- Posted by: Administrator
- Categories: Finance, Loans in Kenya
Mwananchi credit is always ready to finance you. If you have approached your bank and found it difficult to secure the funds your business requires, you’re in good company. Banks are declining up to 50% of loan requests from some smaller businesses.
TEDIOUS LENDING PROCESSES IN BANKS
Banks’ lending decisions have very little to do with you or the prospects of your business. And their outdated processes and high costs of capital make it difficult for them to lend to smaller businesses.
Business owners are also being frustrated by the inability of banks to provide flexible forms of credit to businesses. This is highlighted by the fact that the availability of business overdrafts, long a favorite tool for businesses to smooth cash flow, has shrunk by more than 30%.
MWANANCHI CREDIT MAKING LENDING CONVENIENT
So where else can you get funding for your business?
Microfinance institutions have come in place to fill the void left by banks by offering convenient credit facilities. Mwananchi credit is one of the fastest growing microfinance institutions in Kenya and has built a reputation around offering loans of up to 25 Million in only 6 hours. Our approach to lending has ensured we listen to every customer personally and tailor make different lending options to suit them.
Mwananchi credit interest rates are also currently the lowest in the market with our logbook loans attracting interest rates from as low as 1.5%. The logbook loans are disbursed within 6 hours of application and we allow our customers to borrow from a minimum of Ksh 100,000 up to Ksh 25 Million.
If you’re looking for any type of business funding, try us out now! Mwananchi Credit Offers a variety of loans that will help you in your business, you can apply for the following loans and get your cash in just 6 hours.
- Logbook Loans
- Asset Finance Loans
- Salary Check Off Loans for Civil servants
- Title deed loans
- Trade Finance Loans
- Import Finance Loans
Delivering funding to businesses within 6 hours
In a recent request for funding, our client was running a growing company . The owner needed to bridge the gap between a bill that was due immediately and a customer payment that was expected ten days later.
With a range of different funding options available, we were able to quickly solve this cashflow problem. The solution in this case was to release the payment from the outstanding invoice the very next day.
This proved to be not just the right solution for the business but also cost effective – as the business only paid interest for the ten days that it required the funding. And there was no fee for setting up the funding facility.
Put us to the test
If your business could benefit from extra funding just head over to Mwananch Credit and we’ll do all the hard work for you. we understand your business needs financing fast and we are here to offer you up to Ksh 25 Million in just 6 hours.
Bringing Mwananchi Credit Closer To You
Mwananchi credit has spread it wings and have 8 branches in Nairobi, Kitengela, Thika, Mombasa, Eldoret and Kisumu and we are still looking to spread our wings even further to make sure we bring convenient credit facilities even closer to our customers.
Mezzanine 2, Loita Street, Nairobi
Ecobank Towers 2nd floor, Mundi Mbingu Street
Capital Centre Building, Second Floor
Zion mall 2nd floor opposite Aga Khan Hospital
Thika Business Center ( Naivas) 4th Floor
Alpha House 2nd Floor
Oginga Odinga street