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Credit guarantee scheme tipped to drive mortgage access

The credit scheme or PCG is a financing model that provides cover for lenders in case of defaults. [iStockphoto]

Kenyans in the informal sector can easily achieve home ownership through programmes such as partial credit guarantee schemes.

According to the Feasibility Study on a Proposed Credit Guarantee Model for Affordable Housing in Kenya by Lion's Head Global Partners, a UK-based investor and fund manager, this is set to transform the country's housing sector rapidly.

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