The affordable housing program is gaining momentum in Kenya, with high occupancy rates in completed projects, especially in Nairobi.
These housing units are designed around affordability, transparency, and long-term ownership, significantly expanding access to decent housing for low- and middle-income earners.
Individuals can own a unit for as low as Sh600,000 for a studio unit to Sh4 million for a 3-bedroom unit.
Applicants interested in buying the units are encouraged to activate their accounts by saving a minimum of Sh200. After activation, applicants can save any amount at any time, as many times as they wish, using the available payment options.
Savings can be made via mobile money across all networks, Credit and debit cards, or cash deposit at any of the authorised custodial banks (KCB, NCBA and Cooperative bank).
The saving terms are flexible, and members wishing to withdraw their savings can request for refund through a structured online withdrawal process available on the Boma Yangu platform.
How to Withdraw Affordable Housing Savings
The withdrawal procedure has been designed to be straightforward, allowing contributors to submit refund requests digitally and receive payments through their registered bank or mobile money accounts.
To initiate the process, applicants are required to log in to the Boma Yangu Portal using their registered national ID number and password.
Once logged in, users should navigate to the savings or account section on their dashboard, where contribution records and account details are displayed.
From there, the applicant is expected to select the refund or withdrawal option, which opens the request form. The request must then be submitted online, with the applicant confirming that all personal and payment details are accurate.
After submission, the request enters a processing stage. Payment is typically made to the contributor’s registered bank account or mobile money account, depending on the details provided.
Applicants are advised to exercise caution when entering their payment information, as errors may delay processing.
Contributors must provide the correct mobile phone number and bank account details and complete the required declaration form before the withdrawal request can be finalized.
Also Read: Affordable Housing Demand Booms As Boma Yangu Signups Hit 1 million Highlights
