KMRC Partners with World Bank & IFC to Expand Affordable Financing and Better Housing Supply in Kenya

Source-  International Finance Corporation (IFC) News & Events Segment

Date-  July 2021

Article Title – A Kenyan Home of One’s Own

 

Editor’s Note – Kenya faces a critical housing shortage. The country has a housing backlog estimated at 1.85 million units. Rising expectations for home ownership among its middle-and lower-income sectors–the skilled workers erecting all those skyscrapers, the thousands of office workers staffing them, among others–have unleashed demands for new and better housing and cheaper financing to purchase it. To curb this deficit, the Kenya Mortgage Mortgage Refinance Company has partnered with among other organizations, the World Bank & International Finance Corporation (IFC) to expand affordable financing and better housing supply in the country. See the full article Here