Jamii Housing Co-operative Society was established and registered in May, 2013. The purpose of establishing it was to provide members with shelter and livelihood within the area of its operation at fair and reasonable prices together with auxiliary services such as road network, drainage, water and power including facilities for physical and cultural recreation. The objective remains noble and members are encouraged to join the Housing Cooperative Society.
Membership Requirements
- Be a member of the Jamii SACCO Society Limited.
- Registration fee is Kshs.2,000.00 (paid once and is non-refundable).
- Minimum share capital of Kshs.20,000.00 (it is non-refundable, but it is transferable or can be sold to an existing member of Housing on exit).
Members are encouraged to open and build their deposits in anticipation to purchase plots/properties once they are available for sale. Note that the Jamii Housing Cooperative Society is run separately from Jamii SACCO, and it has it is own elected Delegates, Central Management Committee (CMC) and Supervisory Committee (SC). However, Jamii SACCO still accords the Housing support in terms of staffing and office facilities during this early stage on mutual partnership.
Current Status
- Total number of members registered is 1064
- Fully paid up members are 656 (Share Capital and Membership fully paid)
- Project I: The Society acquired 18 acres at Isinya, Kajiado County in year, 2014, and sub-divided it into 1/4 and 1/8 plots. The project was sold out and titles issued to members in June, 2016.
- Project II: The Society acquired 22 acres at Malaa area off Kangundo Road in year, 2015, and sub-divided it into 1/8 plots and sold out. A few plots though, are remaining and interested members are encouraged to purchase the same. (How many are remaining).
- Project III: The CMC of the Housing Co-operative Society identified another 14.1 acres at Eldoret near the University of Eldoret and subdivided into 1/8 plots total 103. The same has been sold out.
- All SACCO members are encouraged to join the Housing Society so as to participate in the investment opportunities available.
- All SACCO members are also encouraged to assist the Central Management Committee (CMC) of the Jamii Housing Society to identify properties in their counties for acquisition and on-selling to members.
Note:
- The Jamii SACCO has developed Asset Financing product to support the members of Jamii Housing Society among other members to acquire loans to purchase identified properties and add value to them.
- The Housing Paybill Number is 342550.