Head Office: Nature House, Tom Mboya St

P.O Box 16 - 00507, Nairobi – Kenya

Tel: +254 730 780000
Email: Info@shopperssacco.com
Website: www.shopperssacco.com

SHARE CAPITAL TRANSFER AGREEMENT FORM

Before the member commence to fill this form, it is advisable that he or she should read and understand
the notes illustrated below:
a) Share capital is transferable and non-refundable and each member has liberty to transfer his or
her capital shares if and only if he or she ceases to be a member of the SACCO by withdrawing his
or her share deposits
b) Upon receipt of this transfer agreement form by the SACCO, the member shall wait for maximum
period of 24 working hours after which the transfer will be effected
c) The existing member should dully fill all the required places in this form with clarity and devoid of
ambiguity, failure to which the transfer will be rejected.

I, existing member whose particulars are detailed below (attach a copy of ID)

Name………………………………………………………………………………………………………..Membership No……………………..

Payroll No…………………………………………………….. ID/Passport No……………………………..…………………………………..

wishes to transfer my shares capital amounting to Kshs 20,000 to the following active members whose
particulars are (copy of ID to be attached)

Name……………………………………………………………………………………………………….. Member No…………………………..

Payroll No……………………………………………………… ID/Passport No…………………………………………………………………

Branch……………………………………………………………

at an agreed price of Ksh………………………………. with effect from ………………………………………………………

Also, I do acknowledge that after successful transfer, I will cease to be a member and incase of rejoining
the SACCO, I will contribute afresh the minimum requirement of Ksh 20,000 as share capital

TRANSFERRER TRANSFEREE

Name ……………………………………………………………… Name .…………………………………………………………………

Signature ………………………………………………………… Signature …………………………………………………………….

Date ………………………………………………………………… Date ……………………………………………………………………

The undersigned hereby certifies that the above information between the two parties is valid and legally
enforceable.

Witnessed by Branch official (attach a copy of ID)

Name Signature Date

……………………………………………………………………………….. ……………………………………… …………………………….