Want to take control of your financial destiny? Discover the power of #homeownership and learn how to #PlanYourMoney wisely with expert guidance from http://kmrc.co.ke. Your #MondayMorning reminder that #HomeOwnership is a smart move, if you're looking to secure your #FinancialFuture. #financialfreedom #homeownership #musingsandreflections #mondaymusings #planyourmoney
About us
Established in April 2018 as a Public-Private Partnership (PPP), under the supervision of the Central Bank of Kenya (CBK), Kenya Mortgage Refinance Company’s role is to provide long-term funds to primary mortgage lenders (Banks, Micro Finance Banks and Saccos) in order to increase the availability and affordability of home loans to Kenyans by providing low interest, fixed rate, long term finance to mortgage financiers so that they can transfer the same benefits to individual borrowers, thus making home loans more accessible and affordable for Kenyans. A wholesale institution, KMRC’s objectives include contributing to the growth of Kenyan capital markets through the issuance of KMRC bonds as a source of sustainable long-term fund, assisting in the standardization of mortgage practices in Kenya through enhanced capacity building to member institutions on the origination of mortgages and contributing to the growth of the mortgage market in Kenya through support to Primary Mortgage Lenders.
- Website
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https://www.kmrc.co.ke
External link for Kenya Mortgage Refinance Company
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- Nairobi
- Type
- Partnership
- Founded
- 2018
- Specialties
- Real Estate, Affordable Housing, Bond Issuance
Locations
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Primary
UAP/Old Mutual Towers, 27th Floor
Nairobi, KE
Employees at Kenya Mortgage Refinance Company
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Olive M. Gitau
CPA(K), CISA, CIA, PRINCE2, MBA, MEFMI Fellow; Internal Audit & Risk Management professional; ICPAK Council Member #ICPAK #ISACA #IIA member
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Florah Muthaura Gikunju
Enterprise Risk Management, Sustainability/ESG and Compliance Professional
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Erick Wambua
Finance Manager at Kenya Mortgage Refinance Company
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Nyale Yanga
Finance and Treasury
Updates
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🏆 HERE COMES THE WINNING TEAM! 🏆 We are thrilled to announce that Kenya Mortgage Refinance Company has been named the Pan-African Secondary Mortgage Institution of the Year at the 18th Africa Housing Awards (AHA) on Thursday, 25th July 2024 at the Transcorp Hilton in Abuja, Nigeria. Kenya Mortgage Refinance Company was awarded in recognition of the pivotal role that it's playing in revolutionizing #housing affordability across Kenya with its #ValueProposition, making the once elusive dream of #homeownership a tangible reality for more citizens. A huge shoutout to Team #KMRC for a well-deserved R&R. Keep up the amazing work! Gideon Rutto Sheilah Musyoki 👉 www.kmrc.co.ke for more information on KMRC's Value Proposition and how to start your #homeownership journey. #HousingRevolution #WiningTeam #CelebrationTime #AwardWinning #AffordableHousingKE
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Why is #FinancialLiteracy essential for achieving financial inclusion? 💱For starters, a significant barrier to #homeownership in Kenya is low level of financial literacy among the population. This lack of financial literacy means that potential #homeowners are often unaware of the options available to them, including the benefits of refinancing. 💱Increased #financialliteracy will empower more Kenyans to make informed decisions about #homeownership so they can take advantage of the opportunities available through Kenya Mortgage Refinance Company Value Proposition. 💱Kenya Mortgage Refinance Company seeks to ensure that Kenyans make informed decisions about #homeownership and utilize available affordable products. Consequently, we expect to see a significant reduction in poverty and inequality, progressive and inspired communities, empowered marginalized demographics, elevated innovation, entrepreneurial communities and productive future generations. Johnston Oltetia #ChoraPlan #PlanYourMoney #FinancialFreedom #Homeownership
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How well do do you understand the concept of #FinancialInclusion and its importance? A few take aways below from today's #FinancialLiteracy conversation on @RadioCitizen with Johnston Oltetia 💰#Financialinclusion is access and use of appropriate and affordable #financialservices and products by consumers to meet their needs. Meaningful financial inclusion can only be realized when financial products and services are affordable. 💰One of our obligations at Kenya Mortgage Refinance Company is to promote #financialinclusion in our lending business. We do this by ensuring that our product (affordable home loan) meets the Affordability Criteria. This way, we support #homeownership, which is critical for ensuring households' wealth and financial stability are guaranteed. 💰To ensure more Kenyans can afford homes, especially further down-market, Kenya Mortgage Refinance Company is getting ready to roll out a Risk Sharing Facility (RSF) that will be beneficial to the SME sector. An RSF is a partial mortgage guarantee arrangement which de-risks borrowers (especially low income and those in SME), making them more attractive for banks and saccos to engage them for lending purposes 💰By empowering people with tools to manage their finances and invest in income-generating activities, #financialinclusion can help lift them out of poverty and reduce economic disparities #ChoraPlan #PlanYourMoney #FinancialFreedom #FinancialInclusion www.kmrc.co.ke
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Why is financial literacy is so crucial in today’s world? Financial literacy is a public good that benefits the whole economy and is an essential life skill in today’s world, where financial products and services are increasingly becoming complex. From our perspective at Kenya Mortgage Refinance Company, #financialliteracy continues to be a key constraint towards sustainably owning a home, as Kenyans are unaware of the affordable options in existence. This asymmetry in information requires multi-stakeholder partnerships to address. Johnston Oltetia #ChoraPlan #PlanYourMoney #AffordableHousingKE #FinancialFreedom
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Did you know that #homeownership is a key financial planning tool? Join us this Thursday on #JamboKenya as Johnston Oltetia shares valuable insights to help you kickstart your #homeownership journey and so much more on why #planningyourmoney is extremely crucial in determining the quality of your future. Take charge of your financial future today and set yourself up for success! #ChoraPlan #PlanYourMoney #HomeOwnership #FinancialFreedom
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Kenya Mortgage Refinance Company reposted this
“For the first time in this country, we have single digit interest rates. So there's no reason why you want to go and take a commercial loan for a home.” In conversation with, Mr. Johnston Oltetia, CEO Kenya Mortgage Refinance Company, on their non-deposit taking financial institution offering affordable home loans on The Fuse with Anne Mwaura. #TheFuse984 #AffordableHousingKE
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We feel absolutely privileged to take part in the #ChoraPlan financial literacy campaign and be a medium through which our people can get all the crucial nuggets to plan their future. Thank you Capital FM Kenya for engaging Kenya Mortgage Refinance Company and having Johnston Oltetia in studio to break it down and make it as palatable as possible. Head on to www.kmrc.co.ke to get started on an amazing home ownership. Now that everything checks out, Chora hiyo Plan😊 #AffordableHousingKE #ChoraPlan #PlanYourMoney #FinancialFreedom #Homeownership
“For Gen Z, this is the right time to buy a home. At the moment, you don’t need to have all the finances in place.” - Mr. Johnston Oltetia, CEO Kenya Mortgage Refinance Company #TheFuse984 #AffordableHousingKE
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Kenya Mortgage Refinance Company reposted this
Free Money Management & Digital Skills Resources: Access Visa's Practical Money Skills free online platform to arm yourself with educational resources that offer clear, practical knowledge about money management, digital payments, and secure online transactions. Access Resource Here:https://lnkd.in/dAp5c5mk #PlanYourMoney #ChoraPlan
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Kenya Mortgage Refinance Company reposted this
Tune into Capital FM Kenya for an interview with Kenya Mortgage Refinance Company CEO Johnston Oltetia on mortgage financing and homeownership! Learn how to navigate the mortgage process and make informed financial decisions. #ChoraPlan #PlanYourMoney