{"id":80241,"date":"2023-01-13T15:32:57","date_gmt":"2023-01-13T15:32:57","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2"},"modified":"2023-01-13T16:49:38","modified_gmt":"2023-01-13T16:49:38","slug":"mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2","title":{"rendered":"Mwalimu Sacco unveils new mortgage plan in affordable housing drive"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Kenya’s largest Sacco by asset value, Mwalimu Sacco has unveiled an a mortgage plan that will see members access up to Sh8 million at nine per cent interest. The plan will assist members acquire ready houses built under the President William Ruto’s affordable housing project and repay for up to 308 months.<\/p>\n

Speaking during the launch in partnership with the Kenya Mortgage Refinancing Company, Co-operatives and Micro, Small and Medium Enterprises (MSME) Development Cabinet Simon Chelugui hailed the plan, calling on other financial institutions to join the bandwagon.<\/p>\n

“The Kenya Kwanza government is impressed by the effort by the private sector in ensuring that the affordable housing plan is realisable. The government will offer necessary support,” He said.<\/p>\n

His sentiments were echoed by the Housing Principal Secretary Charles Hinga who called on all stakeholders to pull resources to better lives of citizens.<\/p>\n

During the launch, the institution also unveiled an asset financing loan facility alongside an insurance premium financing to pay for insurance covers.<\/p>\n

This seeks to enable its members acquire personal assets. Mwalimu Sacco chairman, Joel Gachari said the new plan is a recommendable move to the Sacco membership.<\/p>\n

\u201cThe Sacco will become a one stop shop where members will be able to acquire affordable housing mortgage loan products, buy personal assets, commercial businesses and get insurance premium financing at a competitive pricing,\u201d he said.<\/p>\n

\u201cIt is an ingredient that will enable them own a home and acquire assets at the lowest interest rate in the market.\u201d He further added that the plan will enable the members get an increased pace for growth and expansion.<\/p>\n

According to the Sacco\u2019s CEO Kenneth Odhiambo, the three newly unveiled products will go a long way in changing the lives of the Sacco members by enabling them acquire the facilities at competitive rates.<\/p>\n

“The housing mortgage loan facility for instance, is at a competitive single digit pricing from a minimum loan amount of Sh500,000 to a maximum of Sh8 million to own a home across the country,\u201d Odhiambo said.<\/p>\n

He further reiterates that the plan will be a game changer in the market since it will be offering the members an opportunity to own any asset like commercial vehicles, personal cars, machinery and equipment at competitive pricing.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Kenya’s largest Sacco by asset value, Mwalimu Sacco has unveiled an a mortgage plan that will see members access up to Sh8 million at nine per cent interest. The plan will assist members acquire ready houses built under the President William Ruto’s affordable housing project and repay for up to 308 months. […]<\/p>\n","protected":false},"author":84,"featured_media":80239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-80241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nMwalimu Sacco unveils new mortgage plan in affordable housing drive - kenya<\/title>\n<meta name=\"description\" content=\"Kenya's largest Sacco by asset value, Mwalimu Sacco has unveiled an a mortgage plan that will see members access up to S ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mwalimu Sacco unveils new mortgage plan in affordable housing drive\" \/>\n<meta property=\"og:description\" content=\"Kenya's largest Sacco by asset value, Mwalimu Sacco has unveiled an a mortgage plan that will see members access up to S ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-13T15:32:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-13T16:49:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673611384.61-63c18b3e19847.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mwalimu Sacco unveils new mortgage plan in affordable housing drive\",\"datePublished\":\"2023-01-13T15:32:57+00:00\",\"dateModified\":\"2023-01-13T16:49:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2\"},\"wordCount\":398,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673611384.61-63c18b3e19847.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mwalimu-sacco-unveils-new-mortgage-plan-in-affordable-housing-drive-2\",\"name\":\"Mwalimu Sacco unveils new mortgage plan in affordable housing drive - 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