Mwananchi Credit, a local micro finance company, has embarked on its expansion plan by opening the first branch in the coastal region – the sixth of its branches and the first outside Nairobi.
“It had been an issue of consideration in the past few months, that an important commercial center like Mombasa warrants a completely different branch instead of just one solitary department in the Head Office,” said Executive director Dennis Mombo during the launch Monday night, adding they intend open six other branches in various Kenyan towns in the next three months.
“We know the economy has not been well but the best time to invest money into opening new branches is now. Our goal is to be the top tier micro lender.
“With this thought in mind, we hope that the Mombasa office will be a success, as we expect all of our new employees as well as those we will transfer to work hard and bring up the office to the levels of excellence in the city.”
Mwananchi Credit Limited was founded nine years ago and has been steadfast in offering loan products ranging from logbook loans, title deed loans, civil servant loans and many more products.
They have won several awards, including in the automotive sector where they were recently three recognized as “ the best lending only microfinance company in Logbook loans”, whereas in the real estate sector, they were crowned the best Credit Institution in Land/Property Finance (Title Based Finance).