The Kenya Mortgage Refinance Company (KMRC) retains an option to take an additional Sh15 billion loan from the National Treasury for onward lending to mortgage lenders, filings show.
The firm’s annual report for 2020 shows that it drew down Sh3.7 billion from an Sh18.82 billion loan facility made available by the Treasury, which is in form of on-lending from a credit facility the government took up from the World Bank in December 2019.
