Through the partnership, Rafiki Microfinance has committed Sh 700 million into funding of the alliance and will disburse loans of between Sh 20 000 and Sh 5 million for home improvements and new constructions.
The partners have shown interest in exploring housing opportunities in the counties and pointed out infrastructure as being key to towards the development.
"The day we have connectivity it will help to solve the problem of housing in areas that are far from the cities," said.
Rafiki Microfinance Chief Executive Officer,
If more companies continued to make it easier for people with low income to access mortgages and loans, then home ownership would increase and the housing market will cease to be a preserve for the rich, the company added.
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