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Why are Kenyans avoiding mortgages?

Balancing mortgage rate
Balancing mortgage rate.

Seven years ago, Home & Away carried an interview with Carol Kariuki, founder of The Mortgage Company, then described as the “first mortgage brokerage firm in East Africa with a passion to expand home ownership.”

In the interview she said: “To many Kenyans, a mortgage is like a caged animal to be watched from a safe distance. Many have the mistaken notion that the mortgage sector is for a privileged few.”

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