Construction Financing

We provide affordable and sustainable Jenga Nyumba yangu Loan Product geared towards providing affordable housing.

Project Management

We oversee everything about our client’s project from site visit, construction monitoring, approvals amid others.

Design Consultancy

We offer site analysis, conceptual and schematic design, design development, overseeing of interior design, cost estimation, and creation of a detailed Bill of Quantities (BOQ)

WHY CHOSE EME SACCO

Affordable Construction Financing

We offer construction loans covering up to 70% of project costs, enabling our clients to build homes with minimal upfront investment. This approach addresses the financial barriers many face in homeownership.

Comprehensive Project Management

Beyond financing, we provide end-to-end construction services, ensuring quality and consistency throughout the building process. The client gets to watch his/her project be built hassle- free.

Client-Centric Approach

By allowing clients to choose specific features they like, we tailor make projects to individual preferences, enhancing customer satisfaction.

ALL HOMES

2 Bedrooms

3 Bedrooms

Perimeter Walls

3 Bedroom With Floor Plan

Commercial Buildings/Appartments

4 Bedroom With Floor Plan

Studio/DSQ

More information: 2 Bedroom Bungalow

• Size: 110 ft
• Type: Concealed Roof
• Bedrooms: 2
• Price: Ksh. 69,362.00/= only, Per Month For 7 Years

Pitch Roofed 3 Bedroom Bungalow

More information: Master Ensuite Bedroom with walk-in closet, 3 bedrooms

with a common washroom, Dining Area, Living Room, Open Plan Kitchen, Built-in Wardrobes for the two bedrooms, Pantry, 1000 litres internal storage tank & 6, 000 litres reserve tank, Foyer at the main entrance, Septic tank, Tiled floors, 2 steel doors.

• Size: 130sqft
• Type: Pitch Roofed
• Bedrooms: 3
• Price: Ksh. 87386.00/= only, Per Month For 7 Years

Hybrid 4 Bedroom Mansion

More information: Features Ground Floor Dining Area, Living Room, Pantry, One Bedroom ensuite, Open Plan Kitchen, Cloakroom, Foyer at the main entrance, 3 steel doors, 6000ltrs internal storage tank. 1st Floor Master Ensuite Bedroom with walk-in closet and balcony, 3 bedrooms with built-in wardrobes and a shared washroom, One Extra balcony, Stairs, and tiled floors.

• Size: 232 Sqft
• Type: Flatroofed
• Bedrooms: 4
• Price: Ksh. 153381.00/= only, Per Month For 7 Years

Hybrid Pitch Roof 4 Bedroom Mansion

More information: 

• Size: 242 Sqft
• Type: Hybrid Pitch Roof
• Bedrooms: 4
• Price: Ksh. 164471.00/= only, Per Month For 7 Years

·        Own a Home

• At Emesccos Ltd, we have streamlined the path to homeownership, making it easier and more accessible than ever before. With our innovative approach, owning a home becomes an achievable reality. We offer flexible financing options, tailored to suit your unique circumstances, ensuring that your dream of homeownership fits comfortably within your budget.
• Enroll Now

·        Sustainable Loans.

• Housing is a basic need. Emesccos provides the affordable and sustainable Jenga Nyumba yangu loan products geared towards providing affordable housing to its members.

·        Construction Services.

• Attached to the Jenga Nyumba yangu Loan Product, members are offered full construction services by the society’s contractors to help members construct with efficiency and timeliness.

Our Terms and Conditions

01. Loan Security.

Borrower agrees that on or before the date of this agreement shall deliver the following document to the lender;

• A title deed to a parcel of land upon which the construction project will be executed.
• The borrower must possess a personal title deed written under his or her name.
• In case of the title deed belonging to a second party, the company will require written consent from the second party to use the title deed.
• The title deed must be free from any distress. Title deeds held up with other financing institutions shall not be accepted.
• If there are any family disputes concerning the title deed, Emesccos ltd will not be part and parcel of that. If in such a case payments had been made and the project had kick-started, payments made will be considered utilized and thus if the client will have a second location, they will have to make a new payment for the exercise to be conducted.

2. Loan Terms.

(A). Deposits

• The borrower shall be required to make a 30% deposit of the loan amount depending on the selected house design.
• In cases where the borrower is not financially ready with the minimum deposit for the construction to happen, the client will be allowed to make installments payments but will be made to understand that the construction will only start once the minimum deposit has been made.
• In a case where the client/borrower is ready with the 30% deposit, they will proceed to sign the construction agreement for the construction to commence.
• The client can also deposit more than the required 30% minimum deposit to kickstart the project if they chose to do so.
• The Company/Sacco can also enter into a construction agreement with a client not seeking a loan facility for construction on the condition that the client provides the full finances to undertake the project.

(C). Expenses

• In case the client changes any component of the construction along the way, QS will have to re-evaluate the change costs and charge the customer. This will have to be paid for immediately.
• In case a statutory requirement is delayed, Emesccos ltd shall not be held liable.

(B). Loan Repayment Term

• The Loan shall be payable up to a maximum of seven (7) years. The exact loan term shall be as discussed and signed in the Loan application form.
• The loan interest rate for the construction loan will be at 12% on a reducing balance rate. With a monthly standard payment plan which the borrower is expected to honor without fail.

A customer can default a loan in three ways:

• If the client fails to completely repay the remaining 70% of the loan.
• If the client fails to repay the monthly instalment as agreed.
• If the client fails to repay the monthly instalment on the stipulated timeline.

Actionable

If the client fails to repay any instalment within 60 days, the directive will be to:

• Repossess or auction the property.
• If the client fails to repay the loan on the agreed instalments or on the agreed timelines there will be added penalties incurred.

Construction Process

Expression of Interest

Client expresses interest to construct and commits with a deposit of KES 30,000. Emesccos Ltd kicks off by performing due diligence including a site visit, title deed search, and KYC verification.

Client Authorization Stage

Emeccos Ltd shares project details with contractor for preparation of a Bill of Quantities, BOQ

Project Assignment

Emesccos Ltd provides Bill of Quantities within a maximum of 14 working days.

Implementation, monitoring and evaluation stage

Emesccos Ltd flags off construction and oversees management of project. Construction ends in 6 - 12 months as client continues to make monthly repayments. Client starts making monthly repayments a month after construction begins.