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Can KMRC overcome hurdles to spur mortgage uptake?

Balancing mortgage rate. [File, Standard]

When former President Uhuru Kenyatta unveiled the Kenya Mortgage Refinance Company (KMRC) in 2019, he envisioned a more affordable pathway for Kenyans to own homes.

It was expected to be a catapult for his Affordable Housing Programme (AHP), then part of the Big Four Agenda, which sought to facilitate 200,000 units annually.

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