Emergency loan givers in Kenya

    January 02, 2015   No comments

Its that time when you need some cash so quickly that you can't bear the long processing periods by commercial banks or your cooperative society. Where do you get the loans that quickly then to finance your emergencies?

I know of some lenders here in kenya who can trust you and give out loans very fast.I know there are mobi loan facilities nowadays but most are like the commercial banks and saccos which will ever trace your credit history, get a credit report from Credit Bureaus before granting a loan.I mean today I want to talk about non-deposit taking microfinanciers!

What are non-deposit taking microfinanciers? These are financial institutions that don't allow customers to save money with them but can give out credit services to any eligible customers.Do you know any near you?There are many such like financial institutions here in the country but I will highlight the following.

Read also Women loan givers in kenya.

1.Platinum Credit Kenya

I believe its the most established and well known non-deposit taking microfinancier in Kenya. It has got branches allover the nation.It gives credit services to civil servants and those working in the private sector. There are a wide range of loan packages including auto/motor loans, education loans and general personal loans.The loan amount varies per package and capability to repay.Loan maturity can be up to 48 months.
Potential borrowers should visit any branch near them or the number 0709900000 to ask for a branch near them.

2.The Real People.

Have you heard about them? They are similar to Platinum Credit in their services. They are not much spread all over the nation.Borrowers should  visit branches near them.They offer emergency loans for various purposes. Disbursements can be within 24hours . Call this number to ask for a branch near you ;0730168000 or visit the head office at Mezzanine floor, International House, Mama Ngina Street, Nairobi.

3.African Retail Traders (ART).

ART is very new in offering credit service but very old in the business of retail trading. ART is also similar to Platinum Credit just like The Real People with a slight difference in that they can offer goods too on credit.Ask for a branch near you through these numbers:020 652331 or 020 652339


4.Meridian Acceptances

They offer emergency loans in the form of simple personal loans, education loans for students, logbook loans and medical loans.Currently, meridian acceptances is based in Nairobi at the Anniversary towers, View park towers and in Lavington.Call 0721341888 for any assistance.

5.Sasa Credit

Sasa credit gives emergency loans to both individuals and groups.Application is done online through their website (www.sasacredit.co.ke) and they will give you a phone call within 24hours.Their offices though are located in Westlands,Nairobi.

6.Paddy microfinance

Their offices are located at Jasmine center, Westlands, Nairobi. Call 0707000555 for assistance. Paddy microfinance offers quick loans even to the smallest businesses in rural areas.They also do sort individuals with emergencies including clearing monthly rent arrears. Loans are processed just within a day.

7.Samchi Credit

Samchi gives emergency loans for various purposes for example personal or business purpose. Reach them at Parklands Plaza,Westlands or call 0708777770 .


8.Green Credit Group Ltd

They give a wide range of loans facilities including Personal loans, business loans, asset financing, project financing, LPO financing, salary advance and others. Call 0704049908 or visit them at Hazina towers 13th floor, Utalii Street, Nairobi.

All the above lenders will require the following:
-Copies of national IDs or Passport
-Recent original pay slips
-Original bank statements from your active salary account.

Make Kenyans know!If you know of any other quick money lenders taking no deposits, tell others through your comments below. Thank you
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Mwabaya Katana

Posted By Mwabaya Katana

Mwabaya Katana is a Personal Finance online writer.He is the founder of 'Loans Kenya' Blog.

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