How State is planning to help Kenyans earning under Sh100,000 to buy houses

The mortgage refinancing firm will receive Sh16 billion to start operations and will be owned by the Government and the private sector. [File, Standard]

If you earn less than Sh100,000 and can spare a third of your income, owning a home will be within your reach under a Government plan to spur a housing boom.

The State has created a company to offer cheap loans to banks to target civil servants, self-employed persons, or salaried employees with mortgage of up to 30 years to reduce the pressure on repayment.