Kenya Mortgage Refinance Company
The Kenya Mortgage Refinance Company (KMRC) is a non-deposit taking financial institution established in 2018 under the Companies Act 2015. Its mandate is to provide long-term funds to primary mortgage lenders for purposes of increasing availability of affordable home loans to Kenyans. KMRC is providing concessional, fixed, long-term finance to the primary lenders who include banks and Saccos so that they can transfer the same benefits to ‘wananchi’, making home loans more accessible to especially the moderate to low-income earners in the country.