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Kusco’s Sh1.3 bn estate in Kitengela nearly done

Mr Daniel Ojijo, chief executive of Villacare Ltd . PHOTO| LUKORITO JONES

What you need to know:

  • The estate, located about 1.5km from the main Kitengela Road near Kitengela International School, is set on an 11.5-acre piece of land.

  • The Kusco Housing Fund is also offering a mortgage loan for buying the houses at an interest rate of 14 per cent, provided one is a member of a sacco. The loans are capped at Sh7 million and for a maximum 15 years.

The Kenya Union of Savings and Credit Co-operatives (Kusco) is set to complete a Sh1.3 billion estate in Kitengela as it diversifies into real estate to increase its earnings.

The 120 three-bedroom maisonettes, which target middle-income earners, are going for Sh10.5 million each.