This archive report was first published on 16 December 2019.
As the festive season approaches, many Kenyans are facing financial challenges due to declining earnings. To make merry or treat friends and loved ones, people are seeking cash boosts from external sources.
However, finding a reliable credit partner can be difficult, especially with many providers relying solely on credit reference bureau (CRB) listings. This is where Mwananchi Credit comes in, offering tailor-made financial solutions to help borrowers realize their potential and objectives for business and personal growth.
Published on December 16, 2019, Mwananchi Credit has made a name for itself as a rare credit company in Kenya that accommodates all kinds of clients, including those listed on the CRB and with weak statements.
Flexible Financial Solutions ¶
Mwananchi Credit has over the years accumulated enough capital to understand the market needs and attract more customers. The company's terms and conditions are very flexible and suitable for every client in relation to their needs, making their offers more attractive.
Some of the services offered by Mwananchi Credit include cheque advancing, logbook loans, and salary advance. The loan process is swift, with some loans cleared in just ten minutes, allowing borrowers to sort emergencies quickly.
Logbook Loan ¶
The guaranteed logbook loan can be used by individuals to meet personal expenses such as medical bills, school fees, and purchase of household goods. The loan facility is secured using the borrower's car's logbook up to Ksh20 million.
To access Mwananchi Credit's loans, borrowers only need to log on to the company's online application portal. Registration and loan applications are free of charge.
Cheque Discounting ¶
Mwananchi Credit gives cash against cheques issued by reputable companies at competitive commission rates. The company also discounts post-dated cheques for selected companies.
"The product ensures you obtain immediate cash against your cheque drawn by a reputable company, whether current or post-dated," says Mwananchi Credit director Dennis Mombo.
"This ensures a continuous flow of your business working capital which would otherwise be affected awaiting the cheque to complete the clearing cycle," he adds.
Salary Advance ¶
The Salary Advance Product finances employees of reputable companies with evidence of salary payment for the last six months. The loans can be repaid in a flexible repayment period and can be used to fund emergencies such as school fees, hospital bills, wedding expenses, funeral expenses, court fines, etc.
