Housing and Mortgage

Rafiki home account is a saving account that encourages clients towards home ownership through their savings with Rafiki Microfinance Bank.

• Opening Balance Ksh. 1,000
• competitive Interest.
• No ledger fees
• Two withdrawals per year, once on every half
• Open to both individuals ,limited companies and groups
• Rafiki Home account is a prerequisite for clients intending to take up a mortgage or housing facility

The product fills the gap of the ones who already own land but with no title deeds. The loan addresses the following purposes:

• Undertaking repairs and renovation.
• Up scaling or addition to existing rental unit.
• Development of new rental units.
• Construction of new homes.
• Power installation
• Borehole drilling
• Fencing

• Amount: 500,001-1,000,000
• Loan duration: 24 months
• Competitive interest rates

• Amount: 20,000-500,000
• Loan duration: 24 months
• Competitive interest rates