Anecdotal stories abound of aspiring Kenyan entrepreneurs whose investments in a new office block, expansions of classrooms in their private schools or development of multiple dwelling units for rental or sale are always in limbo. Kenya’s informal sector landscape is riddled with single or multiple dwelling units, which have stalled or delayed due to non-viable financial solutions. Some entrepreneurs are known to opt for a variety of financing solutions that have proven too costly in terms of financing costs.
Housing Finance — Kenya’s leading mortgage finance institution — has developed a specialized service to cater for both small and large property developers. Housing Finance, whose 40-year expertise has seen the realisation of large housing units such as the iconic Buru Buru and Komarock estates to smaller single units, has assembled an in-house team with requisite experience to support both aspiring and established property developers.