Mi Vida Homes, a reputable property developer signed a partnership with Kimisitu Sacco and has allowed the members to invest in its residential projects in Garden City, Nairobi.
The Garden City Project sits on a 47-acre land with a mixed-use urban development comprising residential units commercial spaces, offices, retail outlets, and recreational amenities. It offers four residential projects, two of which are complete and two currently under construction.
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.
“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.
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According to Kariuki, the initiative will extend to various residential projects within Garden City, encompassing Amaiya, the second phase of their successful flagship project and 237 Garden City, the affordable entry development.
Kimisitu Sacco’s Chief Executive, Lwanga Mbeche, expressed approval of the collaboration, emphasizing that it will provide institution members with the chance to access housing options across different segments, including high-end, mid-market, and affordable housing.
“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.
Mi Vida,which was founded in 2019, is known for its high quality residential projects. It also has projects in various areas like Riverside and Kilimani. Since its establishment, Mi Vida Homes has been committed to addressing the scarcity of affordable middle-income housing for families in Kenya. It hopes to address the shortage by delivering a minimum of 3,000 middle-income housing units over the next five years.
By Frank Mugwe
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