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Company Profile

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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

THE COMPANY’S MISSION
MHCL’S mission is to bring property ownership to members and their dependents in an efficient, affordable and secure way while leveraging membership of Mhasibu Sacco.MHCL’s key objectives are:

  • Provide stakeholders with most competitive housing solutions customized to their affordability while being an active Global Citizen.
  • Utilize modern technology
  • Partner with competent firms and persons of integrity in the conduct of our business
  • Create awareness and educate stakeholders on sustainable and viable solutions
  • Employ good governance practices

THE COMPANY’S CORE VALUES

MHCL’s work is guided BY THE FOLLOWING CORE VALUES represented by just who we are M.H.A.S.I.B.U

M - magnanimity –we serve selflessly and for the common good
H - humility – we serve with humility respecting our stakeholders for their support to our business.
A - accountability – we are accountable to all who have given us this opportunity to serve them.
S - social responsibility – we are responsible beyond profits and contribute to societal wellbeing.
I - integrity – we value honesty in all our dealings and have nothing to practically hide.
B - balanced – we consider all sides and opinions fairly in our decision making
U - utmost -we focus on our ultimate final goal which is housing


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

 

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