KCB Bank and Mi Vida Homes have announced a partnership aimed at addressing the housing deficit in Kenya.

The collaboration focuses on providing affordable, eco-friendly housing options, which are in line with the government’s Affordable Housing Programme.

KCB Bank will offer various banking solutions, including debt financing for the construction of homes, as well as end-user financing to assist potential homeowners.

This will help make homeownership more accessible to a broader range of people, especially those who struggle to afford housing.

Mi Vida Homes says it plans to deliver 5,000 homes over the next five years and ensure sustainable, high-quality living for homeowners while maintaining its track record of excellence and reliability.

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The homes will be part of Mi Vida Homes' master-planned, mixed-use communities and will be available to KCB Bank’s mortgage customers.

The aim is to provide well-built homes to first-time buyers and existing homeowners looking to buy property.

Caroline Wanjeri, Director of Mortgage Business at KCB Bank, highlighted the importance of this partnership in improving the housing sector.

"This partnership with Mi Vida Homes reflects our ongoing efforts to provide innovative and accessible financing solutions that empower more Kenyans to own homes," Wanjeri stated.

"By leveraging our financial expertise and Mi Vida Homes development capabilities, we are unlocking new opportunities for families across the country," said Wanjeri.

Mi Vida Homes CEO Samuel Kariuki echoed Wanjeri's sentiments on the importance of sustainable housing, noting that sustainable urban living is a necessity.

"At Mi Vida, we are committed to building homes that balance affordability, quality, and green living. In a rapidly urbanizing Kenya, timely project delivery is key to unlocking value, whether for a homeowner looking for a place to settle or an investor seeking strong returns," Kariuki stated.

"Real estate must evolve to meet the needs of our people today while ensuring a sustainable future for generations to come."

This partnership is part of Kenya’s wider effort to address the country’s housing deficit, with the Affordable Housing Programme aiming to provide 250,000 affordable housing units, particularly for low-income earners.

KCB Bank has affirmed its commitment to continue to play a significant role in supporting this initiative.