KCB Bank has partnered with Chloride Exide, East African Cables and Crown Paints to offer added value to the lender’s mortgage customers in efforts to push uptake of housing products.
In partnership with the entities, existing developers in its books as well as new customers will get enhanced product proposition.
In the partnership with East African Cables, developers will enjoy up to 20% discount on cables bought from the Nairobi Securities Exchange-listed cable maker. KCB mortgage customers purchasing paints from Crown Paints will access up to 35% in price cuts while those buying solar water heating systems from Chloride Exide will be given at least 25 per cent in discount. They will also enjoy free installation upon purchase.
The bank with about 450 active members in its developers club, will be sending off 30 of them for a fact-finding two-week trip in Brazil. The trip is meant to expose the developers to a broader housing business scope and modern architectural designs that could be pasted to the Kenyan industry.
Also in efforts to keep housing policies and propositions up to standard, KCB is looking to adopt technologies and advancements in the developed economies to the real estate industry in the country.
KCB Chief Business Officer and Managing Director, Kenya Samuel Makome said the Bank was keen on partnerships meant to better meet the needs of the modern customer.
“We have worked out a comprehensive plan meant to boost home ownership and development across the country, hinged on offering an expanded product proposition” said Mr Makome.
A recently released Lamudi 2015 report on Kenya’s real estate projects that 2016 will mark a significant change for the housing industry. Migration away from metropolitan areas, infrastructure improvements and increased international interest from investors are just some of the expected developments for real estate markets within emerging nations