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Mortgage financier restructures products amid costly credit

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Kenya has a deficit of 200,000 units annually. [iStockphoto]

State-owned mortgage financier, Kenya Mortgage Refinance Company (KMRC) has revealed plans to restructure its products in the wake of the shifting economic conditions that have made credit costly for current and potential homeowners.

The changes will involve expanding the income bracket to have more Kenyans eligible for mortgage loans.

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