John is my childhood friend. He has allowed me to write about his journey to owning a house.
Marital status: Married with a son
Employer: Government of Kenya
John’s wife is called Mary.
Employer: Self employed
The Government has put up a scheme to allow its employees to own houses. http://www.nation.co.ke/news/Civil-servants-to-get-car-house-loans/1056-2577962-d2t29lz/index.html gives a background on this offer.
Summary of the Mortgage scheme at John’s work place
House mortgage scheme.
Interest rate: 3%
Maximum limit: Kshs 10 million.
Maximum duration: 20 years.
This series of posts will seek to explore the road that this couple will walk to owning a house.**