August 17, 2022

Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

Saccos eye construction boom in Chuka town


Chuka Housing Co-operative Society has has joined in the epic transformation of Chuka town, a fast growing business hub in the County.
The society, which broke out from Chuka Farmers’ Co-operative has turned around the face of the town after constructing state-of-the-art buildings. It enjoys rent from Co-operative Bank, Thamani and Southern Star Saccos among other clients.
The Society’s Manager, Dennis Muchiri said they have over 100 tenants but looks forward to doubling it by next year.
Zakayo Njagi, the caretaker of Chuka Housing said the business is lucrative and the venture is big enough to accommodate any investor.
According to Southern Star Sacco CEO, Wachira Ndegwa, Jenga Jamii Co-operative, a subsidiary of the Sacco has been mandated to help members invest in real estates and is ready to tap the growing market in Chuka town.
Thamani Sacco has its investment unit which also owns a land in the town that will soon be developed. Speaking to Sacco Review in his office, Thamani Sacco Chairman, Jackson Ireri said though they have parcels of lands in Chogoria and Erega, the one in Chuka town will be developed to tap the growing market.
-Kiptanui Rutto