020-6651349/53 EXT.254
P.O. Box 78452-00507, NAIROBI | Kenya Industrial Estates Ltd, Likoni/Lusingeti Rd
info@viwandahousing.co.ke

FAQs

1. WHO CAN JOIN VIWANDA HOUSING CO-OPERATIVE SOCIETY LTD (VHCS LTD)?
  • Any person can join VHCS LTD from all the segments of the market including:
  • Public Service employees.
  • Employees of Kenya Industrial Estates
  • Government Institutions/Parastatals
  • Employees in Private Companies and NGO’s
  • Self –Employed Individuals
  • Self-Help Registered Groups and Community Based Organizations.
2. HOW DO I BECOME MEMBER OF VHCS LTD SOCIETY?

Fill in membership forms that can either be downloaded from our website or can be obtained from our offices.

  • Attach a Copy of the National Identity Card, KRA PIN and a coloured passport size photograph.
  • Entrance fee Kshs. 1,000/-
  • Minimum Monthly Contributions currently Kshs. 2000 and Kshs. 150 being VHCS Benevolent Fund Monthly & Kshs.300 Administrative funds.
  • Share Capital of Kshs. 50,000 initial deposit of Kshs. 2,000 and Kshs. 2000 for the next 24 months.
3. WHAT ARE THE BENEFITS OF BEING A MEMBER OF VHCS LTD ?
  • Acquisition of property and transfer to members at affordable rates.
  • Undertake building operations by such means either directly or indirectly
  • Acquire and relinquish lands, buildings and rights over land and buildings by purchase, lease or any other means as may be necessary for the attainment of these objects.
4. WHEN WAS VHCS LTD ESTABLISHED?
  • Established in 2013 by the staff members of the Kenya Industrial Estates a public Corporation established under currently the Ministry of Co-operatives and Micro and Small Enterprises.
5. INVESTMENT TITLE DEEDS
  • All our plots come with ready tittle deeds. You will not have to follow up with the Lands commission/Ministry of Lands.
6. WHAT ARE DEPOSITS?
  • This is monthly savings made to the Society by its members and is non –withdrawal except in complete termination of membership or upon death.
7. WHAT IS SHARE CAPITAL?
  • It’s the money invested in a Society by its shareholders. It’s a long term source of finance. It represents a unit of ownership. All societies are required by law to have minimum share capital. In Viwanda Housing Co-operative society the minimum is Kshs.50,000 e. 500 shares with a par value of 100/- each. For that reason this money cannot be withdrawn but only transferable in the event the member ceases membership.
8. CAN I TRANSFER MY DEPOSITS TO ANOTHER MEMBER?
  • Yes, all a member needs to do is to instruct the society in writing to transfer the deposits to another person.
9. CAN I CONTINUE MY MEMBERSHIP AS AN INDIVIDUAL MEMBER AFTER LEAVING THE ORGANIZATION I CURRENTLY WORK FOR?
  • Yes, what you need to do is place a monthly bank standing order for deposit.
10. CAN I PAY EXTRA AMOUNTS OUTSIDE PAYROLL?

You can pay extra contributions/ Land payments using:

1. M-PESA PayBill Number: 4020041

  • Go to M-PESA on your phone
  • Select Pay Bill option
  • Enter Business no : 4020041
  • Enter Account No : FULL NAMES
  • Enter the Amount KES
  • Enter your M-PESA PIN and Send
  • You will receive a confirmation SMS from M-PESA with a Confirmation Code

2. Co-operative Bank  of Kenya

  • Co-operative Bank  of Kenya
  • Branch                     : INDUSTRIAL AREA   
  • Account Number    : 01120496450200
11. HOW CAN I WITHDRAW FROM THE SOCIETY?
  • Give written notice of 60 days
  • Withdrawal is subject to clearance of all Sacco liabilities
12. WHO OWNS VIWANDA HOUSING CO-OPERATIVE SOCIETY LTD ?
  • The Society is owned by the Members
13. WHAT IS THE ASSURANCE OF THE SOCIETY’S STABILITY AND WHAT MEASURES HAS VHCS LTD PUT IN PLACE TO ENSURE IT REMAINS STABLE?

The Board and Management are managing the Society as per the Co-operative societies ACT, Rules, and Society By-Laws. The Society has implemented the use of good Corporate Governance and the Code of Ethics hence stability is guaranteed. The Society holds AGM’S yearly where reports and accounts are presented to the members. The Society is also regulated by the Government through the Ministry of Co-operatives and Micro and Small Enterprises.

For more details contact the Management :

Telephone: 020-6651348/53

P.O Box 58452–00507Nairobi

Email: info@viwandahousing.co.ke