Basic Education Teachers Union of Zambia (BETUZ) General Secretary (GS) Mr. Henry Sinkala has disclosed that the 1.5 million housing deficit prompted them to come up with the rent – to own housing scheme project that will see 60,000 members benefit, the initiative to cushion the housing deficit
Speaking during the launch of rent – to own housing initiative, Mr. Sinkala highlighted that they are complimenting governments effort in mitigating the housing deficit in the country that has seen teachers travel distant place to reach the schools were they teach.
Mr. Sinkala disclosed that they also offering loans to their members at 17% interest rate which is the cheapest in the country among the many other products to it’s members.
He said that his organization has joined the regional union body which helps them exchange ideas and act as a means to expose them to neighboring countries and that they are going to Botswana this April.
He noted that they are also in partnership with colleges and universities to help with educational services to their members.
Mr. Sinkala stated that the rent -to – own initiative intends to build 60,000 affordable modem housing units to their 60,000 members across the country for it’s members until they buy and own them.
“We want to partner with government by making sure that the housing challenges are mitigated and granting a peace of mind to the members of BETUZ,” he disclosed.
Meanwhile, Hallo Group of Companies Managing Director Dr Naoh Mainsa said that his company is in 16 African countries which include; Namibia, Angola, DRC, South Africa Guinea among the many African countries.
Dr. Mainsa disclosed that they are offering $18,000 which is equivalent to K360,000 for the ultra modern fully furnished houses.