SPONSORED LENDER

Mwananchi Credit Limited - Investor In People

INTERNATIONAL

Monday, July 15, 2019

Nyali Capital Ltd

    July 15, 2019   No comments
Nyali Capital Ltd

Nyali Capital  is a credit only microfinance giving short term loans currently with offices  in Mombasa and Nairobi.

Loans Provided by Nyali Capital 

The lender is popular for giving LPO financing service. Other loans include;

  • Biashara boost
  • Asset Financing 
  • Salary Advance 
  • Business permit loan
  • Student mtihani loan

How to Contact Nyali Capital  

Email to ; info@nyalicapital.co.ke

Mombasa Office 

Furaha Plaza,5th floor,Nkrumah Road
Call ; 0727 53 46 99

Nairobi Office 

South B Kapiti Road, Golden Gate Estate Hse No. 550
Call; 0790488134

Eldoret Office

Daima Towers,19th floor
Call; 0718876119

Friday, July 12, 2019

Afro-Asia Fintech Festival

    July 12, 2019   No comments
Afro-Asia Fintech Festival 2019 in Kenya

The Central Bank of Kenya (CBK) in conjunction with the Monetary Authority of Singapore (MAS) will be holding inaugural AFRO-ASIA FINTECH FESTIVAL at the Nairobi's Kenya School of Monetary Studies.

The event set for Monday 15th and Tuesday 16th July 2019, will allow attendees to network & learn as they view exhibitions from Fintech providers and listen to talks from key people in the financial space from around Africa and Asia.

CBK governor Dr Patrick Njoroge sees this as an opportunity to uplift financial inclusion and achieve equitable growth for businesses. The governor also confirmed the presence of President Uhuru Kenyatta during the opening ceremony.

Some of the greatest supporters of the AFRO-ASIA FINTECH FESTIVAL include;

  • KCB
  • Equity Bank of Kenya 
  • National Bank of kenya
  • Safaricom
  • DTB
  • FSD
  • Standard Chartered Bank of Kenya 
  • Kenya Bankers Association (KBA)
  • SBM 
  • Eco Bank
  • Pesalink
  • Microsoft 
  • Matchmove 
  • Citi
  • Huawei 
  • Baker McKenzie
  • Serianu
  • DIB Bank Kenya 
  • Zauora Technologies 
  • Touch
  • Retirement Benefit Authority (RBA)
  • Bank of India
  • Bank of Baroda
  • NIC Bank
  • OROBO
  • Apix
  • Africa Talking 
  • Kenya Revenue Authority (KRA)
  • Digital Lenders Association Of Kenya (DLAK)
  • Prudential 
  • herdy fresh
  • Wapi Pay
To reserve a seat, kindly visit AFROASIA FINTECH website. 

Aspira App For Product Financing

    July 12, 2019   No comments
Aspira app for product financing


Aspira app under Mauritius' CIM Finance is providing product financing services at the convenience of your smartphone anywhere.

The app allows qualified individuals to get goods and services from partner companies and pay later in instalments.

How Aspira Works


  • Download Aspira from Play store or Aspira from App store 
  • Give your information to get a credit score
  • Choose product from the partners (listed below)
  • Accept terms ,sign finance contract and place deposit for the product 
  • Take home your product 
  • Pay in monthly instalments when due

Loan Payment. 

Paying the instalments is done through the app to cim credit Kenya.

Note; as Aspira user, you'll also take a compulsory credit insurance. 

Aspira Partners

The current partners include electronic sellers , Furniture shops,home appliance stores,fashion stores, tour and vacation companies and motoring companies. 
Note that this list is not exhausted. Visit Aspira website for more.

Electronics

  • CITADEL
  • Elite Digital 
  • GRANTECH
  • Skygarden
  • Redington
  • Salute iWorld
  • Universal Technologies
  • MAC&MORE
  • Tricom Technologies 
  • Kenyatronics 
  • ARMCO
  • Nikon
  • VIVID GOLD

Furniture 

  • Victoria Courts
  • T&C

Home Appliances 

  • Newmatic 
  • Hotpoint 
  • Jumia

 Travel Companies 

  • Pack&Go Tours and travel Ltd
  • Vacay

Motoring 

  • CONTIPARTNER

How to Contact Aspira Customer care 

Office location; 1st floor Rivaan Centre
Email; tellmemore@aspira.co.ke
Call; 0777 900 077

Thursday, July 11, 2019

Why Loan Apps Will Deny You Loans

    July 11, 2019   No comments
Why Loan Apps will deny you loans

Loan Apps or Digital Lenders are now after bringing decency and transparency  in the digital lending market in Kenya. 

Through a recently formed body DLAK (Digital Lenders Association Of Kenya), members will now have to follow a Code Of Conduct in delivering financial services to the people of Kenya.

This Code of Conduct defines a lot on how the Digital Lender Institutions (DLIs) will work and one of the aspects here is 'why to grant or deny loans '.

I went through the 'code of conduct'  and here is why a loan app or digital lender won't give you a loan;

  • If the lender proves that you'll be unable to repay.
  • If you have overdue loans of above kes 10000 and 60 days (2months)
  • If you borrowed four (4) loans in the last 3 months and are not paid. 
  • If you refuse to accept the terms and conditions. 
  • If you already have a loan ,you won't get a new loan unless it's a consolidation or top up
  • If you are negatively listed by the CRB (external databases)
Now according to DLAK , these are the reasons why Digital Lenders in kenya will deny you loans. There are other reasons however, which can affect the lender's decision to grant or deny you a loan .