If there is one thing this village offers, other than eye washing station, it is sound advice. If there’s a thread and there’s more than two people claiming that you will cry in the toilet, go and think very hard about what you’re about to invest in.
[SIZE=7]Home ownership in doubt as Sh3bn sacco shut down[/SIZE]
Dreams of owning ready-built houses for hundreds of people who saved with Ekeza Sacco could be dashed after the government revoked its licence.
IN SUMMARY
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[li]Ekeza Sacco has been ordered to shut down its 26 offices across the country until it complies with the law.[/li][/ul]
Why can’t people buy the land themselves, get a title deed, get their own architect/contractor to build for them and secure their finances/future.
This thing of crowd sourcing for a gated community project is very dicey. When the amount reaches 90%, the directors go mteja. Utawaona tena. That will be 4-5 years after the first person deposited their funds.
Kuna kitu inaitwa lanes baba,si kila mtu ni mbirrionea.people have families to feed and loans to pay.wewe labda umetoka familia ilio na pesa so you have no clue how the other half lives.tembea kenya ujue.im tellung you this because i’ve been there,there’s shit to save ata ukisema utaweka thao tano a month,prices go up before hio thao tano iweze kuanza kutembea
They defraud the Public over and over as there is no consequence for this kind of sophisticated economic crime, which is committed against people who trusted them. If we have a Criminal Assets Recovery Act, it is toothless.
The criminals ought to be arrested, their assets frozen, an asset recovered process set in motion to recover as much money for compensation to the members. The Directors and Management should serve a good prison sentence doing community service, which includes clearing rubbish and greening the slums and reforestation among many other tasks. Others intend on conspiring to defraud the public will think twice.
SACCO ni sound management plus a strong history of solid performance to the benefit of the Members. All that unapata tu huku… http://www.kanisa-sacco.org
I had warned my younger sister over a year ago, over that Sacco, sadly she didn’t heed my advice, since it’s being headed by ‘a man of god’. Religion is the opium of the masses it was said.