In Nanyuki, a community of motorbike operators known as the Nanyuki Boda Boda Sacco (NABOSA) has transformed the lives of its members by construction of a KSh 150 million estate.
Back in 2017, the decision was made to transcend the cycle of renting and embark on a venture that would offer permanence and affordability.
The crux of their strategy was a daily contribution of KSh 50 from each member, laying the foundation for what would become a transformative initiative.
NABOSA Chairman, Patrick Waithaka, revealed the pivotal role played by these daily contributions. The initial challenge was to accumulate the necessary capital for construction.
“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.
The tangible fruits of their collective effort materialized in 2018 with the completion of the first phase of the estate, consisting of 60 houses.
Proud homeowners received the keys to their new abodes, a testament to the power of community-driven initiatives.
Over 100 NABOSA members actively participated in this endeavor, underlining the wide-ranging impact on the community.
Buoyed by their initial success, the Sacco continued the construction, providing not only housing solutions but also generating employment opportunities within their ranks.
The positive economic ripple effects were evident as some members were empowered to acquire private vehicles, symbolizing newfound financial stability.
James Kamiti, a beneficiary of the housing project, expressed his joy at no longer having to allocate funds to monthly rent. Formerly paying KSh 7,000 for rent at Lion’s Court, Kamiti now redirects those funds to savings.
Despite the modest size of his new home, the relief from the financial burden of rent has enabled him to repay loans, support his family, and enhance his overall quality of life.