Kimisitu DT Sacco launches affordable mortgage products

Kimisitu DT Sacco has launched affordable mortgage products in partnership with the Kenya Mortgage Refinance Company (KMRC) in a move aimed at expanding home ownership opportunities and empowering members to achieve financial independence. Speaking during the launch in Nairobi, Kimisitu Sacco acting CEO Catherine Achieng Odhiambo said the new mortgage facility offers financing of up to 10.5 million shillings at a 9% annual interest rate with repayment periods of up to 25 years. She urged more Kenyans to join the Sacco, saying members now have a greater opportunity to build wealth through affordable home financing noting that the partnership with KMRC is designed to make home ownership more accessible while facilitating transition from paying rent to owning homes.