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List of Mwananchi Credit products, contacts, and branches in Kenya

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Friday, September 23rd, 2022 at 5:06 PM (EAT)

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List of Mwananchi Credit products, contacts, and branches in Kenya

Mwananchi Credit is Kenya’s number one provider of logbook loans and other related secured emergency loans. Before changing its name to Mwananchi Credit Ltd on 10th January 2012, the firm was trading as Mwananchi Microlink Ltd from 15th April 2010.

Although its known widely for logbook loans, the company also provides other products as follows:

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 (Boda boda loan).

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.


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