Ukaguzi Housing Cooperative Society is a Cooperative that was formed in 2013, primarily to provide housing and investment opportunities to Ukaguzi SACCO members and staff of the Office of the Auditor-General.
The Society has since extended its membership to cover the staff of the Ministries and State Corporations.
The key objectives are to provide members with an avenue for affordable and sustainable housing and settlement.
Primary Purpose: Enable members to collectively acquire land and develop housing projects at affordable rates, making home ownership accessible — unlike a SACCO whose primary purpose is to provide financial services such as savings and loans.
Membership Benefits: Members gain access to plots or housing units at subsidized and more affordable prices through collective bargaining — unlike a SACCO where members benefit from affordable loans, dividends, and investment opportunities.
Regulation: Governed under cooperative laws, but not regulated by SASRA like SACCO.
Our Products include:
1. Land
We receive offers from landowners who approach the Society directly or through referral by our members. We then negotiate to get the best value, undertake comprehensive due diligence, announce to our members and then subdivide for acquisition.
2. Loan Advance
We advance to our members loans to acquire property within our projects.
3. Houses / Buildings
We can undertake construction or acquire buildings to sell to our members or own to generate rental income ensuring sustainable value for the Society and its members.
1. Ukaguzi Housing Co-operative Society’s projects are affordable to every member, and all members have an equal opportunity.
2. We offer flexible payment plan to our members:
Cash Payment; a member pays a deposit of 30% and the balance is paid in 3 instalments within 90 days.
Financing; a member pays a commitment deposit of 10% and the balance is financed by the Society in form of a loan that is payable in 3years at 9%p.a.
Transfer of Monthly Savings; a member can request in writing to the Society for a transfer of all/part of his/her accumulated savings to purchase the project.
NB: We can tailor make a payment plan from the above three options.
3. Ukaguzi Housing Co-operative Society has qualified staff and a well able Board of Management who uphold integrity, unit of purpose and dynamism.
4. Being a society with 99% of members drawn from the Auditor-General`s Office, we are advantaged to have insider information from lands offices. This minimizes risks associated with land acquisition.
1. Complete an Application Form which can be gotten from our office or sent via email upon request.
To the application form, attach the following documents:
i) Copy of Identity Card
ii) Copy of PIN Certificate, and
iii) 2 passport size photographs.
2. A registration fee of Ksh. 2,000/-
3. Shares Contribution of Ksh. 20,000/- .
This can be built over time as will be agreed upon.
4. Monthly Contribution of any amount (minimum Ksh.2,000) goes towards offsetting member`s future identified project undertaken.
Being a member of Ukaguzi Housing Cooperative Society is often a stepping stone to investing in its projects, as it makes one eligible to participate in the housing investment opportunities offered, with flexible payment plans.
You can contribute your monthly savings with Ukaguzi Housing Cooperative Society through the check‑off system, standing order, or direct deposit, with a minimum contribution of Ksh. 2,000/- per month, ensuring your savings are consistently remitted and recorded.
The minimum contribution is Ksh. 2,000/- per month.
The investment model at Ukaguzi Housing Cooperative Society works by pooling members’ contributions to acquire and develop housing projects, which are then offered to members through affordable and flexible payment plans under a member-driven and transparent cooperative structure.
Decisions within Ukaguzi Housing Cooperative Society are made democratically by members, where members suggest areas of interest and vote during general meetings, while the elected management committee carries out due diligence and implements resolutions on behalf of the society. with major issues discussed and approved at general meetings and day-to-day matters handled by elected committee representatives in accordance with the Society’s bylaws.
Your investment with Ukaguzi Housing Cooperative Society is safe because it is protected under the Society’s bylaws, managed transparently by elected officials, and backed by collective member oversight.
Yes, you can withdraw your membership from Ukaguzi Housing Cooperative Society, and once notice is received, the refund will be processed within 60 days with the approval of management, subject to clearing any outstanding contributions or obligations.
Yes, Ukaguzi Housing Cooperative Society offers loans to finance projects within the Society at an interest rate of 9% per annum.
Members stay updated on projects and investment opportunities through official communication channels- including general meetings, notices, emails, and members’ WhatsApp groups managed by Ukaguzi Housing Cooperative Society.
Telephone number: +254 (0) 759016926
Email address: ukaguzihousing@gmail.com
Postal address: P.O Box 61055-00200 Nairobi
Office location: Anniversary Towers 3rd Floor,
Nairobi, Kenya.