Opportunity for Diaspora Kenyans to Develop DUT Townhouse with KMRC Finance via Family Bank

The Family bank Diaspora Banking division headed by Jennifer Chege is looking to connect Diaspora Kenyans with finance available in the Kenyan market. They have various events scheduled in the U.S.: Austin, TX July 9^th & 10^th; Dallas, TX July 4^th to 13^th; Boston, MA July 16^th to 18^th; and, Marietta, GA July 21^st to 26^th. One available financing opportunity is the Kenya Mortgage Refinance Company (KMRC) finance, advanced by 34 banks and SACCOs. Family Bank is one of these banks.

Diaspora University Town (DUT) project started in the Boston region in the city of Worcester, MA by Diaspora Kenyans has an opportunity for Diaspora Kenyans who want to own townhouses in a well planned town. Already 400 Diaspora Kenyans have opened DUT townhouse developer files.

Dan Kamau the DUT project director is happy to see Jennifer Chege visiting the U.S to connect the Kenyans with this mortgage finance.Dan and Jennifer previously worked together when establishing some of the 400 townhouse developer files. He was happy to welcome her and the Family Bank team when they visited Diaspora University Town at Voi.

Jennifer Chege of Family Bank at DUT Building Materials (Right) Ronald Mwangombe.

As a former Diaspora Kenyan, he welcomes more Kenyans to join DUT and be part of achieving a well-developed town with a university and a hospital similar to those in the U.S. He says the DUT approach of job creation and housing development is what enabled Diaspora Kenyans to live in the U.S. He is also inviting Diaspora Kenyans desiring to relocate back to Kenya to that up this opportunity.

DEVELOPING A DUT TOWNHOUSE & CREATING A JOB FOR YOURSELF OR PERSON IN KENYA

KMRC MORTGAGE https://www.kmrc.co.ke/

COMPLETED HOUSE USER

If one has relocated and taken up one of the jobs they will occupy their house and live in a well-planned town with a clean and healthy environment, a University, a level 5/6 university hospital, good basic education schools for children, and other amenities.

If Diaspora Kenyan does not live in the house, they can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

COMPLETED HOUSE EQUITY

Upon completion, each house will have equity calculated as Sale Price less the mortgage value. The sale prices are recorded in the DUT THD page https://dut.or.ke/thd

Year 1 Sale Price. Ksh 8 million
Year 2 Sale Price Ksh 8.5 million
Year 3 Sale Price Ksh 9 million
Year 4 Sale Price Ksh 9.5 million
Year 5 onward Market Price.

GDP GROWTH APPROACH

DUT uses the GDP Growth approach, which has grown the U.S. economy from $57 billion to the current $30 trillion. DUT will achieve a GDP of Ksh 20 billion.