Property financing

(Even if there are still concerns about the cost of the facilities, the government has been working to increase the uptake of mortgages through organizations like Kenya Mortgages Refinance Company (KMRC). The company, which was established in 2018, raises long-term capital to lend to participating lenders, such as microfinance organizations, commercial banks, and savings and credit cooperatives (SACCOs). After then, the lenders are able to match the maturities of the long-term credit that KMRC makes available to them with some of the house loans that they provide to borrowers, which leads to cheaper interest rates and more affordable conditions.)