The 80% are not in business, they are at bus parks posing as makangas, they are drinking themselves silly in the villages and siring more sorrows with their wives, they are carrying luggages from Muthurwa and country bus, they are your local mama mbogas and maasai's that take care of your estate. You see. You dont have a mortgage account yourself, count the people around you, they too dont, so do their friends and so on. Thats why we have only 15,000 mortgage accounts.

On Tue, Mar 1, 2011 at 5:44 PM, Kevin Oeba <oeba.kevin@gmail.com> wrote:

15,000 bank accounts ? I think that is misrepresented. Even a small size bank has more than 15,000 accounts.

Then 80% are in business and earn an income that is sufficient to purchase a house , right ?

On Tue, Mar 1, 2011 at 4:41 PM, Peter Osotsi <peter.osotsi@gmail.com> wrote:

People are buying, but the market is also depressed, according to the latest statistics. At 15,000 bank accounts ask yourself where the rest of the boom is coming from. With only 20% of adult Kenyans are in salaried employment, maybe we have suddenly grown too rich. Statistics don't lie.