Kenya Mortgage Refinance Company (KMRC) tapped an additional Sh3.16 billion from World Bank Group’s and African Development Bank’s credit lines in the half-year ended June to support concessional funding to prospective homebuyers.
This is part of the access to the 309-million-euro credit lines offered by the two financiers in 2020. The loans, guaranteed by the National Treasury, raised the home loan refinancier’s borrowings by 17.35 percent to Sh21.44 billion from Sh18.2 billion in December 2022.
