{"id":479,"date":"2024-01-29T15:59:44","date_gmt":"2024-01-29T15:59:44","guid":{"rendered":"http:\/\/localhost\/crescent\/?page_id=479"},"modified":"2024-07-24T07:49:37","modified_gmt":"2024-07-24T07:49:37","slug":"community-housing-fund","status":"publish","type":"page","link":"https:\/\/crescentsacco.com\/index.php\/community-housing-fund\/","title":{"rendered":"Community Housing Fund"},"content":{"rendered":"\t\t
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Product Definition and Introduction:\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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  • Joint product of Crescent Investment Co-operative (CIS) and CTS.<\/span><\/li>
  • A savings and investment vehicle for prospective housing owners.<\/span><\/li>

  • Pools members’ savings to originate community-based real estate projects.<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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    Functions:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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    • Pooling seed capital for real estate deals.<\/span><\/li>
    • Off-take financing for individual micro-mortgages.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      Sources of Funds:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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      • Minimum monthly contributions of Kes. 25,000 for 36 months.<\/span><\/p><\/li>

      • Target from Kes. 500,000 – Kes. 1,000,000 per member.<\/span><\/p><\/li>

      • Minimum membership of 1,000 members.<\/span><\/li>

      • Minimum capital of Kes. 10,000 per member.<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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        Legal Status:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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        • Product-level fund under CTS, leveraging existing cooperative regulations.<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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          Incentives for Savings:\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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          • Advanced investment opportunities.<\/span><\/p><\/li>

          • Structured methodology for decent and affordable housing.<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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            Terms and Conditions:\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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            • Minimum contribution period of one year.<\/span><\/p><\/li>

            • Internal or external off-take financing subject to fund availability.<\/span><\/li>

            • Participants enjoy pricing discounts on the final product.<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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              Shariah Considerations:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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              • Which Shariah-Contracts are best deployed in pooling community funds?<\/span><\/li>

              • Managing funds, rewarding management, and ensuring a fair return to investors?<\/span><\/p><\/li><\/ul>

                At Crescent Takaful SACCO, we are dedicated to fostering financial well-being through ethical and Shariah-compliant practices. <\/span><\/p>

                Join us on this journey to empower communities and build a prosperous future together.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                Product Definition and Introduction: Joint product of Crescent Investment Co-operative (CIS) and CTS. A savings and investment vehicle for prospective housing owners. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-479","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/comments?post=479"}],"version-history":[{"count":7,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/479\/revisions"}],"predecessor-version":[{"id":604,"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/pages\/479\/revisions\/604"}],"wp:attachment":[{"href":"https:\/\/crescentsacco.com\/index.php\/wp-json\/wp\/v2\/media?parent=479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}