Mhasibu Housing Wins The 2024 Most Resilient Valuable Brand Award
For a real estate company to stay relevant and keep growing strong at 15 years above, such a firm deserves recognition! Add the fact that it is associated to a membership owned sacco and you get to appreciate the incredible work done at the Mhasibu Housing Company Limited led by the Chief Executive Officer, Mr. Morris Njagi.
Here is their inspiring journey that landed the company the most coveted Most Resilient Valuable Brand Award by Valuable Brands Kenya. It is worth noting that this specific award is a prestigious preserve for real estate firms that have been in operation for not less than 15 years delivering on their promises and guaranteeing trust and credibility to their customers and stakeholders.
Mhasibu Housing 15 Year Journey
The company was officially incorporated in Kenya in April 2009 as a fully owned subsidiary of the Mhasibu Sacco Society Limited which boasts of 25,000 members. The initial aim of the real estate arm was to provide the sacco members with affordable property solutions thus enabling them to invest in real estate directly. With this kind of arrangement, the Mhasibu Housing Company had the advantage in the sense it already had a pool of potential clients who they would tap into. Especially with the fact that the parent cooperative body would provide the needed asset financing for the interested members in form of credit on their deposits.
But before we proceed, are you wondering about the origin of the name “Mhasibu”? The name is a Kiswahili translation of the word “Accountant” referring to the predominant membership of the Mhasibu Sacco which was started in 1986 by the Institute of Certified Public Accountants of Kenya (ICPAK) to provide their members with a savings and credit platform. Another interesting journey of 38 Years. Hopefully a story for another day!!!
Well based on the success that the company has had over the years, Mhasibu pivoted to not only serve their affiliated sacco membership but also provide the same real estate investment opportunities to the general public across the country and the diaspora. This has seen the company start property projects spread in all major locations in Kenya such as Joska, Kisumu, Karen, Kitengela, Nyeri while they’ve had projects in Runda, Mwiki, Kisaju, Isinya, Nakuru, Isiolo, Nanyuki, Kikuyu and others..
Besides these incredible growth witnessed by the company in the last one and half decades, Mhasibu Housing also prioritizes the wellbeing of their employees totalling over 40 currently through trainings and encouraging them to invest alongside their clientele. Furthermore, the company promotes the communities in which they operate in various ways such as providing for children homes, engaging locals in value addition of the plots on sale as well as undertaking massive tree planting activities in those areas.
