Source – Business Daily
Date – August 15, 2024
Title – Building Sustainability into Affordable Housing
Editor’s Note – Climate change-induced risks is becoming a stark reality affecting millions not only in Kenya but also globally. The consequences of heavy rains include significant flooding in urban centres and rural neighbourhoods, affecting large communities and have in the recent past become more profound, even in Kenya.

KMRC’s solutions to avert these kinds of damages covers an array of tailor-made solutions including application of environmental and social policy in screening before refinancing mortgage portfolios for its participating primary mortgage lenders. As part of KMRC’s initiatives to serve underserved market segment (such as the informal sector) whose incomes are irregular and often undocumented, the Company is implementing a risk- sharing facility to de-risk the lower income earners, ultimately having broader social impact dimensions.

KMRC’s CEO’s opinion article explains why it’s imperative for housing stakeholders to embrace Environmental Social and Governance (ESG) principles in their operations in order to sustain the sector’s positive vigor and maintain a environment that will take care of future generations.
Read the full PDF article Here. Available with permission.