Real estate developer, Mi Vida Homes, has entered a strategic partnership with HF Group Kenya in a move that will see potential home buyers receive a holistic homeownership ecosystem beyond the usual sales.
Mi Vida Homes Chief Executive Officer Samuel Kariuki says contemporary homeowners are scouting for more innovative financing and investment solutions which he believes a partner like HF Group can provide due to their deeper understanding of the housing industry.
Kariuki noted that HF Group’s extensive market presence and long-standing industry expertise provide access to a wider client base. He emphasized that the real estate sector is seeking strong institutional partnerships that not only enhance credibility but also leverage complementary strengths to deliver forward-thinking solutions. By combining HF Group’s financial expertise with our commitment to high-quality, sustainable housing, this partnership is poised to set new benchmarks in the market, addressing key industry challenges and creating more accessible homeownership opportunities.
“Unlike traditional developer-financier partnerships that focus only on selling homes, our MoU aims to create a full-fledged ecosystem that includes financing, home advisory, investment opportunities, and even long-term property value enhancement”, Kariuki explained.
The property investment solutions company has been a key player in the Kenyan market for six years, enhancing its credibility through the delivery of high-quality homes on time to homeowners, while also providing positive rental yields to investors. This commitment has set a new standard of reliability in the sector, establishing the company as a trusted leader in both residential and investment solutions.
Housing Finance Company Limited Managing Director Peter Mugeni said the collaboration provides a significant milestone in enhancing homeownership for Kenyans while providing value for those who intend to own homes, particularly in the affordable home space.
Mugeni said the initiative will provide a joint exposure of the housing units into the market and the ability for those who intend to own them to go through the ownership journey hassle-free by providing them with financial assistance.
“We will provide financial assistance of up to 95 percent of the purchase price at a fixed rate of 9.5% for a period of up to 20 years. This will allow many people to afford the mortgage as it is a good incentive for them to buy the property rather than renting”, Mugeni explained.
HFC is a full-service banking arm of the Group, delivering one-stop banking and investment solutions for various segments by offering complete full banking solutions customized to meet the unique needs of customers.
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