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Urithi Housing Sacco
Mukiri
#81 Posted : Friday, February 05, 2016 10:57:45 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Wondergirl wrote:
kenmac wrote:
Gakuyo have been promoting an investment club where they offer 2% interest per month.
The investors give cash to the guys and they build houses to sell.

Sounds a too good deal.

Anyone tried it here?

yes, I have. So far so good

How goes the 2%? They have quite a number of projects running concurrently, might be biting more than they can chew?

Proverbs 19:21
Pesa Nane
#82 Posted : Thursday, April 07, 2016 11:06:29 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane wrote:
The budding UNAITAS / URITHI Housing Coop friendship seems to have died prematurely. URITHI now have a courtship with RAFIKI DTM.
Urithi CEO quoted saying Urithi + Rafiki = URAFIKI


Pray Pray Pray
Pesa Nane plans to be shilingi when he grows up.
murchr
#83 Posted : Thursday, April 07, 2016 11:11:52 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Pesa Nane wrote:
Pesa Nane wrote:
The budding UNAITAS / URITHI Housing Coop friendship seems to have died prematurely. URITHI now have a courtship with RAFIKI DTM.
Urithi CEO quoted saying Urithi + Rafiki = URAFIKI


Pray Pray Pray


Wacha ikae hivyo
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
enyands
#84 Posted : Friday, April 08, 2016 1:45:38 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
Pesa Nane wrote:
Pesa Nane wrote:
The budding UNAITAS / URITHI Housing Coop friendship seems to have died prematurely. URITHI now have a courtship with RAFIKI DTM.
Urithi CEO quoted saying Urithi + Rafiki = URAFIKI


Pray Pray Pray


Wacha ikae hivyo



Laughing out loudly
Othelo
#85 Posted : Friday, April 08, 2016 11:17:06 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
enyands wrote:
murchr wrote:
Pesa Nane wrote:
Pesa Nane wrote:
The budding UNAITAS / URITHI Housing Coop friendship seems to have died prematurely. URITHI now have a courtship with RAFIKI DTM.
Urithi CEO quoted saying Urithi + Rafiki = URAFIKI


Pray Pray Pray


Wacha ikae hivyo



Laughing out loudly

Birds of a feather ...... i love wazua, with never ending memory specs smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Mtu Biz
#86 Posted : Friday, July 29, 2016 8:21:28 AM
Rank: Veteran

Joined: 1/16/2007
Posts: 1,320
So I had a look at nyumba mia phase 1 in juja the other day. In my observation that project is less than 50% done..I understand it was sold out about2 years ago?
So they tell me phase 2 is sold out as well and phase 3 is currently flying off the shelf.

So phase 1 sold out 2 years ago less than 50% done even the showhouse is incomplete.. no ceiling
Phase 2 sold out..
Phase 3 selling..

Will phase 1 be delivered?
With nothing going on at the site 2 years later?



Sola Scriptura


Sir invest
#87 Posted : Friday, July 29, 2016 11:04:09 AM
Rank: Member

Joined: 8/19/2015
Posts: 125
Dont touch anything by the name Urith!or else U regret alone.
Prime
#88 Posted : Wednesday, October 12, 2016 3:49:37 PM
Rank: Member

Joined: 2/27/2011
Posts: 518
Hi guys,
I would wish to hear your experience in regards to previous deals that urithi cooperative has offered. have they kept their word?
of particular interest is a fish farming project in maragua that they are offering. Below is a summary, if there are any insiders here kindly feel free to elaborate further on the issue.
Invest 250k in a fish pond (several ponds available). The contract runs for four years.
The first 6 months earns 50k, the next 6 months another 50k. Things get a little interesting over the remainder or the three years. You actually get to earn 37,500 monthly over the 3 years.
This totals to 1,450,000 over the duration of the 4 years.
Might seem normal until you prorate using a figure of about 3M. The initial 6 months nets one 600k, next 6 months another 600k. every month from the 13 th month (2nd year) till the end of the 4 years gets one 450,000. every month. total returns from 3 M would amount to 16,200,000.
Seems mind boggling. However, assuming they were able to double cash in a year, simple geometric progression should put the total amount in 4 years at 48,000,000.
Kind villagers, whats the catch here.
Prime
#89 Posted : Wednesday, October 12, 2016 3:50:42 PM
Rank: Member

Joined: 2/27/2011
Posts: 518
Sir invest wrote:
Dont touch anything by the name Urith!or else U regret alone.



Sir,
Kindly justify your sentiments.
Angelica _ann
#90 Posted : Wednesday, October 12, 2016 7:31:21 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Prime wrote:
Hi guys,
I would wish to hear your experience in regards to previous deals that urithi cooperative has offered. have they kept their word?
of particular interest is a fish farming project in maragua that they are offering. Below is a summary, if there are any insiders here kindly feel free to elaborate further on the issue.
Invest 250k in a fish pond (several ponds available). The contract runs for four years.
The first 6 months earns 50k, the next 6 months another 50k. Things get a little interesting over the remainder or the three years. You actually get to earn 37,500 monthly over the 3 years.
This totals to 1,450,000 over the duration of the 4 years.
Might seem normal until you prorate using a figure of about 3M. The initial 6 months nets one 600k, next 6 months another 600k. every month from the 13 th month (2nd year) till the end of the 4 years gets one 450,000. every month. total returns from 3 M would amount to 16,200,000.
Seems mind boggling. However, assuming they were able to double cash in a year, simple geometric progression should put the total amount in 4 years at 48,000,000.
Kind villagers, whats the catch here.

You have answered yourself, are those projections natural/kawaida. Anyway ask @washiku whose brother lost on pond business to clarify smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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