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Urithi Housing Cooperative Society will borrow Sh2 billion from the local market to finance its expansion plan. This follows shareholders’ approval to have the directors source funding from the local market to finance expansion.
Chairman Samuel Maina recently told shareholders during their Annual General Meeting in Ruiru, Kiambu County that the cash will fund new investments such as schools to be established in Thika, Nakuru and Mombasa towns. Maina disclosed that an independent SACCO - Urithi Premier SACCO has been constituted to act as the source of funds to finance members from the parent company - Urithi Housing Cooperative Society.
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