THE GHOST HOUSES OF NAIROBI SUBBURB
Coupled with harsh economic times, and the stalled lending by banks to average earners, more millennial have shifted preference to affordable housing, according to the Central Bank of Kenya.
“Following interest rate capping a number of borrowers has been shunned by banks. Since the commencement of the interest rate capping law, the number of loan accounts has declined significantly, reflecting lower access to small borrowers and larger loans to more established firms,”