Seven lenders line up for home loans from State agency

Kenya Mortgage Refinance Company (KMRC) chief executive officer Johnston Oltetia. PHOTO | DIANA NGILA | NMG

Seven more lenders, including three commercial banks, have joined the queue for refinancing of home loans under the state-backed plan which seeks to increase house ownership amongst workers earning less than Sh150,000 a month.

The Kenya Mortgage Refinancing Company (KMRC) has said Co-operative Bank, NCBA and bottom-tier Credit Bank as well as four SACCOs have this financial year applied for the loans.

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