Biblia Housing Co-operative Society
Armed with a desire to empower its members economically, Biblia Sacco created the investment arm of the society christened as Biblia Housing Co-operative Society Ltd, hereafter referred to as BHCS. The mandate of the Housing wing was to venture into investment in land and housing for the benefit of members. After some initial teething problems, BHCS has grown in leaps and bounds and currently its assets stand at Ksh 55Million. BHCS has enabled its members to acquire plots in prime areas in addition to paying attractive dividends. The most recent gift to its members was a dividend of 30% on shares and an interest
10% on deposits for the year ended 31st December 2014. This is one of the best payouts in the market.
BHCS is venturing into a new frontier of construction of affordable houses in Kitengela Milimani. Members are asked to be on the lookout for the roll out of the project in the coming months. Like we have done with the plots, we will endeavor to construct affordable houses that are of good quality, please prepare to jump in and reap the fruits of a good investment.
BHCS has projects currently in Joska, Kisaju and Kitengela Milimani.
Joska 3 is still available for sale, there areabout 20 plots left in this phase of Joska. BHCS has already allocated phase 1 and 2.
We are making good progress on the issuance of Title Deeds for the same. The RIM is now available for anyone to purchase at the lands office in Machakos. A map for the same is also available at Biblia Sacco Ltd offices for your viewing.
As a point of information, in Joska, a 50 X
100 piece is now selling at Ksh 450,000 in the market but Biblia Housing sold to you at a very affordable price.
Kitengela Milimani 3
Kitengela Milimani has been one of our success stories. All the pieces in this area have Title Deeds in the name of BHCS. We are currently selling 50 X 100 plots in Phase
3A at Ksh780,000 to our members, and to non-members between Ksh800,000 and
850,000 depending on the category. The
market price ranges from Ksh800,000 to Ksh1,000,000. Currently there are a few pieces remaining and it is likely that by August they will be finished.
BHCS also has a 2acre piece known as Milimani phase 3B. Here, we are planning to construct affordable houses for our members. Watch this space for more updates on the same.
BHCS has initiated and finalized the following projects:
1.Joska 1 (Along Kangundo Road)
2. Joska 2( Along Kangundo Road)
3. Kitengela Milimani 1(Kitengela town )
4.Kitengela Milimani 2( Kitengela town)
Joska phase 1 ( Along Kangundo Road)
We have finalized the subdivision and acquisition of the title numbers for Joska plots in kangundo road. The titles for this project will be ready soon.
Joska2 project was concluded with a total of
80 plots fully sold out . We have finalized the subdivision and acquisition of the title numbers for this piece. The Titles will be coming out soon.
This is fully sold as of today. The titles are in progress and we are hoping to have them before the end of this year. The Board will be calling on those who have invested in Olturoto to come and ballot. A date will be fixed and communicated to you soon. A piece of 50 X 100 in Olturoto is now going for Ksh350,000. Biblia Housing sold to you at Ksh250,000.
Balloting for Olturoto will be
on 18/07/2015 at the site (land)
Kitengela milimani 1.
Milimani 1 project was concluded with a total of 24 plots being transferred to BHCS’s name. Members who participated in this project are advised to contact Biblia Sacco Ltd office for transfer of their titles which are now available to their names. BHCS can facilitate the transfer at a fee of Ksh37,000.
Kitengela milimani 2
Milimani 2 project was concluded with a total of 40 plots measuring 50X100 with titles being transferred to BHCS’s name. Members who participated in this are advised to contact Biblia office for transfer of their titles to their names. BHCS can facilitate the transfer at a fee of Ksh37,000.
Looking Beyond Nairobi County and its Environs
What BHCS has done within the city and its environs is commendable. The Board feels it is now time to look beyond this horizon and invest in other counties.
As one of the members said during our last AGM…”Machakos is the place to be”, and we pose this question to you…where else after Joska and Kitengela?
We know we have a diverse membership from all over this great country, please come on board and take Biblia Housing Co-operative Society to your county. You will have taken Love and expansion to your door step. Could you please be our ambassador and help grow this investment?
Let us hear your voice because this is your society. Blessings