NAIROBI, KENYA / October 04, 2011 - Family Bank, today introduced its latest, innovative product for budding home owners; Growing Home Mortgage.

Growing Home is Family Bank’s revolutionary approach to property ownership that makes owning a home simple and straight forward. Everyone wishes to own a home, but the expenses involved in building one even getting a mortgage are so huge and almost
unbearable to many people. Family Bank noticed that the mainstream customer buys land, gets money and builds their house in phases, hence the invention of Growing Home Mortgage.

Whether you need to pay step by step, build brick by brick, or expand floor after floor, Growing Home Mortgage has the most unique affordable solutions. Family Bank will quickly get you living comfortably in your home or growing your property portfolio.

“A growing number of the middle class is now opting for home ownership, with many individuals and groups now appreciating that investing in a home not only provides a solid security, but is a relatively stable investment,” said Mr. Peter Munyiri, Family Bank
Managing Director. He added that “Family Bank continues to monitor our customers’ wants and needs, so as to create products and services which are better suited to them.”

You can now move into your new home from Kshs. 1 Million in four easy steps:

1. If you own a plot, it will anchor the affordable financing for construction of your house, which you build in phases, as and when you can afford to do so.
2. Once you’ve selected one of the available house plans, you can start building based on your timelines and your pocket.
3. Once the first phase of your home is complete, move in!
4. 4. Your new home will grow with you as your finances and circumstances allow

Family Bank was registered as a Building Society in October 1984 in Kenya, and has grown over time; currently has over a million customers with network of over 60 branches countrywide. Since inception, Family Bank has been providing affordable financial services to the low and medium income earners and currently has a balance sheet with an Asset Base that is in excess of ksh23 billion and a Core Capital of over ksh3 Billion.