Membership
Membership is open to public and shall consist of:
- Original members who signed the application for registration;
- New members subsequently admitted in accordance with the by-laws.
A person who possesses the following qualifications shall be eligible for membership:
- Has attained the age of 18 years except in case of a minor who is heir to a deceased member;
- Is of sound mind;
- Pays entrance fee of Kshs. 2,000 and minimum share capital of Kshs, 10,000 payable within 3 months from the date of registration.
- Each member is encouraged to make monthly contributions of a minimum of Kshs. 1,000 which goes to his/her deposit account therefore increasing savings and once land is identified a member tops up on his/her savings.
- Members may be called upon to make deposits for land that has been identified for purchase.
Exiting
Membership is voluntary but when one wishes to cease
being a member of the Hazina Housing cooperative society, all of his/her savings are refundable to him/her. This excludes the entrance fee and the share capital. The share capital is transferable to the next of kin or can be sold off to any member joining Hazina Housing Cooperative Society Ltd.
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