Urithi Housing Co-operative society limited has hit out at social media users who have been flickering attacks in a bid to tarnish real estate players.
According to a press statement written and signed by the co-operative chairman Samuel Maina, some social media users have been using the internet power to cause fear and suspicion with vested interests.
Maina says that while some of the internet users are are extortionists who hide in plain sight as they drive their agenda behind the scenes, the co-operative is profiling such persons with a view of exposing their ulterior motives and will soon release their findings.
“Our Members should be aware of such activities and should remain vigilant to avoid playing into the hands and focus on what is the core reason for belonging with the Co-operative. We are determined to not allow them to distort our model or sway us from our vision which is singularly geared towards improving the lives of all Kenyans by offering affordable land and housing solutions,” said Maina in a section of the statement.
The investor said that Urithi has been a major and formidable player in the real estate industry and has impacted positively the lives of many Kenyans.
“To be precise Urithi has managed, within 7 years of operations, to build and handover five hundred and fifty (550) houses across different regions and over one thousand two hundred (1200) houses underway which are priced from as low as Kshs. 500,000/- with a very friendly payment plan so as to take care of the needs of our Members,” he said.
He asserted that the co-operative has since inception issued over six thousand and five hundred (6500) Title Deeds across the Country.
“We have managed all these through our model of buying together which is geared towards enabling our Members to acquire property with ease and without incurring additional financial obligations which can be brought about by seeking loans,” he further stated in the statement.
He said that the social economic model that the co-operative has adopted gives a soft landing for its Members causing some Members to default in making payments towards offsetting their balances, which is somewhat understandable based on the harsh economic situation in the Country in the last couple of years.
“However, we are now imploring on all Members to honor their obligations as we envision a reduction of the Kshs. 2B owed to the Co-operative,” he said.
He called on the co-operative members to use their offices facilities to lodge their concerns further urging them to stay vigilant and defend the Co-operative which he said is steadfastly committed to the course of helping Kenyans in attaining affordable settlement solutions.