Plot purchase and construction topped the uses of loans taken out by Sacco members, a new report shows, pointing to an increased desire for home ownership despite shrinking pay slips.
A Financial Sector Deepening Kenya (FSD Kenya) survey that involved Sacco Societies Regulatory Authority (Sasra) and Kenya Mortgage Refinance Company PLC (KMRC), showed members took out most loans for buying small parcels of land followed by construction of multiple residential units such as apartments and single units.
