KCB Bank and Mi Vida Homes partner to deliver 5,000 affordable homes in Kenya
With Kenya facing a significant low-income housing deficit, this partnership aims to bridge this gap by ensuring a steady supply of 5,000 ready-built, high-quality homes over the next five years at Mi Vida Homes master-planned, mixed-use communities.
Mi Vida Homes and KCB Bank have inked a financing agreement to address the housing deficit in Kenya.
Aligning with the government’s affordable housing agenda, this partnership seeks to bridge the housing gap by enabling more individuals and families to own quality, eco-friendly homes at competitive financing terms.
Through this partnership, KCB will offer a suite of banking solutions, including debt financing, to support Mi Vida Homes in developing modern, well-planned housing units. Additionally, the bank will provide end-user financing to make homeownership more accessible for prospective buyers.
With Kenya facing a significant low-income housing deficit, this partnership aims to bridge this gap by ensuring a steady supply of 5,000 ready-built, high-quality homes over the next five years at Mi Vida Homes master-planned, mixed-use communities.
These units will be available to KCB Bank Kenya’s mortgage customer base, making it easier for first buyers and existing homeowners to achieve their dream of home ownership.
Speaking at the signing ceremony, Mi Vida CEO, Samuel Kariuki, emphasized the importance of evolving real estate to meet the needs of today’s population while safeguarding a sustainable future for generations to come.
“Sustainable urban living is no longer a luxury, it 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,” said Kariuki.
Caroline Wanjeri, Director of Mortgage Business at KCB Bank, highlighted the importance of this partnership in improving the housing sector.
“At KCB, we believe that homeownership is a key pillar of economic and social progress. This partnership with Mi Vida Homes reflects our ongoing efforts to provide innovative and accessible financing solutions that empower more Kenyans to own homes. By leveraging our financial expertise and Mi Vida Homes development capabilities, we are unlocking new opportunities for families across the country,” said Wanjeri.