Housing Finance Company has increased its branches to 21, after opening an outlet in Hurlingham yesterday. HFC, the mortgage finance and banking subsidiary of HF Group, rolled out branches in Komarock and Machakos this year, and plans to increase its branches to 30 by end of this year to enhance customer accessibility. HFC has also rolled out a mobile banking platform and plans are underway to launch internet banking. “There are another 10 branches that are planned over the next three years, which will bring our branch network to 40.” said HFC managing director Sam Waweru. Waweru added that HFC has also developed other products targeting retail as well as corporate customers, among them a cyclic loan facility that allows Small and Medium Enterprises to service their loans when they receive payments.

Source: The Star June 15, 2016 08:09 UTC