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Aug 14, 2015 8:47 AM ET

Archived: Mwananchi Microfinance: a very young financial institution located in Eastern Kenya

iCrowdNewswire - Aug 14, 2015

Mwananchi Microfinance

Mwananchi Microfinance is a very young financial institution located in Eastern Kenya. Started March 2014 by a team of 4 people, Mwananchi’s growth is outstanding. within that short period, the institution has registered over 20000 members/ Customers in the region. Loans of about Ksh 5000000 have been given out. we target to be a bank in the next 1 year, and not just a bank, but one of the largest bank in Africa if not the world. What has made us achieve this great success is our low interest loans that can not be compared to any bank or microfinance in the region, and also our easy to access loans tactic. We look forward to registering 20X more customers in the next two years. We also plan to establish new branches all over the country in the near future.

Products / Services

Agricultural Loan

Agricultural loans are loans given to farmers who wish to grow marketable products. the loan is easy to access as far as the applicant has a land that will also act as the security. the loan is repaid with an interest rate of only 12 % per annum

Youth Wajipange loan

Youth wajipange loan is a loan targeting gifted youths or those with a valid business idea. it is very easy to access this loan, as long as you prove to be credit worthy. The interest rate is 10.5%

Contact Information:

Bluce Stocka

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