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Frequently Asked Questions - Frequently Asked Questions

Wanandege Sacco deals with short term activities like loans to members, while Wanandege Housing deals with Long term activities i.e. investments where you buy shares and in return get dividends and also you are entitled to share certificates hence a share holder.

 

 

 

Wanandege phase two basically is shares of the Wanandege plaza building while Wanandege Housing deals with investments.

  • Members benefit by acquiring property at affordable rates.
  • The society offers for its members a risk free avenue for acquiring property.
  • Project financing is availed to members at lower interest rates.
  • Members are continuously educated on market trends in property sector.
  • The society invests on behalf of members and gives back a maximized return on investment to its shareholders.

Every member is encouraged to attain 150 shares through their monthly contributions so that the society can meet its mandate through economies of scale.

 

 

 

  • By pooling more resources members will be able to acquire property at cheaper rates due to economies of scale.
  • Members will benefit from low interest rates in property acquisition since the society will fund its own projects without borrowing from financial institutions.
  • Members are set to receive higher dividends annually.
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