VISION: To be the leading provider of integrated housing solution in Kenya.

MISSION: To efficiently provide innovative and market led financial & advisory services to members with strong commitment to positive socio-economic change.

CORE VALUES

• Team work;
• Integrity;
• Respect and dignity of customers;
• Innovativeness and creativity;
• Efficiency and effectiveness;

OUR KEY OBJECTIVES ARE BUT NOT LIMITED TO:

• Provide integrated property solution;
• Finance both commercial and residential property;
• Provide low-cost housing solution to our members;
• Enable efficient supply chain management;

U&M Housing operates and supports the principles of co-operatives:

• Voluntary and Open Membership
• Democratic Member Control
• Economic Participation by Members.
• Autonomy and Independence
• Education, Training and Information
• Co-operation among Co-operatives
• Concern for Community in General

MEMBERSHIP CATEGORIES

      1   Individual / Joint Membership

2. Corporate membership – Chamas, Housing & Investment Co-operatives, Companies.
3. Diaspora Mortgage account.
4. Junior Savers Account

MORTGAGE PRODUCTS

1. Outright House Purchase Mortgage;
2. Construction Mortgage;
3. Plot Purchase Mortgage;
4. House Improvement Mortgage;
5. House Completion Mortgage;

Others:

1. Equity Release;
2. Jumuia Mortgage
3. Incremental House Construction
4. Cyclic Mortgage

NB: Houses could be either residential (owner-occupier) or commercial i.e. for income-generating)

Membership key loan features requirements

1.     INDIVUDAL/JOINT MEMBERS

Registration fee is Kshs 3,000. Minimum share capital: Kshs. 20,000 Loan granted: 4 or 5 times savings;

Loan repayment period: maximum of 15 years; Interest rate on our loans:

12% or 12.5% p.a reducing balance

2.     CORPORATE MEMBERSHIP

Registration fee Ksh. 10,000; Minimum share capital ksh. 50,000; Loan granted: 4 times savings;

Loan repayment period: maximum of 10 years; Interest rate on our loans:

12% or 12.5% p.a reducing balance.

3.     DIASPORA MORTGAGE ACCOUNT

• Membership requirement
• Registration fee……….. Ksh 3,000
• Minimum share capital contribution… Ksh 20,000
• Minimum monthly deposit …………. Ksh. 5,000
• Interest rate on our loans: 12% or 12.5% p.a reducing balance

Loan Security:  Title deed

4.     Junior Savers Account

A product targeting anyone below the age of 18 years.

Account to be held in trust by a parent or guardian until the junior member attains 18 years.

Features

• Membership fee- 1,000;
• Minimum share capital contribution- NIL;
• Minimum monthly savings- 1,000;

Jumuia Mortgage

A product for Individuals who are members and wish to undertake a common project. Either buy plot and/or construct house that will fit all member.

Incremental House Construction

KHC finance members to construct homes incrementally; from the house a member needs today to a house a member wants progressively.

Cyclic Mortgage

A product that offers customer convenience of repaying their mortgages in pre-agreed cycles (Bi- monthly, quarterly, semi-annually) that correspond to their income receipts. Product is suited for those in the informal sector whose income flow is varied.

www.youandmehousing.coop

Email: [email protected]

P.O. Box: 7360-00100, Nairobi

Contacts: 0709 00 740 / 0709 000 741

Hours of work (office open): 8am – 5pm – weekdays

Closed: Weekends and Public Holidays

REGIONAL PRESENCE

WHAT SETS US APART

• Customer service; personalized customer service;
• Technical assistance and advisory services;
• Affordable and stable interest rates calculated on a reducing balance basis;
• Three months’ grace period on both principal and interest;
• Longer loan tenures;
• Interactive process from the time a member joins until the project is completed and the loan repaid;
• Flexibility in the loaning process;
• No penalties on early loan redemption;
• Savings earn interest on monthly basis;
• No guarantors required.