1. Mortgage Refinancing KMRC extends credit to its participating Primary Mortgage Lenders (PMLs), secured by mortgage loan portfolio that meet the KMRC eligibility Criteria. The Company does not acquire or hold mortgage loans in its books neither does it assume any direct...
  2. Our Shareholders --v1 KMRC Shareholding Structure 44%     Banks KCB Bank Co-operative Bank Stanbic Bank NCBA Credit Bank DTB Absa Bank Kenya HFC Limited KWFT Bank 25%     Government of Kenya Through the National Treasury 23%     Development Finance Institutions...
  3. KMRC Privacy Statement Kenya Mortgage Refinance Company PLC (referred to as "KMRC", "it's", "our", "we" or "us") respects your right to privacy and is committed to protecting your personal data that we receive in the provision of our services. This privacy statement...
  4. What is Kenya Mortgage Refinance Company (KMRC)? KMRC is a non-deposit taking financial institution under the supervision of the Central Bank of Kenya. The company was incorporated on 19th April 2018 with the single purpose of providing long-term funds to Primary Mortgage Lenders (Banks and...
  5. Who owns KMRC? KMRC was established as Public-Private-Partnership with majority ownership by the private sector at 75% and the Government at 25%. Its current shareholders include: the National Treasury and Planning, International Finance Corporation (IFC),...
  6. Is KMRC a Parastatal/State Corporation/ Housing Fund? KMRC is not a parastatal/state corporation or housing fund. KMRC is structured as a private sector driven financial institution.
  7. How is KMRC funded? As a non-deposit taking financial institution, KMRC is primarily funded through Debt and Equity. KMRC equity capital is invested to generate income to run the institution, to refinance portfolio of residential home loans. KMRC has mobilized long...
  8. Why is it beneficial for Primary Mortgage Lenders (PMLs) to partner with KMRC? KMRC provides liquidity to participating financial institutions, which in turn increases their scope of lending to customers. To improve liquidity management by gaining ability to cover unexpected short-term deposit outflow, thereby avoiding...
  9. Step1: Get Your Finances In Order; How Much Can You Afford? Take time to visit your personal financial institution (or any other KMRC participating financial institution) to not only get appraised but to also establish how much you can afford/qualify for. The bank/Sacco/MFB will also give you guidance on...
  10. Step2: Identify The House of Your Choice The objective of Home Loan is to purchase urban residential houses for non-commercial purposes or building an urban residential property for a borrower’s occupancy. The KMRC backed home loan will be offered as below: Affordable Home Loans Loans...
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