AFYA HOLDING CO-OPERATIVE
SOCIETY LTD
This comprises of a seven-storey building
located at the Junction of Muranga and Tom Mboya Road.
Afya Co-operative House was the first investment to
be acquired by the society in 1982 and it acted as
Afya Sacco Society’s’ headquarters until
1995 when the Society moved its operations to the
purpose built, modern Afya Centre Building.
The Afya Holding Co-Operative Society Ltd pays dividends to its members every even year. Members who would like to redeem their shares can sell to the Afya Sacco Society.
AFYA
INVESTMENTS CO-OPERATIVE SOCIETY LTD
This comprises of 16 residential maisonettes
located at Kamburu Drive off Ngong Road and Afya Co-operative
Center a 21-storey high-rise building, situated in
Nairobi City. Afya Investments are fully owned by
the shareholders of Afya Sacco. Both the maisonettes
and Co-operative House are rented out to generate
income to members. This income flows back to members
as dividends which are distributed yearly.
Afya Center acts as the Headquarters
of both Afya Sacco Society and the Front Office Services
Activities of the Sacco (FOSA). It is a major business
center that houses specialized medical clinics, banks,
restaurant amongst other offices.
Over
the counter: Afya Investment has pioneered
an over the counter (O.T.C) facility, in
the field of share trading, that enables members trade
their Investment shares (not listed in the stock exchange).
The concept of the over the counter (O.T.C)
follows that of the stock exchange; that is; willing
seller, willing buyer, with prices being determined
by market forces. The
facility is being operated from the Investment Offices
at Afya Centre and is open to members of Afya Sacco
Ltd. A transfer fee of 3% of the value of the shares is charged subject to a minimum of Kshs. 100.
Both the Afya Holding and Investment
have created a solid financial base for the Afya Society
and the members as a whole.
Branch
Investments:
The Society encourages members to
come together to undertake investments in the branches
through joint ventures in identified projects such
as land buying, plots development, starting business
enterprises etc.
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