Unsecured housing loan launched

Select Management Services – which is part of the investment firm African Alliance is set to offer micro-loans specifically for the purpose of buying a plot and building a house. Under the arrangement with their product called Ujenzi loan, civil servants, members of the Teachers Service Commission and employees of a number of approved companies will get loans in five phases each a maximum of Sh500, 000 on a check-off basis for a maximum period of 24 months in order to build a house. READ MORE: www.standardmedia.co.ke/business/InsidePage.php?id=2000040639&cid=14&story=Kenya