CUCK students are set to benefit from an accommodation financing deal got into by the University and Jamii Bora Bank. The two institutions got into a pact that will Facilitate & provide financing to investors willing to offer land and construct hostels near to and around the University; this comes as The Co-operative University College of Kenya is bustling with high student enrolment and further set to increase as the demand for the University education keeps on growing in the country. Further, as the University College is set to become a fully fledged University, the demand for students’ accommodation is set to be high and therefore there is need to avert any eventuality of students’ accommodation crises.
Speaking during the signing ceremony held on Friday 15th may, 2015 at the University’s main campus in Karen, the CUCK Principal Prof. Douglas Shitanda noted that with the demand of the Co-operative professionals in the country, the University needed more investors to put up accommodation facilities in the nearby areas of Karen, Ongata Rongai and Gataka to cater for the increased students’ population. The Principal lauded the Jamii Bora bank for the step in financing the project.
The Jamii Bora Bank is set to Offer financing directly to the investors for the construction of students hostels as approved by the university and the county authorities and further ensure the private investors comply with all laid down construction procedures and requirements.
The Chief Commercial Officer Mr. Timothy Kabiru expressed his optimism that this project will enhance the University to cater for its growing number of students the financial sector in the country much needed.