The Project consists of an equity investment of up to US$2 million equivalent in the Kenya Mortgage Refinance Company (“KMRC” or “the Company”), of which up to US$1 million equivalent may potentially be supported by an IDA PSW Blended Finance Facility investment. KMRC is a private mortgage refinancing company that will provide long-term funding and liquidity to financial institutions to foster the development of the housing sector and improve affordability. With IDA PSW support, IFC become a shareholder and drive the impact by addressing the primary market failure of lack of access to viable financing, including in the underdeveloped counties of Garissa, Isiolo, Lamu, Mandera, Marsabit, Samburu, Tana River, Turkana, Wajir, West Pokot.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Kenya Mortgage Refinance Company Limited
Interim Chief Executive Officer
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/