Sacco starts offering subsidised mortgage in State-backed plan


Business Daily | by James Kariuki

Harambee Sacco Monday became the first lender to offer mortgages at an annual subsidised interest of seven percent under a plan supported by a State-backed home loans refinancing plan.

This is after newly established Kenya Mortgage Refinance Company (KMRC) approved the sacco’s two mortgage products, Harambee Home loan that enables its members to purchase readily built houses and Harambee Jenga loan, where borrowers are facilitated to build a house on their own parcels of land…

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