ALL SACCO MEMBERS YEAR 2025 AGM NOTICE

13^th February, 2025.

 TO ALL MEMBERS OF LOMPASAGO REGULATED NON-WDT SACCO SOCIETY LTD.

1. NOTICE OF THE ANNUAL GENERAL MEETING.

Notice is hereby given that there will be an Annual General Meeting for all members on Sunday 2^nd March, 2025 starting at 9.00 a.m. The meeting will be held at St Michael  Pry  School Ground off Jogoo Rd along Nile Road Makadara Nairobi.

The following matters will be discussed:

1. Reading the notice and confirmation of the 43^rd  AGM minutes held on 24^th March, 2024.

2. Matters arising from the minutes.

3. To receive and adopt the Chairman’s report.

4. Presentation of the Treasurer’s report as at 31^st Dec 2024 and the 2026 fiscal year budget.

5. Presentation and adoption of the Auditor’s report and financial statements for the year ended 31st Dec, 2024.

6. To receive the Supervisory Committee report for the year ended 31st Dec , 2024.

7. To pass and note resolutions.

8. Elections.

9. To transact any other business of an Agm.

NB: (i)All reps are requested to forward to the office a list of apologies for their members who will not attend the Agm on or before 26^th Feb 2025 and late apologies will not be accepted.

(ii)Registration during the Agm day will start at 8.00am and end at 9.30 a.m.

(iii) Remember to carry your identification document (IDENTITY CARD) in order for you to be allowed into the meeting.

• NOTICE FOR & ON BEHALF OF THE ELECTIONS AND  VETTING COMMITTEE

In reference to Matter No. 8 above we wish to humbly request all those interested to vie for Board or supervisory Committee position in the oncoming Agm to collect nomination form from the Sacco offices which should be filled and submitted back to the office on or before Friday 21^st February 2025.

Qualifications

1. Be a member of the Sacco Society for at least 12 months prior to the AGM.
   1. Must have attained a minimum level of education.(O Level or Form Four) attach prove.
   1. Person who has never been adversely named by the Commissioner for mismanagement or corrupt practices or has been adversely named by the Authority in an inspection report for mismanagement or corrupt practices of any nature.
   1. A person who has never been convicted of any offence involving dishonesty or is imprisoned for three months or more with a crime involving fraud, perjury or breach of contract of a licensed financial institution
   1. A person who Is not delinquent on loans with the Sacco for more than 60 days within 6 months prior to elections; 
   1. A Person must be a rep and holding a minimum of Kshs 300,000 deposits.
   1. A person must be over  the age of 18yrs
   1. Be of sound mind
   1. Not a Board member of another existing Sacco society licensed under the Act;
   1. A person not running a business that compete with Sacco Business.
   1. Must be a representative of a company and has held the position of a representative for at least one year or a person currently serving at the board who lost common bond subject to below requirement.
   1. Is a candidate who have served as a  board member or a supervisory committee member for a minimum of two terms but have attained a deposit of Kes 500,000.

REQUIREMENTS

Prospective candidates shall submit the following documents addressed to the Chairman of the vetting committee:

1. Duly filled nomination form

2. Copy of National  Identification card.
3. Copies of academic and professional certificates.
4. Must be nominated by at least 2 registered members.

Kindly co-operate and ensure you meet all the above to avoid disqualification.

Please be punctual.

By order of the Management Board.

EUNICE NYAMBURA.

HON. SECRETARY.

c.c.       – C.C.D’s office.

– Jogoo Road  Police Station.

– Auditors –John Memba & Associates (CPA).

– Sub-county Co-operative Officer -Kamukunji Sub-county.

– Supervisory Committee Members.