Muranga teachers launch Sacco, go for property market

By Daniel Njoroge
Teachers in Muranga County
have formed a housing co-operative
society to enable them
build affordable homes and invest in
the lucrative real estate industry.
The housing investment society
is an initiative of Kenya National
Union of Teachers (KNUT) Murang’a
South branch which intends to mobilize
teachers in the county to pool
resources to buy land cheaply and
build homes.
Branch Executive Secretary, John
Njata said the society was formed after
realization that most teachers were
unable to buy land due to the sky
rocketing costs.
Njata revealed that the society has
so far procured several parcels of land,
sub-divided and issued title deeds to
the owners.
Currently, about 450 teachers have
benefited from the plots.
The branch Chairman, Andrew
Maina, added that the society provides
members with opportunities to
invest in real estate which will financially
support them after they retire
from teaching.
The leaders were speaking recently
when they took members to inspect
a ten-acre plot bought by the society at
the prime Samar area in Maragua Sub-
County.

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