Engineers Judy Muya and Leonald Mungai visited Diaspora University Town (DUT) to explore opportunities to be part of the project. Dan Kamau, the DUT project director, welcomed them and invited them to be part of the project by becoming townhouse developers and participating in the design-build plan with a budget of Ksh 39.5 billion. The DUT design-build plan aims to deliver 60 km of roads and infrastructure network and approximately 3,700 buildings on some of the 3,778 plots.

Dan, who previously worked for a design-build company that integrated engineering, construction, equipment, and trucks, informed the engineers that the design-build plan consists of 300 production contracts. These contracts are divided into 20 contracts for the roads and infrastructure network, 175 for the townhouses, and 95 for university, MSMEs, and organization properties.

Dan also mentioned that the Diaspora University School of Engineering will support the growth of the design-build sector. He emphasized the importance of the design-build system in the U.S., which has contributed to the strength of roads, infrastructure, and housing. He cited examples of top design-build companies in the U.S. and their construction work.

The engineers, who have experience in various projects and possess diverse construction equipment, appreciated DUT's approach focused on job creation, wealth creation, and environmental sustainability. They expressed their intention to join DUT as townhouse developers and participate in the Ksh 39.5 billion budget.

Email dan@dut.or.ke to get information on how to join the design-build plan.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

Dr. Lawrian Mseri of Voi, Taita Taveta, has started founding the Diaspora University Department of Psychology. In this role, he will write the detailed departmental plan, which includes the vision, mission, degree programs, courses, departmental building plan, equipment, faculty, staff, Diaspora University Town (DUT) integration plan, projects, research, collaborations, and other areas. The department plan will be shaped as a 2030 plan with the goal of having the department building completed and the first class awarded degrees by 2030.

When visiting the DUT offices at Diaspora University Town, Dr. Mseri began advancing his vision of the psychology department that will offer diverse degree programs at the undergraduate, postgraduate, and doctoral levels.

The department will advance the education of the mind, brain, and human behavior. Courses on how people think, feel, act, interact, mental development, mental illness, personality, emotions, social dynamics, and others will be written and taught at the department.

Dan Kamau, the Diaspora University Trust executive trustee and DUT project director, in welcoming Dr. Mseri, said the Diaspora University Department of Psychology will play a critical role in sustaining the Diaspora University Town (DUT). He said that the town development plan considered the fact that, as a 25,000 residents town develops, there will be persons with mental illness and psychological issues.

Dan further explained that the department will be started in the first 3 buildings built, and thereafter, its building as per Dr. Mseri's plan will be built. He stated that the 2030 goal is to complete about 30 buildings, including housing departments, centers, and the library. He said the financing will come from the Ksh 20 billion Diaspora University endowment plan, with Ksh 6 billion for building and equipment, and Ksh 14 billion for student funding. He thanked Dr. Mseri for joining DUT and for now starting the founding of the Diaspora University Department of Psychology.

Dr. Mseri joined DUT as a townhouse developer in 2025, after attending a DUT workshop held at the Diaspora University Town (DUT). Today, he is part of the DUT townhouse developers whose goal is to tap about Ksh 25 billion from the Kenya Mortgage Refinance Company (KMRC) for Taita Taveta County. The Ksh 25 billion will be tapped through the 20,000 DUT job creation plan and the DUT 3,500 townhouse development plan.

KMRC, created in 2019, is similar to Fannie Mae in the U.S., which was created in 1938 to fund housing mortgages. Just as Fannie Mae grew to provide $4.1 trillion in mortgage financing for millions of homes in the U.S., KMRC, which by 2025 had funded Ksh 19 billion to 5,148 mortgages across 39 counties in Kenya, will continue to grow. KMRC had Ksh 17 billion in cash in 2025.

DUT continues to welcome scholars who wish to become founders of Diaspora University departments. About 30 academic departments will be founded at Diaspora University.

Email dan@dut.or.ke to get information on how to become a founder of one of the DUT academic departments.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

In the Constitution of Kenya, Article 53, we wrote, “(1) Every child has the right— (b) to free and compulsory basic education. In Article 237, we wrote, “(1) There is established the Teachers Service Commission. (2) The functions of the Commission are— (b) to recruit and employ registered teachers.” Today TSC is the largest employer in Kenya with over 400,000 teachers, tutors, and staff.

Teachers and staff employed by TSC, today have an opportunity to become founders of Diaspora University and advance career education for the young students that they provide basic education to. The opportunity involves becoming a Diaspora University Town (DUT) townhouse developer. Once one becomes a DUT townhouse developer using a DUT THIDA, they also become a Job Creator, a Diaspora University founder, a Medical Hospital Founder, and a Town Founder.

One can become a DUT townhouse developer using available banking products. Monica Sau, a university graduate who is a TSC teacher in Voi, when visiting the Diaspora University Town (DUT) site, considered the investment opportunity when one becomes a townhouse developer and when establishing a Micro, Small and Medium Enterprise (MSME).

She agreed that teachers can indeed become founders and grow their wealth through the DUT approach. On the banks' financial products of check off loans and KMRC-backed mortgages, she said the Voi banks are always visiting us in the schools to offer us finance.

DUT would be happy to welcome TSC teachers from Voi, Taita Taveta, and Kenya who would like to become founders through developing a DUT townhouse through the step-by-step approach below.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

In 2020, Kingdom Bank received a KSh 20 billion loan facility from the Central Bank of Kenya (CBK). The exact amount of 20,960,000,000 was advanced as a zero-interest loan in accordance with the CBK statutory mandate as regulator. Kingdom Bank started the (7) repayment in 2023, paying Ksh 2,994,285.715 every year.

Just as CBK created the credit product for Kingdom Bank, CBK can create financial products that enhance the productivity of land and human resources, to facilitate the realization of Kenyan constitutional rights.

The Constitution of Kenya 2010, in article 231, established CBK as a state body, as recorded in article 231 (1) that reads, “231. (1) There is established the Central Bank of Kenya.”

One of the roles of CBK is to advance money to meet constitutional rights in accordance with the Constitution of Kenya, Article 231 (2), “The Central Bank of Kenya shall be responsible for formulating monetary policy, promoting price stability, issuing currency and performing other functions conferred on it by an Act of Parliament.”

Constitution of Kenya article 21 reads, “(1) It is a fundamental duty of the State and every State organ to observe, respect, protect, promote and fulfill the rights and fundamental freedoms in the Bill of Rights. (2) The State shall take legislative, policy and other measures, including the setting of standards, to achieve the progressive realisation of the rights guaranteed under Article 43.”

Many Communities in Kenya languish in poverty despite having the key resources of production, land, and human resources. A financial product that can make land and human resources productive is needed.

CBK has a constitutional mandate to create a financial product that promotes and fulfills environmental, economic, social, and children's rights, as provided in articles 42, 43, and 53 of the Constitution of Kenya. A product of a minimum of Ksh 1 billion to a maximum of Ksh 20 billion at an interest rate of, say, 5%, can be created to advance the rights of communities and Kenyans through big projects. The money can be advanced through commercial banks.

EXAMPLE BASED ON DIASPORA UNIVERSITY TOWN (DUT) PROJECT.

The Diaspora University Development Plan, covering 1,500 acres, and the Ndara B Development Plan, covering 4,000 acres, are two plans that can tap this money through a Ksh 2 billion loan.

Diaspora University Town (DUT) 1,500 Acres Plan

The 1,500 acres that achieve environmental, economic, social, and children's rights for 25,000 Kenyans, while growing Kenya's GDP by Ksh 15 billion through the creation of 15,000 jobs.

Ndara B Development Plan on 4,000 acres.

The 4,000-acre plan advances environmental, economic, social, and children's rights by creating 5,000 jobs and producing housing, building materials, agricultural products, and water.

The Results after application of the Ksh 2 billion to the DUT and Ndara B Plans.

1. The Ksh 2 billion and interest of about Ksh 600 million would be repaid.
2. Ksh 20 billion Gross Domestic Product (GDP) achieved.
3. 20,000 Jobs Created (DUT Plan 15,000 and Ndara B Plan, 5,000). The jobs would meet workers' rights to food, housing, healthcare, clean water, and other rights for workers and their families.
4. 25,000 Residents Town with a clean, sustainable environment achieved.
5. Growth of banking sector assets by Ksh 70 billion as Mortgages & MSME Assets Finance are issued through Commercial banking sector products.

(Dan Kamau, the writer, is the creator of the DUT Master Development Plan Email dan@dut.or.ke)

Kenya Mortgage Refinance Company (KMRC) of Kenya is owned by the Government of Kenya, Kenya Banks and SACCOs, the World Bank, and Shelter Afrique. KMRC was founded in 2019 to provide mortgage refinancing for housing. The company's assets at the close of 2025 were KSh 43 billion. Fannie Mae, a government-sponsored enterprise (GSE) based in the United States, was founded in 1938 to issue mortgage financing to financial institutions. The company's stock is traded on the stock exchange. It is the largest company in assets in the U.S., with $4.1 trillion in assets at the close of 2025.

By the close of 2025, KMRC had provided refinancing mortgage funds of Ksh 19.58 billion to 18 primary lenders (Banks and SACCOs). The funds were used to issue 5,168 mortgages across 39 of Kenya's 47 counties. In 2025, Fannie Mae financed $409 billion, helping 1.5 million households buy or refinance their homes across the 50 States of the U.S.A.

Diaspora University Town (DUT) development plan includes 6,700 townhouses and apartments. Under the project's 20,000 job creation plan, over 8,000 households will be established. The project will grow KMRC's assets by over Ksh 35 billion, as KMRC provides mortgage financing for the 6,700 residential properties.

Just as Fannie Mae grew Assets to $4.3 trillion as it financed housing, KMRC will grow assets as it finances housing and facilitates the fulfillment of the Kenyan constitutional rights to the environment, housing, clean water, and children's rights.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

Dr. Pascal Mwambi of Lushangonyi, Wundanyi, Taita Taveta, and Amref International University in Nairobi became a founder of Diaspora University and Diaspora University Town (DUT) with the signing of the DUT Townhouse Investment and Development Agreement (THIDA). He is today a developer of two of the planned 3,500 townhouses that will pull Ksh 25 billion to Taita Taveta County. He also became a founder of Diaspora University and began developing a plan for the Bioethics department to advance the ethics of medical and biological research.

He discussed the Diaspora University development plan and the Diaspora University Town (DUT) development plan with the project director, Dan Kamau. The two agreed that the planned town approach should be embraced going forward to achieve environmental sustainability for ourselves and future generations.

Regarding the DUT development approach, Dan informed Dr. Mwambi that the DUT project's capital input is currently valued at about Ksh 6 billion. The capital comprises assets of Diaspora University Trust, Townhouse Developers, and MSMEs.

Dan said his 2026 goal is to grow the DUT assets past the Ksh 10 billion mark by allocating all 3,500 townhouses to developers through THIDA, increasing the number of MSME agreements, and constructing over 20 buildings. He added that the next stage is to grow the DUT assets to Ksh 200 billion by 2030, comprising the Diaspora University endowment, valuation of 3,500 townhouses, valuation of other properties, and valuation of MSMEs/Organizations.

Dr. Mwambi, who has taken the time to read through the DUT website, stated that as Taita Taveta residents increasingly understand the benefits of DUT, they will become founders of this university and a well-planned town that will benefit generations.

The two then visited the KCB Bank Voi branch, where they met with Branch Manager Benson Mutie. Dr. Mwambi asked the bank manager to help the Voi residents understand the DUT approach and the bank's financial products. He asked the Bank manager to help Taita Taveta tap the KMRC finance through the DUT townhouses development plan.

The two financial products currently offered by KCB Bank that can be applied to the DUT Townhouses development plan are: personal unsecured check-off or non-check-off loan, and the Kenya Mortgage Refinance Company (KMRC) mortgage loan of up to Ksh 10.5 million, 25 years, and 9% interest that is issued through 34 financial institutions that are KMRC's primary mortgage lenders.

The bank manager, upon learning that Dr. Mwambi works at Amref University, stated that Amref University and KCB Bank are in the final stages of an MOU that will enable Amref employees to access the personal unsecured check-off loan.

Dr. Mwambi is today a townhouse developer in the 3,500 DUT Townhouse developer system. The 3,500 DUT townhouse developer system is established and is capable of attracting about Ksh 25 billion to Taita Taveta, about Ksh 7 million per unit.

As a developer of two townhouses, Dr. Mwambi is today part of the people working to bring this money to Taita Taveta. He is asking his fellow scholars at Taita Taveta University (TTU) and other institutions to join DUT and bring this money to Taita Taveta. Scholars also have the opportunity to write founding plans for about 30 academic departments that will have buildings on the university's land.

To the Taita Taveta residents, especially those working in government and companies with which KCB has MOUs, Dr. Mwambi's message is: sign your THIDA, get a personal loan, and be counted in bringing the Ksh 25 billion to Taita Taveta as we create 20,000 jobs, develop a university, and build the first well-planned town in Taita Taveta and Kenya.

KMRC was started in 2019 with capital input from GOK, 20 Kenyan financial institutions, Shelter Afrique, and the World Bank. The company thereafter received two credit lines from the World Bank and the African Development Bank totaling about KSh 40 billion. The amount withdrawn by the end of 2025 was Ksh 35 billion. Ksh 19 billion was applied to fund 5,148 mortgages spread across 39 counties. Ksh 17 billion was held in cash deposited with the following banks: KCB 4.5 billion, HFC 2.1 billion, ABSA 2.5 billion, NCBA 5.7 billion, Coop 2.1 billion.

Another fact is that KMRC was created similarly to Fannie Mae in the U.S. Over the last 90 years, Fannie Mae has grown steadily and today provides mortgage financing of $4.5 trillion. KMRC will grow and, by 2030, could surpass Ksh 500 billion and issue over 200,000 mortgages.  

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

Ronald Mwangombe was one of the 85 members of the Ndara B Community who spent a full day evaluating the institution's town development plan, which has become the Diaspora University Town (DUT). He is happy that the community members made the right choice of embracing the building of a new town, university, and hospital. Today, DUT is at a point where Voi residents can join to tap Ksh 25 billion from KMRC, with 3,500 townhouses planned, each tapping about Ksh 7 million.

Kenya Mortgage Refinance Company was founded in 2019 and has since raised over Ksh 45 billion in capital and loans for financing residential mortgage loans. In the KMRC 2025 financial statement, the cash balance was reported at Ksh 17 billion. This showed the cash available for residential houses.  

Ronald gives the following reasons to tap this money through the DUT 20,000 job creation and 3,500 townhouses plan:

1. Ksh 25 Billion Mortgage Money is Available.

KMRC was formed in 2019. The company would receive two credit lines from the World Bank and the African Development Bank totaling about KSh 40 billion. The amount withdrawn by the close of 2025 was Ksh 35 billion. Ksh 18 billion was used to fund mortgages in diverse counties, and Ksh 17 billion was held in cash and is available.

Another fact is that KMRC is set up to raise money as quickly as houses are built. The mortgage finance is today advanced by 34 financial institutions (14 banks and 20 SACCOs). The mortgage product: up to Ksh 10.5 million, 9% interest, 25 years.

2. Four (4) Banks Advancing the Mortgages are in Voi.

Of the 34 financial institutions listed as advancing KMRC mortgages, four banks have set up branches in Voi—namely, KCB Bank, DTB Bank, Absa Bank, and Cooperative Bank. Ronald is challenging the bankers in Voi to think outside the box so that this money can come to Voi and Taita Taveta.

3. Making new wealth using the Personal Unsecured Loan Products offered by Banks

The personal unsecured loans offered by these banks will enable Voi residents to access money that they can apply as capital as they become DUT Townhouse developers. Government employees and others who qualify for the personal unsecured loan can take a 750,000 loan to capitalize the development of a townhouse and, in doing so, develop it by investing about Ksh 12,000–15,000 a month through loan payments. A townhouse will bring in Ksh 7 million in KMRC funds to Taita Taveta. The townhouse will increase the developers' wealth.

4. 20,000 Government Employees

Ronald challenges about 3% of the nearly 20,000 government employees in Taita Taveta County to tap into the unsecured loans offered by banks. The government employees include teachers, doctors, nurses, judicial members, police, national government departments, county government departments, and other government commissions. He gives the example of the KCB Bank loan product that reads, “Get a check off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.” Similar products are available in other banks.

5. 20,000 Jobs Creation

When giving the reason of 20,000 jobs created, Ronald makes a plea on behalf of young people aged 25 and below, who will be the main beneficiaries. He asks those blessed with jobs and income to create these jobs by tapping KMRC funds.

6. Income for businesses

As the Ksh 25 billion flows to Taita Taveta, businesses will see a spike in revenue as the money enters the pockets of 20,000 workers who spend it in the Voi region.

7. Developing a New Town, University, and Hospital

Ronald says that one of the moments he felt he had done something important for himself, his family, his community, and future generations of Kenya was when he voted to grant the land the DUT project is now under development. He adds that those who join DUT will also feel proud to become founders of a new town, university, and hospital. When talking about the hospital, he says that, whether he is getting treatment, his grandchild is born, or any other medical event occurs, he will be happy to tell the story of how he and others helped build the hospital. He asks Voi residents to join so they can tell the story too.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

Rosinah Kitatu, the Director of St Jude School in Voi, visited the Diaspora University Town (DUT) project in 2025. She would understand the DUT project, which is focused on advancing university education, creating jobs, developing housing, and boosting GDP growth. Today, she is rallying Voi and Taita Taveta residents to become DUT townhouse developers and achieve Ksh 25 billion for Taita Taveta from Kenya Mortgage Refinance Company (KMRC). She says this achievement is for the future of Taita Taveta children.

KMRC was launched in 2019 with KSh 200 million in funding from Kenyan taxpayers. The company, through capital and credit lines, has, by the close of 2025, achieved Ksh 45 billion in financing. The 2025 financial records show that Ksh 19 billion is loaned out and Ksh 17 billion is held in cash. A borrowing of Ksh 35 billion from the credit lines of about Ksh 40 billion from the World Bank and the African Development Bank. A story published in the Business Daily on 11th March 2026 reported that the company planned to raise Ksh 40 billion through a green bond in April 2026.

KMRC is structured similarly to Fannie Mae & Freddie Mac in the U.S., and, just as these U.S. businesses have progressed to finance $7.5 trillion in housing mortgages (about Ksh 900 trillion), KMRC will have the capacity to raise capital to finance housing mortgages on an increasingly larger scale. This means Ksh 25 billion can be tapped from KMRC in the next 5 years to come to Taita Taveta.

To bring Ksh 25 billion to Taita Taveta, DUT is welcoming Voi and Taita Taveta residents to become developers of a 5-bedroom, 4-bathroom DUT townhouse by investing about Ksh 15,000 per month through the DUT THIDA system. The DUT Master Development Plan (MDP) is ready to deliver Ksh 25 billion to Taita Taveta through the 3,500 townhouses development, 15,000 job creations, and Ksh 15 billion in GDP growth.

The 3,500 townhouses will be financed through the KMRC mortgage product, advanced by banks and SACCOs, which are the primary mortgage lenders. As the DUT-MDP achieves 3,500 townhouses, 15,000 jobs, and a Ksh 15 billion GDP, the Ksh 25 billion will flow from KMRC to Taita Taveta.

The Ksh 25 billion will be part of financing about 100 million human resource hours as persons produce materials and construct. As 20,000 new jobs are created, the consumption of goods and services will increase, and Voi businesses' revenue will rise. For example, a Voi business generating Ksh 20 million in revenue will see its revenue grow past Ksh 30 million.

STEP BY STEP PROCESS OF DEVELOPING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

The Diaspora University Town (DUT) project, focused on job creation, housing development, and GDP growth, is seeking Kenyans interested in developing and owning a 5-bedroom, 4-bathroom townhouse by investing Ksh 15,000 per month. Through a DUT-THIDA system, Kenyans will develop 3,500 townhouses, as planned in the DUT Master Development Plan (MDP), with 15,000 jobs created, 3,778 property developments, and Ksh 15 billion in GDP growth.  

STEP BY STEP PROCESS OF DEVELOPING & OWNING A DUT TOWNHOUSE WITH KSH 15,000

STEP 1. KSH 750,000

Visit a bank and borrow Ksh 750,000 through the bank's Personal Unsecured Loan products. Some of the Bank products that will make the loan repayment below Ksh 15,000 a month are:

KCB Bank Personal Unsecured Check-Off Loan

https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/check-off

Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.

Coop Bank Personal Unsecured Check-off Loan

https://www.co-opbank.co.ke/borrow/personal-loan/

Minimum loan amount of Ksh 50,000. Maximum loan amount: KES 10,000,000. Maximum term of up to 132 months (11 years)

DTB Bank Personal Unsecured Loan

https://dtbk.dtbafrica.com/account/unsecured-loan

Check off Non-Check loan, unsecured loan. Minimum Kes 50,000 up to Kes 6 Million. Tenor 96 months (8 years).

ABSA Bank Personal Unsecured Loan

https://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Borrow up to KES6,000,000 with no collateral required as security. Flexible repayment options up to 96 months

Monthly Payments of Loans based on 16% Interest

Based on a 16% interest rate, the monthly payments for the maximum loan period would be: Co-op Bank, Ksh 12,107; KCB Bank, Ksh 12,563; DTB, Ksh 13,897; and ABSA, Ksh 13,897.

Note that the bank's interest rate would determine the actual amount.

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the Ksh 750,000 in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open and will start developing one townhouse.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse.

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4).

The table in step 1 illustrates how the principal balance is incorporated into a mortgage.

STEP 5. COMPLETED HOUSE USAGE

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

STEP 6. 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

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

Kenya Mortgage Refinance Company (KMRC) kicked off in 2019 with a Ksh 200 million grant from Kenyans. KMRC thereafter received credit lines from the World Bank and the African Development Bank. By the close of 2025, KMRC had credit lines of about Ksh 40 billion. Its 2025 financial records show the company had about Ksh 23 billion available for lending. Taita Taveta County can tap Ksh 25 billion through the Diaspora University Town (DUT) job creation, housing development, and GDP growth system. KMRC's balance sheet has grown from Ksh 2 billion (2019) to Ksh 45 billion (2025) and will continue to grow as it issues house mortgages.

The first step in tapping the Ksh 25 billion is to have about 400 Taita Taveta residents or friends of Taita Taveta join DUT as DUT townhouse developers, using DUT–THIDA and bank/SACCO loan. The step-by-step process is explained below.

Example of a banking product in the market. “Get a check-off loan as a government employee, or a company that has an agreement with KCB Bank. The check-off loan of Kes 20,000 up to Kes 10 Million is repayable in up to 120 months (10 years), with monthly repayments remitted by your employer.”

Government employees covered by this banking product include those working in public schools, the judiciary, the County government, public hospitals, national government departments, parastatals, and other government agencies. Taita Taveta County has about 20,000 government employees.

Once the capital is established through the DUT – THIDA and Bank/SACCO loans, the capital will, in accordance with the DUT Master Development Plan (MDP), be applied toward 20,000 job creation, 3,500 townhouse development, and Ksh 20 billion new Gross Domestic Product (GDP) development. The jobs, houses, and new GDP will gradually add Ksh 25 billion to Taita Taveta County over about 5 years, from KMRC funds, reflected as 3,500 townhouse mortgages.

The 400 persons will become DUT townhouse developers through the step-by-step process below. The 400 persons will also become Diaspora University founders, 20,000 job creators, and developers of Ksh 200 billion in new wealth.

STEP BY STEP PROCESS

STEP 1. KSH 750,000 to KSH 3 MILLION

Visit a bank and borrow Ksh 750,00 qacdf0, 1.5 million, 2.25 million, or 3 million through the bank's Personal Unsecured Loan products.

Personal Unsecured Loans in the Voi Market

1. KCB Bankhttps://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal
2. Coop Bankhttps://www.co-opbank.co.ke/borrow/personal-loan/
3. DTB Bankhttps://dtbk.dtbafrica.com/account/unsecured-loan
4. ABSA Bankhttps://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator
5. Equity Bank https://equitygroupholdings.com/ke/borrow/personal/equiloan/

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the money in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse. https://dut.or.ke/design-build

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4) would be added together.

STEP 5. COMPLETED HOUSE USAGE

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

Using the example in Step 4, the Ksh 65,000 would be applied to pay the monthly mortgage of Ksh 60,352

The difference between Ksh 65,000 and Ksh 60,352 (Ksh 4,648) would be the owner's monthly income.

STEP 6. 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

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

Using the Example in STEP 4, a house completed in month 20 would have a sale price of Ksh 8.5 million. This means the equity in the house would be the difference between the Ksh 8.5 million sale price and the Ksh 7,191,686 owed, which equals Ksh 1.3 million.

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.

Banks in Voi are ready to lend Voi residents Ksh 300 million to join the Diaspora University Town (DUT) townhouses development plan. The banking product offered is the personal unsecured loan. A Voi resident can develop 1 to 4 DUT townhouses by investing between Ksh 750,000 and Ksh 3 million. The development is done through the DUT Townhouse Investment and Development Agreement (THIDA). Rosinah Kitatu, the founder of St Jude School, who has embraced the DUT plan, said in a meeting with Frank Mutura that Voi residents would be happy to be part of founding a university that shall educate their children.  

The residents who take the 400 loans of Ksh 750,000 will pay about Ksh 15,000 per unit per month. Frank Mutura, when visiting the KCB Bank Branch in Voi, engaged Benson Mutie, the Branch manager. The Branch manager stated that the bank can lend money to Voi residents. The loans totaling Ksh 300 million, once issued, will generate about Ksh 5 million of new interest revenue a month.  

The Voi residents and the banks with the Ksh 300 million will progress the DUT 20,000 job creation plan (15,000 DUT jobs plan and 5,000 Ndara B 4,000 acres jobs plan). As these new jobs are paid monthly, the Voi business's and bank's revenue will progressively grow.

The Ksh 300 million invested in developing 400 townhouses will attract about Ksh 3 billion to the Voi region from the Kenya Mortgage Refinance Company (KMRC) as the 400 townhouses are completed, financed, occupied, and a new GDP is achieved in Voi.

The DUT 3,500 townhouses plan, which will include the Ksh 300 million, will attract about Ksh 30 billion from KMRC to the Voi region.  

STEP BY STEP PROCESS

STEP 1. KSH 750,000 to KSH 3 MILLION

Visit a bank and borrow Ksh 750,000, 1.5 million, 2.25 million, or 3 million through the bank's Personal Unsecured Loan products.

Personal Unsecured Loans from Banks in the Voi Market

KCB Bankhttps://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal

Coop Bankhttps://www.co-opbank.co.ke/borrow/personal-loan/

DTB Bankhttps://dtbk.dtbafrica.com/account/unsecured-loan

ABSA Bankhttps://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

Equity Bank https://equitygroupholdings.com/ke/borrow/personal/equiloan/

Family Bank https://familybank.co.ke/?loans=employee-loans-kenya

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put the money in the Diaspora University Trust account.

At this point, a DUT townhouse developer file will be open.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly installments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse. https://dut.or.ke/design-build

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, get a KMRC mortgage through your bank.

The mortgage at this point can include the Principal Balance of the unsecured loan (Step 1), and the House Development Cost (THIDA Article 4) would be added together.

STEP 5. COMPLETED HOUSE USAGE

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

Using the example in Step 4, the Ksh 65,000 would be applied to pay the monthly mortgage of Ksh 60,352

The difference between Ksh 65,000 and Ksh 60,352 (Ksh 4,648) would be the owner's monthly income.

STEP 6. 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.

Using the Example in STEP 4, a house completed in month 20 would have a sale price of Ksh 8.5 million. This means the equity in the house would be the difference between the Ksh 8.5 million sale price and the Ksh 7,191,686 owed, which equals Ksh 1.3 million.

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.

Diaspora University Town (DUT) project director, Dan Kamau, is seeking potential investors to join the DUT project by investing in DUT Credit Ltd, a financial company being set up at DUT. Dan shows the top 100 banks in the world in assets and says that DUT Credit will be part of DUT's systems and products, helping grow Kenya's banking assets. He adds, “Based on the job creation, property development, and GDP growth approach, DUT Credit could aspire to grow to be in the top 100 banks, given Kenya's population ranking at 26 in the world is in the top 100.”

The top 100 banks in the world hold $118 trillion in bank assets. The 100 banks are in 24 countries of the 195 countries in the world. 21 banks are in China and hold a total of $39 trillion in assets. 13 banks are in the USA with assets totaling $18 trillion. 8 banks are in Japan holding assets of $10 trillion. France, Canada, and the U.K. have 6 banks each with total assets of $10.7 trillion, $10 trillion, and $6 trillion, respectively.

These countries' with 6 banks or more in the 100 top banks list have GDPs in the top ten list as follows: (1) USA, $30 trillion, (2) China, $19 trillion, (4) Japan, $4.2 trillion, (6) UK, $3.9 trillion, (7) France, $3.3 trillion, and (10) Canada, $2.2 trillion.

The largest contributor of banking assets is the loans extended to individuals and businesses for property and other assets. Dan says that the ratio of banking assets to population is one indicator of how the people in a country have established assets to meet their rights to food, housing, environment, healthcare, and other rights.

Among the top 100 banks, the 3 banks in Singapore have the highest asset-to-population ratio at over $240,000 per person. Comparing Singapore and Kenya,  3 banks in Singapore have total assets of $1.4 trillion. The Central Bank of Kenya (CBK) report for 2024 showed all Kenyan banks had assets of Ksh 7.5 trillion (about $60 billion). The report showed KCB Bank was number one with Ksh 1.27 trillion (about $10 billion), followed by Equity Bank with Ksh 1 trillion (about $8 billion). This comparison shows the vast opportunity to grow the Kenyan banking sector's bank assets.

The DUT project will create 20,000 Jobs, develop a 25,000-resident town with the residents living in the planned 3,500 Townhouses, 3,200 Apartments, and other Residential units. About Micro Small & Medium Enterprises (MSMEs) and Organizations will be open. The project will grow Kenya's GDP by 20 billion, create new wealth of about Ksh 200 billion, and grow the banking sector by Ksh 70 billion.

The Diaspora University Town (DUT) plan includes 3,500 townhouses, each a double house with 5 bedrooms and 4 bathrooms.  Below is the step-by-step process for becoming a DUT townhouse developer and owning a house, starting with as low as Ksh 12,000.

STEP 1. KSH 750,000

Have cash of Ksh 750,000 or borrow Ksh 750,000 through the Personal Unsecured Loan products offered by banks.

EXAMPLES OF PERSONAL UNSECURED LOANS IN THE MARKET

KCB Bankhttps://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal

Coop Bankhttps://www.co-opbank.co.ke/borrow/personal-loan/

DTB Bankhttps://dtbk.dtbafrica.com/account/unsecured-loan

ABSA Bankhttps://www.absabank.co.ke/personal/get-a-personal-loan/#personalloancalculator

STEP 2. DUT-THIDA

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put in the Ksh 750,000 in the Diaspora University Trust account indicated in the THIDA Article 2.

Sign online at the DUT website https://dut.or.ke/thd

Your file will be open as indicated in THIDA Article 3.

STEP 3. PAY INSTALLMENTS AS THE DUT DEVELOPS THE TOWNHOUSE

Pay the monthly instalments to your bank.

DUT, on the other hand, will develop the townhouse in accordance with THIDA Article 4.

In about 12–48 months, the DUT Design-Build plan will complete the townhouse. https://dut.or.ke/design-build

STEP 4. COMPLETED HOUSE MORTGAGE

Upon completion of the house, it can be issued a KMRC mortgage through one of the 27 financial institutions that issue KMRC mortgages.

At this point, the Principal Balance of the unsecured loan (Step 1) and the House Development Cost (THIDA Article 4) would be added together.

Example based on a TOWNHOUSE completed in month 20.

A person can take an unsecured personal loan of Ksh 750,000 from Coop Bank for 11 years (132 months). If the interest rate is 15%, the monthly instalment is Ksh 11,632.

In 20 months, a person can budget to pay Ksh 12,000 x 20 months = Ksh 240,000.

The Ksh 240,000 would be applied as follows: about Ksh 190,000 to bank interest and Ksh 50,000to principal.

At month 20, the principal of Ksh 750,000, less 50,000, results in a principal balance of Ksh 700,000. The Ksh 700,000 would be paid off during the mortgage issue.

The House Development Cost is budgeted at Ksh 6.5 million.

The total of Ksh 700,000 plus Ksh 6.5 million = Ksh 7.2 million.

Ksh 7.2 million would be issued as a mortgage at 9% over 25 years, secured by the completed house.

The Ksh 7.2 million at 9% over 25 years calculates to a monthly mortgage repayment of Ksh 60,422.  

STEP 5. COMPLETED HOUSE USAGE

If the owner is working in one of the 15,000 Jobs being created at DUT or in the DUT neighborhood, the owner can live in their house 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 the owner does not live in the house, the owner can lease the house to DUT in accordance with THIDA Article 12 and receive Ksh 65,000 a month.

Using the example in Step 4, the Ksh 65,000 would be applied to the monthly mortgage of Ksh 60,422.

The difference of about Ksh 4,000 would be the owner's monthly income. This means owning a townhouse by making 20 instalments of about 12,000 each in 20 months, totaling Ksh 240,000.

STEP 6. 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

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

Using the Example in STEP 4, a house completed in month 20 would have a sale price of Ksh 8.5 million. This means the equity in the house would be the difference between the Ksh 8.5 million sale price and the Ksh 7.2 million owed, which equals Ksh 1.3 million.

The progressive investments of Ksh 12,000 a month for 20 months (Ksh 240,000) would grow to Ksh 1.3 million.

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

TO JOIN DUT VISIT OUR OFFICES

Diaspora University Town (DUT) Offices (Voi – Mawatate Road, 10km from MSA-NBI junction, after the weighbridge, close to the Voi River Bridge.)

RED ELEPHANT Building along NBI-Msa Road about 500 m before the Voi-Arusha Road junction when driving from Nairobi.  

The Diaspora University Town (DUT) plan includes 3,500 townhouses, each a double house with 5 bedrooms and 4 bathrooms built on a 50ft x 100ft plot.  Voi Residents have an opportunity to own some of these townhouses and be financed through the Kenya Mortgage Refinance Company (KMRC) product offered through 27 financial institutions. Below is the step-by-step process of becoming a DUT townhouse developer.

Step 1.

Have cash of Ksh 750,000 or visit your Bank or KCB bank and get a Ksh 750,000 Personal Unsecured Check off loan https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal or Personal Unsecured Non-Check off loan https://ke.kcbgroup.com/for-you/get-a-loan/unsecured-loan/personal

Step 2.

Sign a DUT Townhouse Investment and Development Agreement (THIDA) https://dut.or.ke/THIDA2025.pdf and put in the Ksh 750,000 cash.

Step 3

Pay the monthly instalments to your bank as the house development continues. In about 12 – 48 months the townhouse will be completed by the DUT Design-Build plan   https://dut.or.ke/design-build

Step 4

On completion of the house, take up the KMRC mortgage of (Balance of unsecured loan plus the House Development Cost). Note that at this point, the house valuation minus the mortgage will exceed Ksh 1 million, and one can cash out the growth by taking a 100% mortgage on the property's valuation or by selling th e townhouse.   https://dut.or.ke/thd

Step 5

Live in the townhouse in a well-planned town with a clean and healthy environment, a University, and a level 5/6 hospital. The alternative is to rent out the townhouse on the terms set in the THDA.  https://dut.or.ke/THIDA2025.pdf

VISIT OUR OFFICES AT THE SITE (Voi – Mawatate Road) or RED ELEPHANT (NBI-Msa Road) TO JOIN DUT.

As Frank Mutura stepped out of the gate of the Standard Gauge Railway (SGR) Voi Station, I was energized as I looked at the 86-year-old Diaspora University Town (DUT) founder. As I welcomed him to Voi, I was taken back to the time the late Prof. Raphael Njoroge and I drove 1,100 km from Worcester, MA, to Raleigh, NC, to a meeting organized by Frank Mutura. This was the first time I met Frank. The discussion at the meeting then was: “Can Diaspora Kenyans become developers and founders of a 3,000-acre university and town?”

Then, a 3,000-acre parcel of land in Kwale County was put on the market, and we felt that the university town development plan we had established could be implemented. The plan included a university modeled after WPI's plan. The Diaspora Kenyans' role would be to develop townhouses and support the opening of micro, small, and medium enterprises (MSMEs).

Now, many years later, when walking down the stairs from the SGR, Frank, looking at the many lights shining in the night in front of our eyes, asked, “Is that Voi?” I reply that indeed all those lights were residents of Voi. Frank remarked that there are many residents and said, “Voi residents should join us to create jobs for their children.”

The drive from the Voi SGR station, over rough, bumpy roads, informed Frank, the road specialist who has been building high-quality roads in the U.S. for 25 years, of the condition of Kenya's roads. He remarked that a lot of work is needed to achieve good roads in Voi and in Kenya.

The discussion that followed established that Voi has about 300 km of road network and that, if built, could provide residents with good roads. Regarding how the Diaspora University will help achieve this, I state that once the first class joins Diaspora University, one of the first projects undertaken by the students will be on the 300 km Voi roads.

Based on his road construction expertise and 25 years’ experience in the U.S. road construction sector, Frank estimated that the Voi 300 Km road network could be fully constructed in 5 years. Regarding funding, I inform Frank that once the Diaspora University opens and implements the WPI university project-based learning approach, the students will establish a funding system similar to how Americans fund their town and city roads.

The following day, we stopped at KCB so Frank could open a bank account. We got to talk with Benson Mutie, the KCB Bank Voi Branch Manager. Frank informed the bank manager that, after relocating to the U.S. at 60, he found a job and the bank approved a $130,000 mortgage loan for his house in North Carolina. He informed the bank manager that over the years, his house has appreciated in value and that he has refinanced the property to raise money to join other Diaspora Kenyans in buying 125 acres in North Carolina, where they are building houses.

The KCB bank manager appreciated the effort Frank Mutura and others have put in founding Diaspora University Town (DUT). Discussing loans for Voi residents who want to join DUT, the bank manager said the bank is ready to offer loans through its loan products. The manager added that those working in government institutions don’t need to have opened bank accounts to be issued loans by the bank.

Based on the 2,000 townhouse developer opportunities, if Voi residents took loans, this would grow the bank loan portfolio by Ksh 1.5 billion and finance DUT's 20,000 job creation plan. The Bank would also have laid the foundation for financing the completed houses through the Kenya Mortgage Refinance Company (KMRC) product, of which KCB Bank is one of 27 primary mortgage lenders.

KMRC is similar to the U.S. Fannie Mae and Freddie Mac. The two U.S mortgage refinance institutions have financed over $7.5 trillion in mortgages. The KMRC portfolio will grow as houses are produced and financed.

Mutura said the job in the U.S and the good mortgage product enabled him to own a house and live in good housing for the last 25 years in a city with a clean, healthy environment. He estimated that once he sells the house in North Carolina, he will cash out about $200,000 after his mortgage is paid in full.

Later, Mutura spoke to Voi business persons and residents to encourage them to join DUT and create jobs. He was further invited to St Jude Education Center, where he talked to students and encouraged them to study hard so they could join the Diaspora University and, thereafter, build Kenya. When Mutura asked the students to guess his age, the highest guess was 78 years. One student guessed that Mutura, who is 86, was 72.