State mortgage firm finally gets housing plan going
SEE ALSO :Turning the housing dream into a reality"KMRC wishes to engage an experienced Human Resource consultant to support the company develop its human resource needs, including the organisation structure, salary and benefits structure and a comprehensive human resource manual,” said KMRC in a statement yesterday inviting HR consultant to bid for the job. The Government created the company with a view to offering cheap loans to banks, targeting civil servants, self-employed persons or salaried employees with. The loans will have a tenure of up to 30 years to reduce the pressure of repayment. This is expected to substantially grow the number of mortgage loan accounts in the country, currently in the region of 30,000, where it has stagnated for years. "KMRC was incorporated on April 19, 2018, as a non-deposit taking financial institution under the supervision of Central Bank with the single purpose of providing long term funds to primary mortgage lenders (banks, microfinance banks and Saccos) in order to increase the availability of mortgage loans to Kenyans,” said KMRC.
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