The lack of a limit on how much customers can borrow as personal loans is one of the factors limiting the growth of the mortgage sector, bankers say.
Securing a 100 per cent performance guarantee with a tier-one bank is one of the clauses that Unity Homes has used to prove that off-plan mortgages can work.
Banks admitted fault and acknowledged difficulties in attending to markets such as the Micro, Small, and Medium Enterprises(MSMEs).
A new report shows how the failure of income to increase with age for majority of Kenyans affects their ability to borrow for home construction.
Mainstream financial institutions are losing out on the lower-end housing sub-sector, which is dominated by Saccos, microfinance institutions and village chamas.
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