dividend and interest rebate rates are set based on the SACCO’s financial performance, its surpluses for the year, and regulatory approvals — the rate is not fixed in advance and is proposed by the Board before being put to a vote of the national delegates at the Annual General Meeting. This is a standard cooperative structure: as a member, you are effectively a part-owner of the SACCO, and your dividend reflects a share of what the SACCO earned that year, not a guaranteed interest-bearing product like a fixed deposit account.

This also means that comparing Stima SACCO’s dividend rate against another SACCO’s headline rate in a given year tells you about that one year’s performance and payout decision — it doesn’t guarantee that the same ranking will hold the following year, since each SACCO’s board and delegates set their own rate independently based on that SACCO’s own results.

Common mistakes members make around dividends

• Assuming the dividend rate applies to your total balance with the SACCO. It applies separately: the dividend rate to share capital, and the interest rebate rate to Alpha deposits. Confusing the two, or the balances they apply to, leads to inflated expectations.
• Expecting the gross percentage rate to be the exact amount received. Taxes, processing fees, Risk Fund contributions and any prior capitalization instructions reduce the gross figure down to what actually reaches your account.
• Depositing a large lump sum right before financial year-end expecting a full year’s rebate on it. Because the calculation uses a weighted average balance across the year, money deposited late in the year earns a much smaller prorated rebate than money held for the full period.
• Not checking for loan arrears before assuming a payout is coming. If you have defaulted loan repayments, your dividend may go toward clearing that balance instead of being paid to you.
• Letting the Prime Account go dormant and then being surprised that funds aren’t accessible until the account is reactivated at a branch.

Frequently asked questions

What is Stima SACCO’s current dividend rate? For the 2025 financial year, delegates approved a 16% dividend on share capital and an 11% interest rebate on Alpha deposits. Confirm the latest approved rate with Stima SACCO directly, since this is reviewed and voted on annually and can change.

Is the dividend rate the same as the interest rebate rate? No. The dividend rate applies to share capital; the interest rebate rate applies to Alpha deposits. For 2025 these were different figures (16% and 11% respectively).

When is the Stima SACCO dividend paid? Payouts are made after the Annual General Meeting, once delegates have formally endorsed the Board’s proposed rates.

How do I check how much dividend I received? Stima SACCO sends a text message to your registered phone number with the payout details, and the same information is available on a dividend slip through the SACCO’s digital channels or any branch.

Can I get my dividend paid to M-Pesa? Net dividends are first paid into your Prime Account, from which you can withdraw to M-Pesa using the MPAWA USSD (*489#) or MSTIMA USSD (*492#) codes, or the MSTIMA app.

What happens to my dividend if I have a loan in arrears? According to Stima SACCO’s FAQ, the payout may be used to offset the outstanding loan balance before any remaining amount is released to you.

Do I earn dividends if I haven’t finished paying my minimum share capital? Yes. Stima SACCO confirms all members earn dividends regardless of their share capital status.

Before you rely on a dividend figure

Dividend and interest rebate rates are voted on annually and depend on the SACCO’s performance for that specific financial year — they are not a fixed, guaranteed return, and past rates do not guarantee future ones.

Before making any financial decision based on an expected payout (for example, planning around a dividend to make a large purchase, or comparing Stima SACCO against another SACCO purely on dividend history), confirm the most recently approved rate directly with Stima SACCO, and remember that your actual net payout will depend on your own weighted average balances, any deductions, and your account status.

Read also:

• Stima SACCO Loan Requirements: Eligibility, Documents and How to Apply (2026)
• Stima SACCO Loan Interest Rate: Current Rates, Charges and How They’re Calculated
• SASRA Licensed SACCOs in Kenya 2026: Full List of Deposit-Taking and BOSA SACCOs