Defaults on mortgages by public servants grew to Sh379.77million in the financial year ended June 2021, as the Covid-19 distress spread to government employees who are seen as the safest borrowers.
Auditor-General Nancy Gathungu’s report on the State Officers House Mortgage Scheme Fund (SOHMSF) shows that another Sh15.6 non-serviced loan to 15 State officials under the scheme had accumulated is at risk of default.
