Kenyan homeownership aspirations just received a significant boost with the announcement of a groundbreaking partnership between NCBA, a leading Kenyan bank, and Fanaka Real Estate Limited, a prominent real estate company.

This strategic alliance promises to revolutionize the landscape of homeownership in the country by offering a first-of-its-kind mortgage financing solution.

The cornerstone of this partnership lies in the unprecedented opportunity for Kenyans to access up to 100 per cent financing for both land acquisition and subsequent construction.

This eliminates a major hurdle for many aspiring homeowners, who previously faced the challenge of securing financing for these separate stages.

As Tirus Mwithiga, NCBA Group Director, Retail Banking, explains, "Our solutions encompass various facets of the homeownership process. Through this collaboration, our customers will enjoy 100 per cent financing, streamlining the process of land ownership through to home construction."

Read More

  1. NCBA fuels Homa Bay’s economic rise with game-changing branch launch
  2. John Gachora strongly defends Kenya’s banking sector strength against critics
  3. NCBA partners with Xpress Money to enhance diaspora remittance services

The impact of this initiative extends far beyond mere financial transactions. NCBA, through Mwithiga, emphasizes a deeper commitment: "NCBA's commitment to homeownership goes beyond transactions. Our partnership with Fanaka Real Estate Ltd unlocks doors to stability, security, and prosperity."

Owning a home signifies not just a place to reside, but a foundation for building a secure future.

Fanaka Real Estate brings to the table a wealth of experience, having facilitated over 7,000 title deeds processed in their eight years of operation.

This expertise, combined with NCBA's established financial strength, creates a formidable force poised to reshape Kenya's real estate landscape.

As Mwithiga reiterates, "The collaboration between NCBA and Fanaka Real Estate Ltd was welcome as we share a common goal of revolutionizing the real estate landscape by enhancing access to affordable housing for all."

This partnership aligns perfectly with the ever-growing demand for affordable housing, especially in Kenya's rapidly developing satellite towns.

By joining forces, NCBA and Fanaka Real Estate Ltd. are actively addressing this need and paving the way for a future where homeownership is a more attainable dream for a wider segment of the Kenyan population.

Moses Muriithi, CEO of Fanaka Real Estate, underscores this point, stating, "Today, we're closing the capital gap with our partnership with NCBA. Financing is now more accessible, with up to 100 per cent financing for land purchase and home construction at low rates."

This significantly reduces the financial burden on aspiring homeowners, making their dreams a more tangible reality.

The significance of this collaboration extends beyond immediate benefits. It also acknowledges the crucial role played by Kenya's infrastructure sector in realizing the real estate sector's goals.

Eva Ratemo, Head of Property Finance at NCBA, expressed her gratitude to those who have contributed to this achievement.

"Kenya’s infrastructure sector has played a major role in realizing the Real Estate sector’s goals." - Eva Ratemo 

With this innovative partnership, Kenyans seeking to own a home now have a powerful ally. NCBA and Fanaka Real Estate Ltd. stand firmly committed to providing Kenyans with the resources and support they need to transform the dream of homeownership into a lived reality.

This collaboration signifies a significant step forward for Kenya's real estate sector, paving the way for a future where more Kenyans can experience the security and stability of owning their own home.