Why MICL

Why invest with us / Benefits to investing in MICL

At Mhasibu Investment Company Limited, we are goal oriented.Increasing wealth and ensuring high return on investment is our forte. Our members get to enjoy annual dividends, Bonus shares and most of all, capital appreciation.

Ensuring our shareholders get value for their investment is our highest priority. We focus on long-term success and stability. Some of the ways we ensure this are:

• By investing in high potential unquoted shares
• Investing in emerging markets to supplement offshore markets.
• Investing through pooled property funds instead of directly
• Investing in highly profitable quoted shares
• The current focus is on investments which individual members cannot undertake on their own easily
• We have an aggressive but prudent investment strategy
• Shareholders can use their shares in MICL as collateral for SACCO loans

Company gives you the opportunity to save at your own pace. If you experience temporary hard times you can take a holiday from your contributions without a penalty. And in the worst case scenario you can sell your shares for cash To serve members effectively, MICL has a full time secretariat that you can contact for more information.

• Once a person expresses interest in joining MICL, a registration form is availed o him/her.
• He / she is required to fill it in with right information.
• Avail a copy of his National ID or Passport.
• Avail 2 passport size photographs.

Members’ Deposit Account Details

Bank

Standard Chartered

Branch

CSC Head Ofiice

Ac Name

Mhasibu Investment Company Limited

Ac Number

0105016803700

• Shareholders who want to sell shares write to the company indicating the number of shares they want to sell, the price they want to sell at and surrender their certificates to the company.
• The company secretary receives the above and sends an email to all shareholders and prospective shareholders inviting them to bid for the above shares within a period of 1 week.
• The bids are received on the last day. The shares are allotted to the highest bidder, subject to acceptance of the price by the seller. In case of a tie, the shares are allotted on an equitable basis.
• The seller is contacted to sign the share transfer form first then the buyer sign and issue a cheque to MICL.
• The Seller is issued is issued with a cheque once the buyer’s cheque has cleared from MICL’s bank account.
• Buyers are issued with share certificates each quarter, share transfer forms are sent to the company secretary for stamping.