Monday, March 17, 2008

Equity Bank and low end housing

This is a very noble idea (previous post), but will Equity (or is it HF) target the traditional mortgage clientèle just like the other banks? or will they target a totally new market. I am very interested in the modalities of actually granting this loans, I am especially interested in the eligibility criteria. Will Equity (or is it HF) target the traditional mortgage clientèle just like the other banks? or will they target a totally new market, i.e. low income earners. This is an important issue considering the low penetration levels and risky nature of mortgage financing even for high income people. Equity is known to be creative, so I look forward to the new products.

1 comment:

Maishinski said...

SAFARICOM IPO AND FEFUND PROBLEMS

Safaricom IPO should provide an option for payment AFTER allocation if someone provides a bank guarantee.

This will cut down refund processing costs and minimize potential impact on the Financial market (e.g. liquidity crunch in banking sector and wild currency swings).

Central Bank of Kenya should be at the forefront lobbying for this important issue!

Additionaly, Retail investors should not all be lumped together. What about the High Net worth Investors? People like Chris Kirubi should be given incentive to participate (i.e. without worrying that funds will be held idle if there is a massive oversubscription of the IPO).