The Kenya Mortgage Refinance Company (KMRC) started operations late 2020 with a mandate to derisk access to home loans. The firm offers long-term funding to banks and Saccos at an interest of five percent for onward lending to potential homebuyers at single-digit rate.
KMRC, owned 25.3 percent by the government, has embarked on implementation of a new strategic plan, succeeding the inaugural one which lapsed mid-last year.
