Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. This is a way of accumulating wealth. As a matter of fact, money flows in without effort of going for it. At Pamoja Housing Cooperative we have a number of amazing investment opportunities that can help in building passive income. Each of these opportunities has competitive returns as stated below:
The first investment opportunity is buying minimum shares. To buy shares, one has to first register. Currently, the registration fee is ksh.1000 while the minimum shares are 20,000. Shares generate annual dividend based on the profits made by the organization.
Pamoja Investment Account
The second Investment Opportunity is Pamoja Investment Account. This investment earns interest annually. The interest earned ranges between 15%-25% p.a. Any amount from 100,000 earns 25% p.a. After one year, a client can withdraw the profit and reinvest the principal. The principal will continue fetching interest until a client decides that it is returned. If a client would like to accumulate the interest with the company, it can be saved in simple interest for the years that the client will specify according to the contract.
The other opportunity to invest in is Pamoja Plots. There are two ways to achieve this. The first way is buying in cash while the other is through paying in installments. We have a savings plan called Shamba Plan. This allows clients to save daily, weekly or monthly based on the client’s financial ability. Infact, this helps in building up the deposit towards purchase of the plots. The installments begin once the deposit is made.
Creating Passive Income
In brief, investing in real estate is a way of creating passive income. Through passive income, money begins to work for its owners. When your money begins to work for you, you are on your way to great wealth. Robert Kiyosaki is a proponent of this investment principal.
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