Own a two-bedroom house for Sh150,000

In another model, groups that want to pool their resources to buy land for later subdivision only need to raise 20 per cent of the price; the remaining 80 per cent would be financed.

Giving hope

It may take longer for lower income earners to save up before they can get a title deed to their own property, but these developments are giving these people hope where, in the past, there was none. According to Ms Munro, “when you make people rent, the landlord will always want to make more profits and will end up charging high fees. Poor people will get nothing when they leave.”

Mixing microfinance and housing is the way forward, she recommends. “Many housing projects have failed because the owners, in need of emergency cash, ended up selling to people who did not need the houses,” says Ms Munro.