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

Sacco records could unlock housing loans for Kenyans

Sacco ReviewAugust 26, 202607 mins

Mobile money and Sacco records could help informal workers qualify for housing loans Government targets a major expansion of Kenya’s mortgage market Lenders push for wider financing options to turn affordable housing projects into home ownership Millions of Kenyans working outside formal employment could soon have a better chance of accessing affordable housing loans if…

Government defends Affordable Housing plan as 8,807 units complete

Sacco ReviewAugust 3, 202606 mins

Affordable housing: Government says 8,807 units are complete, with 198,726 under construction. Student housing: 37,347 units are being built to accommodate over 130,000 learners. Nandi projects: 24 projects worth Sh15.7 billion are underway, including housing, hostels and markets. The government has defended the progress of the Affordable Housing Programme, saying thousands of housing units have…

PS Hinga sets record straight on Ksh2.56 billion Boma Yangu withdrawals

Sacco ReviewJuly 23, 202605 mins

Housing PS Charles Hinga said the reported Ksh2.56 billion Boma Yangu withdrawals were misinterpreted, noting Ksh1.76 billion was used as deposits for affordable housing units while Ksh803 million was withdrawn. He said withdrawals were mainly for personal needs, such as school fees, or due to uncertainty over the programme, insisting the figures do not show…

President Ruto launching the Affordable housing in Mukuru

Boma Yangu refunds near half of Sh5.47 billion raised as more savers pull out

Sacco ReviewJuly 20, 202603 mins

Kenyans have withdrawn Ksh2.56 billion from the Boma Yangu scheme. Refunds have increased 3.5 times since President Ruto took office. Refunds are rising faster than new savings, signalling weaker confidence. Kenyans have pulled more than Ksh2.5 billion out of the government’s Boma Yangu housing savings scheme, as growing numbers of contributors abandon the programme and…

Kenyans urged to use Boma Yangu to access affordable mortgages

Sacco ReviewNovember 14, 2023November 14, 202303 mins

The National Housing Corporation (NHC) has urged Kenyans to use its digital platform, Boma Yangu, to secure affordable housing mortgages through the e-Citizen platform. NHC board member Joshua Nyamori said that the platform, which he said is the gateway to the Affordable Housing Program, enables Kenyans to buy houses at market-friendly rates on both short…