Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
The Organisation, Management and Finance of Housing Cooperatives in Kenya

The Organisation, Management and Finance of Housing Cooperatives in Kenya

Ratings: (0)|Views: 1,977 |Likes:
In the past fifty years, there has been an unprecedented increase in urban population which directly translates into a mushrooming of slums worldwide. In 2001, 924 million people or 31.6% of the world’s urban population lived in the slums, with the majority being from the developing regions. Indeed, it has been documented that African cities have experienced the fastest population growth rates in the World history. However, they have been unable to cope with the increasing demand for essential services like housing, health and education. As a consequence, a rapidly increasing number of urban dwellers in Africa live in poverty and reside in overcrowded slums which lack the essentials to sustain even a modest living.
It is in this regard, that housing cooperatives have become an essential means in dealing with the challenges of over-urbanization in Kenya. Several initiatives by the Government, UN-HABITAT, the public and the private sector have been underway in the establishment of housing cooperatives particularly for the low-income earners. There has also been a mushrooming of micro financing institutions to enable the formation and sustainability of new housing co-operatives. These co-operative societies also play a significant role towards a country’s economic growth. The UN estimated that in 1994 the livelihood of nearly 3 billion people or half of the world’s population was made secure by cooperative enterprises. Indeed, in Kenya, Cooperatives employment creation amounts to 240,000 people and contributes to 45% of the Gross Domestic Product.
In the past fifty years, there has been an unprecedented increase in urban population which directly translates into a mushrooming of slums worldwide. In 2001, 924 million people or 31.6% of the world’s urban population lived in the slums, with the majority being from the developing regions. Indeed, it has been documented that African cities have experienced the fastest population growth rates in the World history. However, they have been unable to cope with the increasing demand for essential services like housing, health and education. As a consequence, a rapidly increasing number of urban dwellers in Africa live in poverty and reside in overcrowded slums which lack the essentials to sustain even a modest living.
It is in this regard, that housing cooperatives have become an essential means in dealing with the challenges of over-urbanization in Kenya. Several initiatives by the Government, UN-HABITAT, the public and the private sector have been underway in the establishment of housing cooperatives particularly for the low-income earners. There has also been a mushrooming of micro financing institutions to enable the formation and sustainability of new housing co-operatives. These co-operative societies also play a significant role towards a country’s economic growth. The UN estimated that in 1994 the livelihood of nearly 3 billion people or half of the world’s population was made secure by cooperative enterprises. Indeed, in Kenya, Cooperatives employment creation amounts to 240,000 people and contributes to 45% of the Gross Domestic Product.

More info:

Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

03/26/2014

pdf

text

original

 
THE ORGANIZATION, MANAGEMENT AND
FINANCE OF HOUSING
COOPERATIVES IN KENYA
THE ORGANIZATION, MANAGEMENT AND
FINANCE OF HOUSING
COOPERATIVES IN KENYA
 
Sec1:i
United Nations Human Settlements ProgrammeNairobi 2010
THE ORGANISATION, MANAGEMENT AND FINANCE OF HOUSING COOPERATIVES
IN KENYA
 
ii
Te Global Urban Economic Dialogue Series
 Te Organisation, Management and Finance of Housing Cooperatives in Kenya First published in Nairobi in 2010 by UN-HABIA . Copyright © United Nations Human Settlements Programme 2010 All rights reserved United Nations Human Settlements Programme (UN-HABIA) P. O. Box 30030, 00100 Nairobi GPO KENYA el: 254-020-7623120 (Central Office)  www.unhabitat.org HS/153/10E ISBN (Series): 978-92-1-132027-5 ISBN (Volume) 978-92-1-132268-2
Disclaimer
Te designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers of boundaries. Views expressed in this publication do not necessarily reflect those of the United Nations Human Settlements Programme, the United Nations, or its Member States.Excerpts may be reproduced without authorization, on condition that the source is indicated.
 Acknowledgements:
Director: Oyebanji Oyeyinka Principal Editor and Manager: Xing Quan Zhang Principal Author: Juvenalis Baitu English Editor: Roman Rollnick Design and Layout: Andrew Ondoo

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->