KMA Housing Co-operative Society was started in 1981 as a response to a felt need among doctors. This followed an industrial in the medical fraternity where doctors were evicted from government houses and their families incarcerated as the government’s strategy to force them back to work.
Banks could not lend to doctors because their salaries at the time were not attractive. KMA Housing was hence developed to offer affordable housing for doctors.
Since its inception, it has provided housing to many doctors in projects that include South C that was completed in the 1990s and has 61 units that sold at between Kshs 1 and Kshs 2 million each.
The Langata Otiende Project was the second one. It was completed in 2004 and has a total of 112 units all maisonettes which cost between Kshs 3.9 and Kshs 4.5 million. The project cost Kshs 400 million.
Riara Road, now called Bamboo Lane Apartment Management Company Limited, was the third project. The project has 52 apartments all three bedrooms each costing Kshs 5.9 million. It was completed at a total cost of Kshs 300 million.
The Society has just completed the construction of 160 apartments at Mtwapa with a cost of approximately Kshs 1.2 billion. Each house will go for Kshs 8.3 million.
The society remains committed to its initial goal of providing affordable housing to doctors.
VISION
The Society’s Vision is“To be the leading and preferred housing Co-operative society creating wealth for its members.”
MISSION
The Mission of the Society is “To provide housing and create wealth for its members through diverse investment avenues.”
CORE VALUES
- Good governance
- Integrity
- Efficiency
- Inclusive
- Environmental consciousness
Core Functions
- Purchase of land for or on behalf of the members
- Plan and subdivide the land
- Conveyance and delivery of the title deeds to the buyers
- Construction of affordable houses for members
Objectives
- To enable doctors pool their financial resources and purchase land at cost price, subdivide it and allot to the members.
- To enable doctors put up and own decent homes for their families.
Our Clients
Our Mandate
Our mandate is derived from the Cooperative Society Act No. 12 Cap 490 as amended in the year 2004 and other laws and rules related to the Co-operative Societies.
The Society is governed under the best corporate governance practice of separation of roles and responsibilities. The AGM is the ultimate decision making organ. It is composed of all bona fide members of the society. During the AGM, a Management Board of 9 people is elected to give general guidance and oversight to the office of the Chief Executive Officer. The CEO is responsible for the day to day running of the society.
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Committee Members
- Dr. Hezra Odondi Opere
- Dr. Benjamin Odongo
- Dr. Gladys Mwango
- Dr. Stella Bosire
- Dr. Catherine Mutisya
- Prof. Elizabeth Anne Bukusi
- Dr. Stephen Ochiel
- Dr. Jackson Njuguna
- Dr. Laban Thiga
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Office Team
- Mrs. Peninah O – CEO
- Mr. John Ogola – Accountant
- Mr. Richard Onchonga – Office Assistant
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