Real estate has been a measure of the wealthy for a long time. The moment you measure real estate investments, the middle class bury their heads in sand and generally move aside. Well! You do not have to shy away more. Amaka Fund has simple channels to access decent, affordable housing projects for home owners, investors and developers.
Amaka Fund has four funds that actualize project financing as explained below:
Amaka Home Ownership Savings Plan (HOSP)
If you are an individual looking to purchase your dream home, then this fund is right for you. All you require to qualify for this fund is be Kenyan, have a national Id card and pass a credit appraisal test.
Each member is eligible for one housing unit and is required to make a minimum deposit of KES 500 followed by subsequent top ups. Redemption is done after a holding period of 3 years while valuations and issue of units are done daily. Additionally, all our projects are developed in prime locations ensuring you receive the best access to amenities.
Amaka Property Developers
Are you a developer and need to partner with a reliable, organized program that has both the private and public sector? Look no further!
Eligibility for the Amaka property developers fund is upon pre-qualification under the Affordable Housing Program. As a developer, you will have to agree on the offtake price, the number of units, delivery date and project standards beforehand. You will then be issued with an offtake guarantee that is redeemed as full payment after handing over of title documents and occupation certificates.
Amaka QI Tenant Purchase Scheme Fund
Do you have a cash load that you would like to invest in a fixed income security with a high reward potential? If yes, then the tenant purchase scheme for qualified investors is yours for the taking. With a minimum of KES 1,000,000, you or your institution can invest with Amaka Fund.
As a seasoned investor you will purchase units with Amaka Fund and receive a fixed coupon that is paid either semi annually or annually. The minimum investment stands at KES 1M and attracts equal subsequent top ups. The redemption period for this investment is 5 years, moreso the fund undergoes monthly valuations and issue of units.
Amaka Tenant Purchase Scheme (TPS)
Looking for a home is not an easy task, but with Amaka Fund you can easily get issued with your own apartment. All you need to do is register in the Amaka Portal and start saving to meet the required down payment on your selected property.
Payments are only made to the developer upon satisfactory completion of the project and transfer of title. This way, you as a buyer or investor remain shielded from any push and pull that may arise from the developers side. After passing the credit appraisal and completing the set 20% down payment, you can move into the house and continue with the payments. House ownership and title are transferred at the completion of payments.
Amaka Fund has everything you need; be it an investment option, your dream home or your potential dream job as a developer.
Register now at https://ke.kwelicapital.com/amaka-fund and start your investment journey. With as little as KES 500 and as much as KES 1,000,000 Amaka Fund has room for you.
