Kenyans have been asked to join Savings and Credit Cooperatives Societies (Saccos) to easily own and invest in property.
According to Engineer George Kiiru, the Chairman of Wanabarabara Housing Cooperative Society, buying property as a group is much easier and more affordable as compared to buying it individually.
Addressing the press in Kisaju located in Kajiado West sub-county, Kajiado County, after handing over title deeds to members of the society, Eng. Kiiru reiterated the importance of joining housing cooperatives that enable one to own land and build houses.
The Chairman said that buying property in Kenya is very costly and it is cheaper to buy large parcels of land as a group as opposed to purchasing as an individual as you have the advantage of the economies of scale.
“Saccos are the way to go. This initiative is aimed at helping our members purchase land and construct houses in line with the government’s desire for every Kenyan to enjoy equal opportunities and access affordable housing,” he said.
He revealed that the Wanabarabara Housing Cooperative Society had bought five acres in Kisaju and subdivided it into 33 plots for some of its members who intend to build housing units.
Charles Ogal, the Secretary of the said Sacco, said that the cooperative movement is very strong in Kenya and contributes up to 45 percent of the Gross Domestic Product (GDP) adding that joining cooperative societies can help one grow faster as opposed to individual.
Edna Osore, one of the members who received her title deed for a parcel of land, expressed her joy at owning a piece of land adding that she was now free to build a house and secure her family’s future.
She challenged more women to join the cooperative movement so that they can save money and own property.
By Our Reporter
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