notes - Mauritius Housing MHC

3.8 NEW SCHEMES/ SERVICES
With the drive to serve the clients better, and better management has adopted a culture of
continuous product and service development/innovation
3.8.1 Land Loan Scheme
Buying a plot of land and starting construction simultaneously
warrant a lot of funds and many potential clients are finding this beyond their means. To cater for this market segment
MHC introduced a Land Loan Scheme in July 2001. This helps all those who want to buy a plot of land but who cannot
afford immediate construction. As at 30th June 2002, a total amount of Rs 40.6 million was approved for such loans
thus enabling 142 families to benefit from this Scheme.
3.8.2 Architectural Services
REVIEW
of the year’s
performance
The Company introduced the provision of architectural services to the public in July 2001. These services include
type-plan as well as tailor-made plan at affordable price. This constitutes an added value to the various services MHC
already offers to its clients. Now for a nominal fee people from the low income group can benefit from professional
architectural services. During the Financial Year under review 28 clients have already availed of such facilities.
ANNUAL REPORT 2001 - 2002
3.8.3 In-house execution of Fixed Charge Documents
Our Legal Department has been reinforced to extend the facility of execution of fixed charge documents to more
clients. Most of our clients now choose to have their loan documentation finalised by MHC for a reasonable fee.
However, the client still has the flexibility to choose his own Notary.
3.9 BRANCHES & DECENTRALISATION
As announced last year, we have successfully launched a new branch at Curepipe in September 2001. This branch is
now serving all our clients and the public in general living in the Southern part of the island and on the central
plateau. The branch is offering the whole range of products and services offered at the Head Office and has already
become popular.
During the year the branch approved Rs 45.4 million housing loans and accepted Rs 10.1 million and Rs 50.4 million
in PEL and HDC Deposit respectively.
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