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Written by Maureen Gakii

Category: Uncategorised

Published: 11 August 2023

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JAMII HOUSING CO-OPERATIVE SOCIETY LIMITED

What is Jamii Housing Society?

During the Annual General Meeting held on 20th April, 2012, the meeting deliberated and resolved to establish Jamii Housing co-operative society limited .The registration of the society has been finalised and we would like to invite interested members to register and join the Housing society.

Who can be a member of the Housing Society?

Only members of Jamii Sacco society are eligible for membership. Moving forward in the future, the Sacco will look into possibilities of opening up to the general public.

What are the requirements for joining the Jamii Housing Society?

• Must be a member of the Sacco
• Must be above 18 years of age
• Entrance fee of Kshs 2,000/= paid once.
• Attach copy of National ID card.

What are the sources of Fund for the Housing Society?

Housing Society has two sources of funds:

• Entrance fee
• Shares

For the Sacco to establish a capital base, every member will be required to contribute non –withdrawable shares of Kshs 20,000 or 200 shares of Kshs 100 each. Members should accumulate shares within six months.

What Activities and Programs will be undertaken through the Housing Society?

The members of the housing society together with the interim committee will work together to identify land to be purchased within Kenya. When land has been identified, interested members will be advised to contribute towards the purchase of the same. You may pay in cash or borrow a loan from Jamii Sacco society or any other source.

What are the benefits of joining the Housing Society?

• Easy acquisition of plots/ land through the Housing Society.
• Easy access to loans to develop the purchased plots.
• Easy processing of individual titles of ownership.
• A member may choose to sell his plot / land for a higher gain.

How do you withdraw for housing Society?

A member may withdraw from the Housing Society subject to the following conditions;

• Clearance of any Housing Society liabilities.
• Giving the Housing society 60 days notice.

At this point a member may transfer shares to an existing member or next of kin.

Interested members are invited to register and join the co-operative society to benefit from acquisition and development of property

For more information contact: Chief Executive Officer’s Office and the Marketing Office
Phone: 020- 552448/552477
Mobile No: 0704-914143/0736-613863