NAIROBI, Kenya, May 20 – Mi Vida Homes, a property developer, targets growing home sales through sacco members.
Already, the firm has partnered with Kimisitu Sacco, allowing its members to invest in its residential projects within Garden City, Nairobi.
Sited on 47-acre land with a mixed-use urban development, the Garden City project comprises residential units, commercial spaces, offices, retail outlets, and recreational amenities. It offers four residential projects, two of which are complete and two that are currently under construction.
Speaking during the partnership signing, Mi Vida Homes Chief Executive Officer, Samuel Kariuki, said the arrangement will allow members to get financing to invest in residential developments within Garden City, which have historically yielded exceptional returns for investors and offer a unique proposition of urban green living.
“Mi Vida offers high-end and mid-market developments based on members’ preferences. Currently, we are developing affordable housing ranging from Ksh2 million to Ksh7 million that members can choose from,” Kariuki said.
Kariuki said the initiative will spread across residential developments within Garden City, including Amaiya, the second phase of their sold-out flagship project, and 237 Garden City, the affordable entry development.
“This mutual arrangement will see our over 13,000 members both locally and in the diaspora be offered quality residential options from a developer with a proven track record of on time completion,” Kimisitu Sacco Chief Executive Officer, Lwanga Mbeche, said.
By Peter Ronko
