Who we are
Mwananchi Credit Limited is Kenya’s No. 1 provider of Logbook Loans and other related Secured Emergency Loans.
Initially trading as Mwananchi Microlink Ltd from 15th April 2010, it officially changed names to Mwananchi Credit Limited on 10th January 2012.
Logbook Loans in Kenya
The Kisumu Branch shall be set up soon as the company sets its sights on the Lakeside region. The company plans to set up more branches with the plan to roll out in all counties in Kenya within the next 3 years.
The company’s growth to steadily emerge as Kenya’s most preferred provider of Logbook and Secured Emergency Loans has been due to the company’s willingness to offer attractive interest rates to the risk-based lending model that is employed by the company.
The Risk-based lending mechanism basically means that lower-risk clients are given much lower interest rates that are comparable to the risk they present. This has seen some borrowers, especially corporate entities, qualifying for emergency loans from our base rate of 1.5%.
In a bid to offer the loans at the soonest possible opportunity, Mwananchi Credit offers most of its loans on the SAME DAY BASIS. Some, like cheque discounting take as little as 7 minutes, Logbook Loans (6 hrs), and Title Deed Loans in as little as 2 weeks.
Mwananchi Credit Loan Products
Besides Logbook Loans, Mwananchi Credit also offers an array of other financial solutions including:
This is where we give you loans on your land /property.
We buy you a car and you drive today, and you pay later in affordable installments. This is our most affordable loan option at only a 2% interest rate per month! Once purchased, it is structured like a logbook loan.
If you are importing anything, do not be let your goods to be stuck at the port and accrue punitive demurrage charges. We shall pay for you the charges and you can clear the same with us later.
Do you have a cheque / either current or post-dated from a reputable institution? We shall offer you cash in under seven (7) minutes. Don’t sit on your cash!
As an entrepreneur, you need a financial institution that can work with you to enable you to do business. We provide Cashless Bid bonds, Performance Bonds, Advance Payment Guarantees, LPO Financing among an array of other trade finance facilities at very competitive rates. This is emerging as a key class of our provisions at Mwananchi and we have set up a full department to deal with these. This is because of how important how Trade Finances are key to helping unlock the potentials of SMEs.
Mwananchi Credit ( Logbook Loans) has 7 branches: 3 in Nairobi,( Eco bank Head Office, Eco Bank Trade Centre, Pensions Towers), Kitengela, Eldoret, Mombasa Thika with plans are underway to grow its footprint all over Kenya.