Housing Finance Company (Kenya) Ltd (HFC) is a provider of longer-term mortgages to Kenyan households. Institutions offering this type of long term loans to their clients also need long term debt from investors, which are scarce in the region. Norfund will with this investment increase the access to finance and affordable housing for middle income families in Kenya.
Most of the customers to HFC get home financing through a product called Owner Occupied Mortgage, direct loans to the individuals for their own housing. Further, HFC offers loans through cooperations with employers. HFC only provide loans to salaried people, who are either employed in a company or self-employed who can document their income.