Mhasibu Housing Company Limited (MHCL) 747 views

HISTORY

MHCL was registered under the companies Act (Cap.486), laws of Kenya in April, 2009. The company is a fully owned subsidiary of Mhasibu Sacco Society Limited (hereinafter MSSL/Sacco). MHCL was established to enable Sacco members to acquire affordable housing solutions by pooling resources and benefiting economies of scale.

Due to its success, especially in reducing the cost of land, members of the public were attracted by its products and at the moment MHCL serves members of the Sacco and members of the public who willingly choose to participate in MHCL projects. MSSL is a Sacco for the accountants. The Sacco was established by the institute of Certified Public Accountants of Kenya (ICPAK) in 1986. MSSL is 30 years old and has over 11,000 active members.

Since incorporation, MHCL has successfully initiated twelve housing projects namely

1. Mhasibu Runda 70 acres in Kiambu County (jointly with the Sacco)
2. Mhasibu River Park Estate Ruiru 120 acres
3. Mhasibu Silver Birch Estate Ruiru Kiambu County 102 acres
4. Mhasibu Paradise Estate Juja 300 acres Kiambu County
5. Mhasibu Thorn Tree Estate Kiserian 30 acres Kajiado County
6. Mhasibu Plainsview Estate Kisaju 50 acres Kajiado County
7. Mhasibu Twin Mount Estate Nyeri 20 acres Nyeri County
8. Mhasibu Palm View Estate Mwiki Nairobi County
9. Mhasibu Isinya 50 acres Kajiado County
10. Nakuru Kabarak Nakuru County 250 acres
11. Isiolo 81.5 acres isiolo County
12. Kantafu 104 plots Machakos County

VISION, MISSION AND CORE VALUES

VISION: To create and deliver value for our stakeholders

MISSION:  we create and deliver value for our stakeholders through innovative investment solutions

CORE VALUES

• We carry our business each day with honesty and integrity to ensure that our stakeholders are peaceful ,knowing that their investments are in good hands
• We shall  employ innovative and sustainable  approaches in all our projects
• We shall prioritize our stakeholders welfare including that of our human capital
• We shall seek strategic partnerships with like minded organizations with an aim to transform lives while delivering value for our stakeholders

Benefits to Stakeholders (Sacco Members and Non Members)

1. Sacco Members benefit from substantially reduced property costs
2. It is possible to acquire subdivide and distribute large acreage of land
3. Houses are negotiated at lower than market prices.
4. Wide publicity as available property is advertised in the Sacco’s website, print media or information sent to potential clients and members via text messages or email.

MHCL satisfies the needs of its members by

1. Providing solutions for affordable property and land ownership
2. Providing solutions for construction and management of housing
3. Purchase and sale of land or houses