KMRC: Affordable Home Ownership

In this episode recorded on 11.04.2024, our guest host, Rhina Namsia, is joined by Kenya Mortgage Refinance Company (KMRC)’s Finance Manager - Erick Kimanzi Wambua, and Head of Internal Audit - Olive Gitau on a discussion about the path to affordable home ownership.We also cover KMRC’s business model, KMRC’s rates vs bank rates, initiatives in the informal sector, and the impact of the housing levy on affordable housing.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:00:53 Affordable Home Ownership and Challenges00:05:20 KMRC’s Business Model and Facilitating Affordable Housing00:11:00 Household Income and Loan Limits00:13:09 Informal Sector Initiatives00:21:34 Risk-Sharing Facilities, Mortgages, and KMRC Rates vs Bank Rates00:30:08 Innovative solutions that KMRC has come up with00:35:49 Subprime Mortgages and Future Outlook00:41:16 FX Exposure and the Housing Levy Impact00:47:39 Success Stories00:52:46 Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe