Members of the Kenya Police Sacco are now able to access more affordable housing loans from the newly formed Kenya Mortgage Refinance Company (KMRC).
This follows a partnership between Kenya Police Sacco Society and KMRC that will allow members of this Society to access cheaper housing loans from the state mortgage firm.
KMRC, the executing firm of President Uhuru Kenyatta’s affordable housing plan, will advance cash to commercial banks, financial co-operatives, and mortgage companies for onward lending to individual home buyers at rates below 10 percent.
Kenya Police Sacco has created a robust technological platform as a business enabler by taking elaborate measures to deal with electronic fraud including investment in a full proof cyber security system that guarantees safety of members’ funds.
