What if you could get a loan for a house, pay the loan as you construct, finish the ground floor, move and then take another loan facility to complete the next floor and so on? Would this be a welcome product for housing developers? Well, this service will soon be available to you.
Rafiki Deposit Taking Microfinance is soon to launch a facility called incremental housing that they hope will set alight the housing market and make it easier for Kenyans to achieve their dream homes. Family Bank and Jamii Bora Makao Limited are also rumoured to have similar plans in the pipeline, but with their products said to be in the pilot phases.
For more information on this, stay tuned to Pesatalk.