Entaero Housing Co-operative Society Ltd (EHCSL) was registered on 1st August 2020 under the Co-operative Societies Act Cap. 490 (Revised 2012) with registration no. CS/25241. The EHCSL serves as an investment arm of Entaero SACCO Society Ltd (ESSL) members. This was fast-tracked due to the members of ESSL’s urgent need to get a sustainable pathway towards real estate investments in line with our motto; We Prosper, Together.
As per the Cooperative law and rules, EHCSL is a member-driven organization with nine (9) Management Committee members (MC) and three (3) Supervisory Committee members (SC) elected at the general meeting. A third of the MC and SC retire each year but may be re-elected. In addition, the society adopted a model where a Patron helps with matters vision and overall patronage to the Society.
It may be noted that EHCSL seeks to fill the gaps relative to forward looking investments in land and housing. This model of business is gaining traction since members decide their investment destiny, yet they are the supreme authority of the society. This is executed at the general meetings as has been demonstrated in past AGMs and SGMs. Indeed, since her registration, EHCSL has made great strides in the spheres of membership, now at 100+, governance, and investments. Further, the Share Capital has grown exponentially to over KShs. 5 million by end of December 2022. Please review our strategic plan, bylaws and consider joining this fast growing organization so your dreams turn into a reality.
The EHCSL prides itself with solid prime properties which are member-centric as to liquidity and appreciation in value. Current offers include: The Kikambala Holiday Homes Units - in Kilifi County, and Komarock gated community, quarter acre plots (100 Ft x100 Ft). There are more on the way including a 2-acre piece of land in Dakacha, Malindi. These are just but a few of the many opportunities in the pipeline. The Kikambala Heights Units investments sits on the second row and are about 100 meters from the Indian Ocean and neighbors Sun N Sand Resort - an international hospitality facility and one of the key global destinations in Kenya’s Coastal area. The unit investors buyers stand to earn lucrative revenues. The EHCSL continues to adhere to the Cooperative Principles, including the 7th principle of co-operatives – Concern for Community. In the same spectrum, the Komarock project offers to those who need a serene and controlled residential space near Nairobi. The original available 72 plots have reduced to 46 in number as the interest to catch pace soars. The plots are available to the public on a first come basis. It may be noted that a commercial center adjacent to the property is already mooted and will only add to the value of the 72 homes.
The EHCSL is open to forging partnerships and linkages in a bid to leverage on the link minded entities. We therefore welcome all partners ready and willing to team-play and /or complement the society’s efforts in delivering investments on land and houses to members, as well as members of the public. At the end of it all, the housing co-operative will play an important role, in Kilifi County and Kenya in general, in closing the wide gap of 500,000 housing units demand per year – as per the Department of Housing, 2021 report.
We Prosper, Together.
