Mwananchi changing the lending market
By Standard Reporter | January 11th 2019
Mwananchi Credit, a financial service organisation has changed the finance market with its flexible and tailor made loan and other money related services.
In the last eight years Mwananchi has changed the lives of many Kenyans given the growing number of clientele it has gained.
One of the most revered achievements of Mwananchi Credit is the help it has provided to businessmen and women in the country, with the thinning job marked many Kenyans opt to start their own establishments and Mwananchi has offered them the much needed capital.
Mwananchi which was established in 2010 has grown in leaps and bounds over the years and in 2018 it established Shimin Sacco which caters for both business people and salaried people.
The Sacco with has seen tremendous growth sets itself apart by providing services to not only the salaried but also those who are unemployed but have a source of earning and are interested in saving.
“The loan facility provided by Shimin Sacco is flexible, one does not need guarantors, what we look at is the number of shares that one has,” said Mwananchi Head of Credit and Collections Gladys Mutisya.
Apart from offering financial services Mwananchi is also supporting community based organisations that provide help to needy families.
Due to overwhelming public demand one the Mwananchi Credit’s main goal in 2019 is to expand to other parts of the country, currently Mwananchi has four branches, two in Nairobi, others in Eldoret and Kitengela.
Mwananchi Sacco also prides itself as one of the financial institutions that offers loans in less than six hours, Mwananchi has streamlined its systems which circumvents bottlenecks associated with loan services.
“We encourage every Kenyan who is interested to grow financially to consider Mwananchi,” Gladys Mutisya said giving a promise that no one would regret that decision.
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