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Kamuthi Housing Sacco
Kaigangio
#31 Posted : Thursday, May 19, 2016 2:22:19 PM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
Zenge wrote:
It is a clear case of poor management. I was there when they started off the new kamuthi from a small room at Maziwa. They clearly didnt have a strategic plan and once they got the land in Thika they got excited. Phase I went very well and they jumped on to phase II, the now so-called buffalo hills springs. The three guys (Ben-chairman, Secretary and Ngotho- Treasurer started reading themselves for riches) Their lifestyles changed fast and in came the big cars and a sense of entitlement and arrogance. In one meeting, they said that they had brought back the society from ashes and back to life therefore there was no need for any elections at the AGM.
They got greedy and seriously miscalculated the expansion as they jumped onto the Soya Dam estate project which again was an overpriced project as they siphoned cash from the society.
Listening to them i dont foresee any recovery anytime soon.
Once again the public gets to lose their hard earned investments.


....hehehehe I wish you could see MacBen being escorted home at midnight by at least five motorbikes from a certain ka bar in Kahawa West and pays a k to each of the escort almost on a daily base....don't worry. Your money is in good hands.
...besides, the presence of a safe alone does not signify that there is money inside...
MaichBlack
#32 Posted : Thursday, May 19, 2016 3:00:37 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,833
@Zenge - I attended one AGM and the when election time came, the Chairman said "Sitaki munibadilishie watu wangu juu tumeanza hizi project nao na ziko katikati bla bla bla".

Then a ka lady who had come in as sijui a supervisor from Cooperatives stood up and said "Mko na viongozi wazuri sana na wamefanya kazi mingi sana bla bla bla. Sio mzuri muwabadilishe kama hawajamaliza kazi hii bla bla bla..."

And I said to myself "This is some bullshit!!!".

I feel very sorry for the elderly members who have probably put in everything they had and now the are being adviced to take the 80k as loan from Sidian and hand it to the same fellows. And you can see how they are carried away by the bullshit peddled at the AGMs ati "The City Council (Now County) owes us money for land for part of Kahawa West and we have taken them to court. The government owes us money for the bypass that passed through our Kahawa West Land and we are following up bla bla bla bullshit. This money will accrue to the members and we will decide whether to buy land and subdivide amongst ourselves or just subdivide the money..."
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#33 Posted : Thursday, May 19, 2016 3:05:18 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,833
@Kaigangio - Are you a member? Are we likely to ever see our titles??

Ama hii itamalizika Kihui Mwiri style???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#34 Posted : Thursday, May 19, 2016 3:12:48 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,833
Kaigangio wrote:
Zenge wrote:
It is a clear case of poor management. I was there when they started off the new kamuthi from a small room at Maziwa. They clearly didnt have a strategic plan and once they got the land in Thika they got excited. Phase I went very well and they jumped on to phase II, the now so-called buffalo hills springs. The three guys (Ben-chairman, Secretary and Ngotho- Treasurer started reading themselves for riches) Their lifestyles changed fast and in came the big cars and a sense of entitlement and arrogance. In one meeting, they said that they had brought back the society from ashes and back to life therefore there was no need for any elections at the AGM.
They got greedy and seriously miscalculated the expansion as they jumped onto the Soya Dam estate project which again was an overpriced project as they siphoned cash from the society.
Listening to them i dont foresee any recovery anytime soon.
Once again the public gets to lose their hard earned investments.


....hehehehe I wish you could see MacBen being escorted home at midnight by at least five motorbikes from a certain ka bar in Kahawa West and pays a k to each of the escort almost on a daily base....don't worry. Your money is in good hands.

Are the motor bikes and their riders bullet proof? Unless he is protecting himself from an old woman who might attack him with a mwiko, that is a waste of time and money.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
enyands
#35 Posted : Thursday, May 19, 2016 4:16:25 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
MaichBlack wrote:
Kaigangio wrote:
Zenge wrote:
It is a clear case of poor management. I was there when they started off the new kamuthi from a small room at Maziwa. They clearly didnt have a strategic plan and once they got the land in Thika they got excited. Phase I went very well and they jumped on to phase II, the now so-called buffalo hills springs. The three guys (Ben-chairman, Secretary and Ngotho- Treasurer started reading themselves for riches) Their lifestyles changed fast and in came the big cars and a sense of entitlement and arrogance. In one meeting, they said that they had brought back the society from ashes and back to life therefore there was no need for any elections at the AGM.
They got greedy and seriously miscalculated the expansion as they jumped onto the Soya Dam estate project which again was an overpriced project as they siphoned cash from the society.
Listening to them i dont foresee any recovery anytime soon.
Once again the public gets to lose their hard earned investments.


....hehehehe I wish you could see MacBen being escorted home at midnight by at least five motorbikes from a certain ka bar in Kahawa West and pays a k to each of the escort almost on a daily base....don't worry. Your money is in good hands.

Are the motor bikes and their riders bullet proof? Unless he is protecting himself from an old woman who might attack him with a mwiko, that is a waste of time and money.



Meanwhile 5 saccos licenses suspended
Kratos
#36 Posted : Monday, May 23, 2016 8:41:13 AM
Rank: Veteran

Joined: 9/19/2011
Posts: 1,694
Pray Pray so what happens to us that purchased the land (non-members? Will we ever see the titles? Interestingly they keep saying that the plots are almost out, where are the other buyers ama ni mimi tuu?

“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
Swenani
#37 Posted : Monday, May 23, 2016 9:00:08 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Kratos wrote:
Pray Pray so what happens to us that purchased the land (non-members? Will we ever see the titles? Interestingly they keep saying that the plots are almost out, where are the other buyers ama ni mimi tuu?


This is a good time to seek the services of Mawinder
If Obiero did it, Who Am I?
Kratos
#38 Posted : Monday, May 23, 2016 9:52:16 AM
Rank: Veteran

Joined: 9/19/2011
Posts: 1,694
Swenani wrote:
Kratos wrote:
Pray Pray so what happens to us that purchased the land (non-members? Will we ever see the titles? Interestingly they keep saying that the plots are almost out, where are the other buyers ama ni mimi tuu?


This is a good time to seek the services of Mawinder


Sad Sad He who lives by the sword dies by the sword

“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
Euge
#39 Posted : Monday, May 23, 2016 10:22:39 AM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Mainat wrote:
Let me see if I can become a member

Forget it. We have lost our money. Please dont join us in our misery
Lord, thank you!
Swenani
#40 Posted : Monday, May 23, 2016 10:38:56 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Euge wrote:
Mainat wrote:
Let me see if I can become a member

Forget it. We have lost our money. Please dont join us in our misery


spread the misery!
If Obiero did it, Who Am I?
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