Skip to Main Navigation

Kenya Affordable Housing- Unaffordable & Inaccessible Mortgages


  • SOLICITATION NUMBER: 0002005281
  • INSTITUTION:  IFC
  • ASSIGNMENT LOCATION: Kenya
  • ISSUE DATE AND TIME: Nov 16,2023 06:06
  • CLOSING DATE AND TIME: Nov 30,2023 23:59

Diagnostic and assessment of the challenges around unaffordable and inaccessible mortgages for the lower-middle-income segment in Kenya. The diagnostic will provide Government of Kenya (GoK) and key market players (including IFC) with a set of practical and actionable recommendations for SACCOs; MFIs; and the commercial banks that if adopted will result in more financial inclusion under affordable housing finance especially lower and lower-middle income segment.The objective of the study is to identify legal; regulatory; structural; procedural; and governance gaps that if addressed will catalyze the following:i.         SACCOs and other MFIs to optimally participate in KMRC as Primary Mortgage Lenders (PMLs); ii.       The adoption of alternative affordable housing ownership models (e.g. Rent-to-own (RTO) and Tenant Purchase Schemes (TPS)); iii.      Increased uptake of traditional mortgage e.g. foreclosure laws and regulations; iv.      The adoption of different financing models that can be explored to accelerate affordable housing e.g. through capital markets; v.       The employment of innovative tools including structured financing models for DIY construction;Based on the findings from the analysis; develop practical and actionable recommendations for SACCOs and the commercial banks to result in more financial inclusion under affordable housing finance especially lower and lower-middle income segment.

The WBG reserves the right to publicly disclose contract award information, including but not limited to, name of company receiving the award, brief description of services, and contract award amount, for any contract award valued over US$250,000. Offeror's proposal and contractual documents will remain confidential and therefore not subject to disclosure.

The World Bank reserves the right to reject any or all responses without recourse.

Welcome