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Kenya Seeks to Expand Mortgage Access Using Mobile Money, SACCO Savings and Rental Records
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Kenya Seeks to Expand Mortgage Access Using Mobile Money, SACCO Savings and Rental Records
Kenya is seeking to expand access to mortgage financing by encouraging lenders to consider alternative measures of creditworthiness, including mobile-money transactions, SACCO savings, rental payment histories, utility bills and business transactions. The proposed approach is aimed at bringing more Kenyans without conventional payslips or formal income records into the formal housing finance market as the government accelerates its affordable ho…
·Nairobi, Kenya
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