The Kenya Mortgage Refinance Company (KMRC) made additional drawdowns worth Sh2.8 billion on a National Treasury loan facility in 2021 for onward lending to mortgage lenders, the company has revealed.
The KMRC has an existing Sh18.82 billion credit line that is being on-lent to it by the government from a financing package worth Sh30 billion provided by the World Bank and African Development Bank (AfDB).
