This is a list of Mwananchi Credit products and branches in Kenya. Mwananchi Credit is Kenya’s number one provider of logbook loans and other related secured emergency loans.
It was initially trading as Mwananchi Microlink Ltd from 15th April 2010. It officially changed names to Mwananchi Credit Ltd on 10th January 2012.
Besides logbook loans, Mwananchi Credit also offers an array of other financial solutions including;
1. Title Deed Loans
This entails giving you loans on your land/property.
2. Car Financing
They give you a car, you drive and you pay later in affordable instalments. This is the most affordable loan option, at only a 2% interest rate per month. Once purchased, it is structured like a logbook loan.
3. Import Financing
If you are financing anything, don’t let your goods be stuck at the port and accrue punitive demurrage charges. Mwananchi Credit shall pay for you the charges and you can clear the same later.
3. Cheque Discounting
If you have a cheque, either current or post-dated from a reputable institution, Mwananchi Credit shall offer you cash within 7 minutes.
4. Salary Checkoff Loans
The loans are available to teachers employed by the Teachers Service Commission, policemen employed by the National Police Service and health workers employed by the government.
5. Trade Financing
As an entrepreneur, you need a financial institution that can work with you to ensure you do business. Mwananchi Credit provides cashless bid bonds, performance bonds, advance payment guaranteed, LPO financing and other trade finance facilities at competitive prices.
6. Shimin Insurance Brokers
They have a vibrant insurance agency that offers all general and life products in conjunction with leading underwriters in the country. In conjunction with Mwananchi Credit, they offer insurance premium financing services.
7. Motorbike Financing
This product enables young entrepreneurs to access funding for the purchase of boda boda due to lack of full capital.
Features
- Interest rate of 3.5 % per month.
- Processing fee of 4%.
- Application fee of Kshs 500.
- Comprehensive fee of Kshs 7,600.
- Tracking fee of Kshs 10,000.
- Loan repayment term, maximum of 18 months. Repayment method is through Mpesa paybill.
List of Mwananchi Credit Branches In Kenya
1. Headquarters
Location: Eco Bank Towers, 10th Floor, Opposite 680 Hotel, Nairobi.
Contact: 0709 147 000.
2. Eco Bank Branch
Location: Eco Bank Towers, 2nd Floor, Muindi Mbingu Street, Nairobi.
Contact: 0709 147 000.
3. Pension Towers Branch
Location: Pension Towers, Mezannine 2, Loita Street, Nairobi.
Contact: 0709 147 000.
4. Mombasa Branch
Location: Jubilee Arcade, Moi Avenue Road.
Contact: 0709 147 000.
5. Eldoret Branch
Location: Zion Mall, 2nd Floor Uganda Road, Opposite Aga Khan Hospital.
Contact: 0709 147 000.
6. Thika Branch
Location: Thika Business Centre, Naivas Building, 4th Floor, Along Workshop Road.
Contact: 0709 147 000.
7. Kitengela Branch
Location: Capital Centre Building, 2nd Floor.
Contact: 0709 147 000.
8. Kisumu Branch
Location: Alpha House, Along Oginga Odinga Street, 2nd Floor.
Contact: 0709 147 000.
