Housing Finance

By Soko Directory Team / August 2, 2016


At their incorporation on 18th November 1965, then under the name Housing Finance Company of Kenya Limited, their main objective was carrying out the government’s policy of “promoting thrift and home ownership”.

This was to be achieved by providing savings and mortgage facilities to the Kenyan public. A policy made all the more urgent by the fact that Kenya had just gained its national independence two years previous to their incorporation.

The Company started responding to the growing demand from indigenous Kenyans of having their own homes. Indeed, by the end of their first year of business in 1966, 34 applications had been considered and approximately Kshs. 400,000 advanced to the successful applicants

Indeed, from inception, Housing Finance has advanced billions of Kenya shillings to prospective homeowners and property developers. This has helped provide home ownership to thousands of Kenyans. Thousands more have been housed indirectly through loans the Company has advanced to various Kenyan municipalities such as the Kisumu, Nakuru, Kitale and Nairobi councils.

In response to the ever-increasing costs of property development, the average lending limit of the company has risen from Ksh.100, 000 in 1966. These customer-centered changes have also been reflected in their re-branding from the old Housing Finance Company of Kenya Limited with “The Rock of Kenya” as its slogan. To the new, vibrant, Housing Finance: “Turning Dreams into Homes”.

It was actually on 6th March 2002 that their re-branding epiphany was celebrated. Housing Finance was reborn as a new, vibrant, re-focused Company. Team members received a personalized letter from the then Managing Director Mr. Peter Lewis-Jones announcing the new name, Housing Finance, and explaining what this change meant.

At a countrywide staff gathering on this important day, the unveiling of the new corporate logo and colors was done. Colors that express the new vibrant focus of their work:

ORANGE: To reflect a new beginning filled with radiance and optimism

WHITE: To denote the clear path to attaining one’s dreams

BLUE: To reflect the strength and success of their heritage

In 2007, Housing Finance launched a 5-year strategy which expanded their playing space in the mortgage financing market making us an end to end provider of the needs of the market as far as the property is concerned. We plan to ensure that we operate across the property value chain as suppliers as well as financiers of property.

Contacts

Head Office: Rehani House
Kenyatta Avenue / Koinange Street
PO Box 30088 – 00100 GPO
+254(20)-3262000, 0722715256, 0722708660, 0722201175, 0733617682



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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