Decision on Mailo tenure should be made cautiously

What you need to know:

  • Not so long ago, many commercial banks would not allow a Kibanja interest in land as security for a mortgage perhaps due to their inherent difficulty not only in confirmation of ownership but also the ease with which a borrower can place to multiple persons from money lender to banking institutions for access of credit.

In the recent years, commercial banks have widened categories of assets that are considered for secured lending perhaps due to improved measures of risk mitigation.

Welcome!

You're all set to enjoy unlimited Prime content.