Heri Homes was initially established as a Land, Real Estate, and Property Merchant Company in Kenya. Our business model however evolved with time to include developing apartments, bungalows, and townhouses in areas where there is high rental yield, through the use of a low-risk finance strategy, whereby part of the capital is raised through Social Capital as opposed to debt.
This strategy reduces the cumulative cost of a specific housing unit; this is mostly because it eliminates the hefty interest cost that ordinarily would be transferred to the end buyer by the developer where a debt model is employed. Heri Homes has experienced phenomenal success mostly attributable to this unique housing model.
In addition to real estate investments, our company has also invested portions of its assets in the purchase of land in strategic areas for sale.
Heri Homes is a company registered as a trademark in early January 2017. It is the marketing arm of Leo Capital Holdings Limited, Leo Capital Holdings Limited being the developer. It markets mainly locally, and over the years it has seen it spread wings to the Diaspora (UK, USA, Dubai, Canada and Australia) leading in that order. Leo Capital Holdings has six (6) subsidiary companies that help it meet its customer needs.
Heri Homes is structured into five departments that work in an interconnected manner to deliver
our products to customers.
Heri Homes has made its presence felt through local advertising, newspaper and TV, and in Diaspora through attending and sponsoring events. It has been accepted widely due to the use of the equity model.
Equity model is "pooling people together (power of many) under equity model to avoid high-interest cost brought about by debt with an aim of providing quality housing at low cost due to economies of scale." Heri Homes normally acquires land and invited development partners who buy half of the units at cost where in most cases they have to pay a deposit of 20% and balance in twenty-four equal monthly installments meaning a project's cash flow is realized from these partners. Heri Homes equally bring the same amount and with this, the project starts.