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.