KCB rolls out single-digit mortgage plan for informal sector in homeownership push
The lender is seeking to tap into underserved groups including small business owners, artisans, boda boda operators, gig workers and digital content creators’ segments that have traditionally struggled to secure mortgage financing due to irregular income structures and rigid cr..
✨ Key Highlights
KCB Bank has launched a new mortgage product with single-digit interest rates specifically for individuals in Kenya's informal economy, aiming to boost homeownership.
- The mortgage offers loans ranging from Sh1 million to Sh4 million, with repayment periods up to 15 years.
- The initiative targets MSMEs and workers in the informal sector, including artisans and boda boda operators, through KCB Bank Kenya.
- This product redefines eligibility by using alternative credit assessment methods beyond traditional payslips, recognizing the irregular income structures common in the informal economy.
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Kenya’s Mobile Money Users Hit 51.4mn - April 2026
Kenya experienced a significant surge in mobile money subscriptions, reaching 51.4 million in 2025, according to the Kenya National Bureau of Statistics (KNBS). The Kenyan insurance industry is rapidly transforming from a transactional model to a data-driven, personalized approach, driven by evolving consumer expectations and the rise of platforms like Netflix and Amazon. KCB Bank has launched a new mortgage product with single-digit interest rates specifically for individuals in Kenya's informal economy, aiming to boost homeownership.
