In this episode recorded on 11.04.2024, our guest host, Rhina Namsia, is joined by Kenya Mortgage Refinance Company (KMRC)’s Finance Manager - Erick Kimanzi Wambua, and Head of Internal Audit - Olive Gitau on a discussion about the path to affordable home ownership. We also cover KMRC’s business model, KMRC’s rates vs bank rates, initiatives in the informal sector, and the impact of the housing levy on affordable housing. Subscribe to get notified when we make a new post. Show Notes 00:00:00 Introduction 00:00:53 Affordable Home Ownership and Challenges 00:05:20 KMRC’s Business Model and Facilitating Affordable Housing 00:11:00 Household Income and Loan Limits 00:13:09 Informal Sector Initiatives 00:21:34 Risk-Sharing Facilities, Mortgages, and KMRC Rates vs Bank Rates 00:30:08 Innovative solutions that KMRC has come up with 00:35:49 Subprime Mortgages and Future Outlook 00:41:16 FX Exposure and the Housing Levy Impact 00:47:39 Success Stories 00:52:46 Closing Remarks This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mwangocapital.substack.com