Co-operative Bank of Kenya has entered into a strategic partnership with Finsco Africa to enhance access to affordable housing for Kenyans.
The agreement, formalized on April 17, 2025, seeks to bridge the gap between property development and financing, enabling more Kenyans, both at home and abroad, to realise their dreams of homeownership.
The collaboration will offer customers access to quality property investments from Finsco Africa, alongside flexible financing solutions from Co-op Bank.
Notably, the bank is offering a competitive interest rate of 9.5% on the Kenya Mortgage Refinance Company (KMRC) home loan, with repayment periods stretched over a maximum of 25 years.
This is expected to make homeownership more attainable for a broader spectrum of the population.
A key feature of this partnership is the tailored mortgage solutions available to Kenyans in the diaspora, who will now be able to access home loans in foreign currency.
This initiative will offer them the opportunity to invest in property back home, with the reassurance of a trusted and transparent process.
The agreement was marked by the presence of senior officials from both organisations.
Among those in attendance were Beatrice Waiganjo, Managing Director of Home Direct, Finsco Africa; John Mwaura Kogi, CEO of Finsco Africa; Japhet Ponda, Head of Mortgage Finance at Co-operative Bank; and Frida Mitei, Head of Retail Mortgage at Co-operative Bank.
This partnership is expected to significantly impact Kenya’s housing market, especially by making affordable housing solutions accessible to a more diverse group of potential homeowners.
With the backing of Co-op Bank’s robust financial services and Finsco Africa’s property expertise, the move is seen as a pivotal step towards addressing the country’s housing challenges.
