KMRC credit to mortgage lenders hits Sh2.8 billion

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Business Daily | by Brian Ngugi


The Kenya Mortgage Refinance Company (KMRC) has so far advanced Sh2.76 billion in credit to mortgage lenders, accounting for about seven per cent of the fund’s total capital pool.

KCB accounts for the bulk of the lending at Sh2.12 billion, followed by HF at Sh515 million. Others include Stima Sacco (Sh69million), Tower Sacco (Sh30 million) and Bingwa Sacco (Sh27 million).

KMRC chief executive Johnstone Oltetia told the Business Daily that the company is also reviewing…

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