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Originally published by The Standard Business
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September 17, 2026
3h ago

Mortgage lenders look beyond payslips to expand Kenya's housing market

Mortgage lenders look beyond payslips to expand Kenya's housing market

KMRC chief finance officer Nyale Yanga called for the use of alternative credit scoring models that consider non-traditional data such as rental payments or utility bills to assess creditworthiness..

✨ Key Highlights

Kenyan mortgage lenders are exploring new strategies beyond traditional payslips to address the country's significant housing shortage, estimated at 2 million units.

  • The informal sector employs 18.1 million Kenyans, representing a key demographic for potential homeowners.
  • The average mortgage size currently stands at Sh9 million, highlighting a gap in affordability.
  • Lenders are looking to innovate to make housing more accessible to a broader segment of the population.

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