Stuck With Tower SACCO Shares? The 2026 "Secret" to Selling Your Share Capital Online

Under SASRA (Sacco Societies Regulatory Authority) regulations, share capital is the permanent "foundation" of the society. Because Tower SACCO is now a Ksh 34 Billion giant, it cannot simply "refund" your shares—this would threaten the society's stability.

However, your shares are high-value property. In 2026, the most effective exit strategy is finding a buyer on a secondary marketplace like Saccoshares.

1. Why Tower SACCO Shares are "Gold" in 2026

Before you sell, you must understand the value of what you hold. In the latest financial cycle, Tower SACCO reported:

• Active Membership: Grew by 29% (now at 247,852 members).

• Total Assets: Hit Ksh 34.56 Billion.

• Profitability: They paid out 20% dividends on shares and 13% interest on deposits.

Because of this 20% dividend, there is a massive queue of new investors desperate to enter Tower SACCO. This high demand means you can often sell your shares at full par value or even a premium.

2. The Non-Refundable Reality: The 2026 SASRA Rule

Many members mistakenly believe they can "withdraw" their shares. Per SASRA’s 2026 guidelines, share capital is non-withdrawable. If you want to leave, you have two choices:

• Option A: Leave your money there and earn dividends forever (The "Passive Income" route).

• Option B: Transfer/Sell your shares to another individual (The "Liquidity" route).

3. Selling SACCO Shares on Saccoshares

Since Share Capital is non-refundable by the SACCO (per SASRA regulations), the Saccoshares marketplace provides the essential exit route for members needing liquidity.

The Listing & Sale Process:

1. Verification: The seller lists their shares on Saccoshares, providing a recent statement to verify the share balance. This ensures the buyer that the Ksh 50,000 or Ksh 100,000 you are selling is verified by the Tower registry.

2. Negotiation: A buyer expresses interest. On Saccoshares, shares are often sold at par value (1:1) or a slight premium if the SACCO has a high dividend track record (e.g., Tower or Stima). Given Tower's 20% payout, sellers currently have high bargaining power.

3. Documentation: Both parties sign a Share Transfer Form (provided by Tower SACCO). This is a legal document that authorizes the SACCO to move the "TSC No." ownership from one person to another.

4. Board Approval: The completed form is submitted to the SACCO board. Per 2026 bylaws, most boards must approve transfers within 30 days if the buyer is a registered member or meets the membership criteria.

5. Payment: Saccoshares facilitates the secure exchange, ensuring the seller receives funds once the SACCO confirms the transfer in their registry. This protects you from "con-men" who might take your forms without paying.