UPDATE

[Alfred Maina]

Greetings Tolites,

My email is long overdue and my apologies for this.From discussions with the members,there is a general feel that we should wind up this relationship(feels like a marriage).This is with the exception of Oga Zino who would like us to continue.

Below are our balances in the Sacco;

Share Deposit-74,500

Shares-5,000

Cash Available in prime account-321,700

Loans out to Members-

Andrew-  loaned out in Oct 2014- 150,000 * 13% interest- 169,500

Oga Zino- 333,000 *13 % interest- 376,290

I'll forward  the statement from the Sacco and attached is an excel sheet with your monthly contributions for your review. I have a positive difference between my excel sheet and and the sacco statement of 6580

Let me hear your input on how to sort out the payments and the way forward.

regards,

Alfred

Cabinet Secretary Finance.

[Ekelemu Ewomazino]

Hello Gentlemen,

Let me be the first to reply to this email.....

I want to appeal to us not to kill Tola as seem intended...I know things have been Slow and have actually stop for some months now but I think we are giving up too soon on what we want to do. Every Great Enterprise has its "Crawling Days"...It takes tenacity and a "Never Say Die" Attitude to revive it and keep it going....

        From my own observation, our major problem is not that we are not Serious(Five Men-We all Can't be Unserious People) but that we have had difficulties meeting or should I say, meeting regularly.  If you will recall, the few times we met somewhat regularly was when we started talking about doing the Maize business and errand business. I am sure if we meet regularly we will be able to forge a way forward and do things.

         Also, let's not point accusing fingers because in one way or the other we all have had a hand in where we are now....If I have failed in what I am suppose to do who amongst us is like a prefect to ensure that it is done by consistently bugging me? I am not giving excuses but don't say i am lazy until you can do what i am unable to do.

          My take will be we meet, have candid discussion on the way forward and deliberate steps we need to take to avoid situations like this... I am not saying this because I owe the group,...I mentioned to Alfred that we were suppose to have timelines for repayment of loans even to Members so that someone like me don't take advantage of the no time limit or forever to repay my loan. Let's not kill a good thing..

Great things Begin Small. Let's keep at it until it works. I beleive there is an amount our Cash will grow to that it will fine expression in some investment.
          I am committing to pay up my loan in the Shortest Possible time beginning from this Month we are in.

           I hope I am able to persuade us not to destroy Tola but to sit and deliberate as Men on the way forward.

          God Bless Tolites.

   

      

--
You received this message because you are subscribed to the Google Groups "TOLA GROUP" group.
To unsubscribe from this group and stop receiving emails from it, send an email to tolagroup+...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

[Norman Ondego]

I would still appreciate a pay out. We can work out other modalities of post pay out.

[andrew...@gmail.com]

Hi Guys

I would like to call it a day with Tola. Thanks. 

Andrew

[Andrew Alovi]

Hi Alfred

have looked at the statement, I remember we had requested a while back that the cheques I was being re-imbursed we need to write what that money was meant for lest we double deduct the amounts. I also got lost after the balance on 10th march, its a bit confusing i.e. we had 593k on 10th march, then theres a deposit and some amounts that look like revenues mneaning we closed march at 990k? April figure then is a bit mixing because I am not sure where the workings that arrived at that amount are. We also have cheques that look like incomes plus a 10k from Norman....basically it is a bit confusing kindly shed some more light. Thanks

A

--

A Tiger doesn't lose sleep over the opinion of sheep.

[Alfred Maina]

Hi Andrew,

I will need to review again over the weekend and share.What keeps me at peace is the balance in the sacco since we can't withdraw without all our signatures. :-)

Alfred

[daniel makau]

Indeed, i would like us to dissolve the investment side of it. pull out the cash.

DANIEL MAKAU

+254 736 53 59 50

@thiskenyan

SKYPE: makau.daniel

[Alfred Maina]

Hi all,

Something has come up and I will be required to travel tonight.I will write cheques of 100K for Norman,Daniel and Myself for a start and leave them with my wife.

I'll share the breakdown tomorrow.

regards,

Alfred

[daniel makau]

Travel safe Ssebo.

[Andrew Alovi]

Hi Alfred,

Are you back we conclude this?

Andrew 

[Alfred Maina]

Morning team,

Norman,please call for a meeting in the first week of Aug.

regards,

Alfred

[Alfred Maina]

Good evening gentlemen,

Below is how much we are all entitled as TOLA members as of 31st Aug 2015

Below are our balances in the Sacco;

Share Deposit-74,500

Shares-5,000

Cash Available in prime account-21,700(The balance was previously 351,700)

Norman,Alfred and Daniel have received cheques of 130,000,100,000 and 100,000 respectively)

Loans out to Members-

Andrew-  loaned out in Oct 2014- 150,000 * 13% interest- 169,500

Oga Zino- 333,000 *13 % interest- 376,290

I have a positive difference between my excel sheet and and the sacco statement of 6580.Below were our savings(refer to the excel sheet last sent) 

Member	Amount
ALFRED MAINA MUTHAMI	172,000
DANIEL MAKAU	174,000
NORMAN ONDEGO	172,000
ANDREW ALOVI	164,500
EKELEMU EWAMOZINO	174,000

 Based on the above numbers

Alfred,Daniel and Norman are now owed 72,000;74,000 and 42,000 respectively(188,000)

Ewamozino owes us 172,290( He's paid one installment )

Andrew will be at -5000

We also will be required to shut down the stima sacco account in order to access our share deposit-79,500.

I will get the balance owed to Alfred,Norman and Daniel first as there's a difference between what Zino owes us and what we are entitled to.

172,290-188,000= 15,710.

79,500-15,710 = 63,790.

We will again share the balance between ourselves- 12,758 per tolite.

Zino will make a decision whether to reduce the loan or receive the above amount.(172,290-12,758)=159532.

regards,

Alfred

[Alfred Maina]

Good evening all,

re sending

regards,

Alfred