×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Mortgage financier restructures products amid costly credit

Vocalize Pre-Player Loader

Audio By Vocalize

Kenya has a deficit of 200,000 units annually. [iStockphoto]

State-owned mortgage financier, Kenya Mortgage Refinance Company (KMRC) has revealed plans to restructure its products in the wake of the shifting economic conditions that have made credit costly for current and potential homeowners.

The changes will involve expanding the income bracket to have more Kenyans eligible for mortgage loans.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sports
Kiprotich and Cherop beat strong field to triumph in Iten meet
By AFP 21 hrs ago
Sports
Prizmic follows up on Djokovic exploit by reaching Italian Open last 16
By AFP 23 hrs ago
Football
Barcelona need a point against Real Madrid to win La Liga
By Mose Sammy 23 hrs ago
Golf
Gitari outshines 280 golfers to win title at Muthaiga