Background

The purpose of establishing any cooperative society is to look out for the best interest of it’s members and also contribute to the development of the society at large.

Co-operative societies are set up as a means to encourage disciplined personal savings and the wealth thus aggregated becomes a strong platform for self and mutual help for members.

Real estate Cooperatives are well entrenched in some societies. In Kenya, for example SACCOS account for about 38% of national savings and over 80% of home ownership finance.

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