Source – The Standard Newspaper

Editor’s Note – In a bid to consistently offer bespoke and superior home financing solutions, KMRC prioritizes relevant innovations and collaborations. In the wake of tough economic conditions that have made credit costly for current and potential home owners.
One of the latest enhancements to the Company’s product offering is a restructuring of the product offering to better accommodate borrowers in the informal sector. Often, this segment of the population is excluded from accessing financial services owing to their “risky” nature. According to MicroSave Consulting, 60% of urban residents endure challenging living conditions in slums, which amplifies an annual housing deficit of 200,000 units. Further, only 8% of urban dwellers enjoy access to housing finance, while only 29.2% of informally employed people can secure housing.

This article delves into how KMRC is set to further disrupt housing finance in Kenya, significantly increase the scope of qualifying borrowers and pushing funding down market.

See the full article here