Mhasibu Sacco Society Limited

With an ever advancing technology and the need to make communication with our members easier, faster and efficient, Mhasibu Sacco acquired the Airtel Money services. Members can now send their contributions and loan repayments via their mobile phones.

This system is easy to use and Members can send money from wherever they are. We encourage members to embrace this technology as it is efficient and secure.

For the detailed prococess of sending Airtel money click here




MHCL Queries

1. Is Mhasibu Housing Company Limited (MHCL) and Mhasibu Sacco the same thing??

  • No, MHCL is fully owned subsidiary of Mhasibu Sacco which operates independently from the Sacco. MHCL is involved in mobilizing Sacco members and other stakeholders who are interested in acquiring prime plots among other things. On the other hand Mhasibu Sacco is primarily involved in offering saving and credit products to its members

2. Where are MHCL offices?

  • MHCL offices are currently located together with those of the Mhasibu Sacco at View Park Towers 6th floor along Uhuru Highway, but the two organisations remain independent.


3.  Do I have to register to buy a plot through MHCL?

  • No, Sacco members automatically qualify to participate in MHCL plots at a discount and without any registration fees.


4.  Can I use Mhasibu Housing Company plot to guarantee a loan in the Sacco?

  • Yes, once the title deed is out and one is willing to have the charge on the title registered. Please note that at the time of paying for MHCL plot, you cannot use the same plot as loan security until the title deed is ready.


5.  Where can I get more information about Mhasibu Housing Company Limited (MHCL)?

  • Please visit MHCL website http://www.mhasibuhousing.co.ke/, for more information on its activities and projects.


end faq

Loan Application Requirements

All Loan Applications: Normal / Short Term/ Re-Purchase/Refinancing/ School Fees, Should be accompanied With;


  1. copy of Applicant’s ID
  2. copy of the referee’s ID
  3. copy of Applicant’s PIN certificate
  4. all guarantors’ ID copies
  5. 3 months’ certified pay slips
  6. 3 months’ bank statements
  7. utility bill (not more than 3 months old)


  1. Certified 6 month’s bank statements
  2. Personal financial/ Income statement with
    1. average gross/ Income per month
    2. Less expenditure
    3. Net income



Please comply with the above requirements to help us serve you better..

Dividend Querries

1. Am I entitled to Dividend?

  • Yes, the Sacco pays dividend (Interest on deposit and dividend on share capital) every year to all the members who had balances in deposits or share capital for the financial year ended. Deposit earns interest on deposit on pro rata basis which means you don’t have to hold dividend for full year to earn interest. On the hand any balance on share capital as at close of financial year is entitled to dividend at rate to be recommended by the management committee.

2.  What do I need to do to get my Dividend?

  • You need to ensure that the Sacco has your current bank details since all dividend payments are paid via EFTs Bank transfers

3.  When are the dividend paid?


  • The Sacco pays for dividend after approval by the Annual General Meeting which is done each year in April. The dividends are usually paid a two weeks      after.


4. How are Dividend computed?


  • Dividend is made up to two components that interest on deposits and dividend on share capital.
  • Interest on deposit is computed on pro rata and compound basis at a rate to be recommended by management committee and approved by Annual General Meeting (AGM). The Sacco has uploaded a template on the website (On this link) to assist members who would wish to confirm/ compute their interest on deposits.
  • Dividend on share capital is computed based on closing balance at the end financial year at a rate recommended by management committee and approved by the Annual General Meeting.


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