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GPN - Kenya - Design, configuration, installation and hosting of a Core Mortgage Refinance Information System and supply of related network infrastructure - KMRC

23-oct-2019

The Government of the Republic of Kenya has received for financing from the African Development Bank (AfDB) to finance the operations of the Kenya Mortgage Refinance Company.

Kenya Mortgage Refinance Company (KMRC) was established as a key institution to support the Affordable Housing Pillar of the Government of Kenya’s Big 4 Agenda. In establishing KMRC, the Government adopted a public private partnership (PPP) arrangement with majority private sector ownership. KMRC was incorporated on 19 April 2018 under the Companies Act 2015 as a non-deposit taking financial institution regulated by the Central Bank of Kenya for purposes of providing long-term funds to primary mortgage lenders (Banks, Microfinance Banks and Saccos) in order to increase the availability and affordability of mortgage loans to Kenyans.

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