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By Dickens Wasonga.
Jaramogi Oginga Odinga University of science and Technology has signed and MOU with Jam ii Bora bank to construct 2000 student hostel to ease congestion currently facing the university.
The bank has set a side 2 billion shillings to finance the project that will be implemented in two phases through a lone arrangement which will see those who own land near the main campus in Bondo benefit.
Speaking during the ceremony the university’s VC Prof Stephen Agong said currently only 2000 students are able to be accommodated at the main campus while about 3000 others are accommodated outside the university.
He said the move will improve the safety of the students if they are within the hostels near the facility and whose management the university is involved in.
He said the financing of the project will not only be a boost to the institution but also to the locals whom he encouraged to take advantage of the offer.
The VC said they were talking with the bank to also consider mortgage financing of additional hostels in its expanded campuses of Miyandhe in Central Sakwa, Kapiyo in Maranda, and Achego.
Those who have land neighboring the Bondo campus will be expected to raise ten per cent of the low cost but modern hostels through the loan whose recovery will take 12 years.
Prof Agong asked Siaya county government to ensure the roads were improved as well as provision of water supply within the area.
” Bondo is set to be to be a university town whose growth will be guided by the growth of the university. staff accommodation is also a challenge to the university.There is no descent houses for them.”he added
Area MP Gideon Ochanda urged the community not to fear borrowing loans to invest adding that long time planning would help them grow academically.
” There is no way you can invest and expand your business without borrowing.That is how most businesses have grown” said Ochanda.