Nanyuki Boda Boda Operators Build KSh 150m Estate after Saving KSh 50 Daily

0 1,324
  • Over 100 Nanyuki Boda Boda Sacco (NABOSA) members contributed KSh 50 each daily and built a multi-million estate on the outskirts of the town. 

 

 

 

  • NABOSA chairman Patrick Waithaka said they encouraged the operators to save a little to enable them to own their own houses. 

 

 

  • James Kamiti, a member of the Sacco, revealed he no longer pays rent and saves KSh 7,000 monthly

Nanyuki Boda Boda Sacco (NABOSA) members have built a KSh 150 million estate after adhering to a strict saving culture.

 

 

The Nanyuki boda boda operators saved KSh 50 each per day.Nanyuki boda boda operators built a KSh 150m estate. Photos: Screengrab/Citizen TV.
Source: UGC

 

 

The motorbike operators saved KSh 50 each daily, enabling them to own permanent affordable houses as they created jobs for members.

 

 

 

NABOSA chairman Patrick Waithaka revealed construction works began in 2017 as they sought to stop living in rental houses.

 

 

“The bank told us that the capital needed to begin construction for each individual house was at least 20% of the total KSh 700,000 so we started making contributions and by December 2016 a majority of us had saved the 20%,” Waithaka told Citizen TV.

 

NABOSA hands houses to owners

Waithaka disclosed that the first complete phase of 60 houses was handed to respective owners in 2018.

 

 

According to Who Owns Kenya, over 100 NABOSA members were involved in the multi-million project.

 

 

 

The Sacco continued to build more units for members as it encouraged them to save more. This paved the way for some members to buy private cars and trucks.

 

 

James Kamiti, a member of the Sacco, was excited that he no longer has to pay rent as he now owns a house. Kamiti used to pay a monthly rent of KSh 7,000 at Lion’s Court.

“The money that I used to pay rent I now save and even if the house is small at least I can pay back my loan, feed my family and continue with my life,” he said.

 

Nairobi boda boda rider unveils simple home

In Nairobi, Joseph Munyoki, a boda boda rider, unveiled a KSh 470,000 house he built using proceeds from his business.

 

 

Munyoki told the media that he saved for years for the project, whose construction started in late 2021.

He was complimented after sharing photos of his humble house in a Facebook group.

Leave a comment