Kimisitu DT SACCO unveils 9% mortgage product to boost affordable homeownership
By Bruno Aero Family Media Staff Writer Stanley Hussein CEO, Kimisitu Investment Co. PLC Reaffirms The Commitment Of The Sacco Nairobi Kenya Kimisitu Sacco DT, Facility offers repayment periods of up to 25 years and financing of up to 105% of property's value Kimisitu DT SACCO has launched a new affordable mortgage product in partnership with the Kenya Mortgage Refinance Company (KMRC), offering members long-term financing aimed at making homeownership more accessible. The launch took place during the Nairobi Members' Education Forum and marks a major milestone in the SACCO's efforts to support financial independence and expand access to affordable housing. The new mortgage solution allows eligible members to access financing of up to Kes.10.5 million at an interest rate of 9% per annum. The facility offers repayment periods of up to 25 years and financing of up to 105% of the property's value for the purchase or construction of residential homes. Speakin...
