Sacco members reaping benefits of investment in land

Investing in land is proving an attractive option to members of Chai Savings and Credit Co-operative Society. Through its Chai Diamond Investment Limited subsidiary, the Sacco has provided opportunities for members to invest in land with Kitengela and Nakuru projects having been oversubscribed. The company purchased 20 acres at Kitengela in September 2013 and demarcated into one eighth of an acre plots. The plots were sold within one week and balloting was the following month. Due to overwhelming demand, an extra 20 acres were bought in the same area. All the plots were sold by close of the year. The processing of the titles for Kitengela Phase 1 is in progress. The company plans to invest in Nakuru, Bomet and Mombasa this year.
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