List Of Housing Co-operatives In Kenya
A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure.
In this article Keweb.co tries to answer the question by publishing the full list of Housing Co-operatives in Kenya
Below are the full List of Housing Co-operatives In Kenya
Housing co-operatives in Kenya are represented by NACHU, the National Cooperative Housing Union. NACHU was registered in 1979 under the Cooperative Societies Act (Cap 490), became operational in 1983 and held its first democratic election in 1986.
NACHU was initially established to provide technical services and small housing loans for trade union members.
The broader co-op movement, some churches and NGOs also helped start NACHU. NACHU struggled for some years due to a difficult policy context and political interference. NACHU’s early growth and development was assisted by CHF International (US), Rooftops Canada, and the Ford Foundation.
How many cooperatives are there in Kenya?
The Co-operative Alliance of Kenya (CAK) is the National Apex Organization for Kenya’s Co-operative Movement. Its membership is drawn from over 14,000 registered Co-operatives that include the National Co-operative Organizations (NACOs), Co-operative Unions and Primary Co-operative Societies.
Why do cooperatives fail in Kenya?
Most areled by people who lack the leadership skill thus they can not mobilize the members and otherstakeholders towards the direction that makes the best progress for the cooperation. Thecooperatives thus fail to progress due to lack of good leadership.
Who registers cooperatives in Kenya?
If you intend on taking deposits from your members/customers, you will be required to obtain a license from Sacco Societies Regulatory Authority (SASRA). SASRA is mandated by section 24 of the Saccos Societies Act 2008 to license and regulate the operation of Deposit Taking Saccos.
What are the challenges facing cooperatives in Kenya?
There are many challenges facing Co- operative societies. These challenges include but not limited to leadership, Political interference and financial management.