Nation | by James Kariuki
The State-backed mortgage firm has offered KCB Group and Housing Finance Sh2.64 billion to offer homes loans with interest rates of less than 10 per cent.
The lower home loan rates are the product of the newly established Kenya Mortgage Refinance Company (KMRC), a Treasury-backed lender, which offers banks and saccos cash for onward lending to households.
KCB Group will receive Sh.2.13 billion and Housing Finance HFC (Sh514 million) while Stima Sacco and Nyandarua Towers Sacco have…
