Mhasibu Sacco Society Ltd (MSSL)
“Mhasibu” is a Swahili word meaning accountant. Inspired by a desire to satisfy the real estate investment demands of its members and the public, Mhasibu Sacco registered a fully-owned subsidiary, Mhasibu Housing Company Limited (MHCL), to deliver housing and land ownership solutions.
MSSL was established in 1986 by the Institute of Certified Public Accountants (ICPAK); it prides itself on a fast-growing enlightened membership consisting mainly of accountants and recently opened to other professionals pushing its membership to stand over 25,000.
Members derive enormous benefits from well-researched, demand-driven products and services. A variety of product portfolios offered by MSSL includes Plot Buying Loan, Emergency Loans, Normal Development Loans, School Fees Loans, Holiday Savings, Refinancing of Loans, repurchasing of Loans, Children’s Saving Schemes, and Short-term Savings Schemes.
Read more at https://www.mhasibusacco.com/
Mhasibu Investments Company Limited (MICL)
MICL is an independent public limited company formerly formed by Mhasibu Sacco members. The formation of the Sacco, from which MICL was born, was spearheaded by members of the Institute of Certified Public Accountants of Kenya (ICPAK).
The members decided to explore other investment options by pooling resources hence the birth of Mhasibu Investment Company Limited (MICL). MICL was founded and registered in 1997 as a limited company and has grown to over 300 shareholders.
It started to take advantage of the then high yield of returns on treasury bills and bonds but has since diverted from fixed income to higher returns on investments, for example, in private equity, real estate, and offshore Investments. The share capital has grown more than 20 times from December 1997 to 2009.
MICL also has a well-established Over-the-Counter facility (OTC) to enable shareholders to trade in their shares. Mhasibu Investment Company Limited, or MICL, has been a member of KAIG since 2007. Economic Areas of Investment include Real Estate, Stock Market, and Offshore Investments.
Read more at https://www.micl.co.ke/
Mhasibu Properties Limited (MPL)
Mhasibu Properties is a Limited company incorporated in Kenya under the companies act (Cap.486) on November 16, 2012. Its principal activity is to acquire by, purchase, lease, exchange, or otherwise, land, buildings, and other property of any tenure or description and mobilize its members to obtain the same.
MPL is the registered proprietor of property Land Reference Number 2/406(original Number 2/69/2) situated on Kirichwa Road, approximately 166metres from the junction of Kirichwa and Argwings Kodhek Roads, Kilimani Estate, Nairobi County.
