Kenya Mortgage Refinance Company (KMRC) is an initiative by the National Treasury and Investors to provide cheap financing to mortgage lenders.
KMRC as a non deposit taking institution was officially launched by his Excellency President Uhuru Kenyatta early this week to help in tackling the looming housing shortage in the country.
Currently, the investors are World Bank and African Development Bank who provided kes25billion and kes10billion respectively leaving KMRC with kes35billion for a start.
KMRC targets mortgage lenders with affordable loans.The lenders here are Commercial Banks,Microfinance Banks and Mortgage Saccos all over the nation.
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