Loans Against Shares

Loans Against Shares

Mwabaya Katana     June 14, 2019   No comments

If you own shares (shareholder) listed by Nairobi Stock Exchange (NSE), you can get a secured loan against them.

Not all lenders can give loans against shares but we have a list below of the microfinance institutions that can actually consider shares as security against a loan.

Ngao Credit 

This lender considers shares as security against a loan. The shareholder will again continue to earn dividends as normal even with an active loan.
Check Ngao Credit Now

Ngao Credit

Ngao Credit

Mwabaya Katana     June 14, 2019   No comments

Ngao Credit  is non deposit taking microfinance institution providing tailor-made financial services to customers.

Ngao Credit Loans

This lender provides the following credit services to Kenyans;

• Logbook loans
• Asset Finance 
• Cheque Cashing/Cheque Discounting 
• Loans against shares (NSE listed shares)
• Import Finance 
• Tailor-made Jijenge loan
• Bid and Performance bonds

How to Contact Ngao Credit Customer Care 

• Call general customer care ; 0709 650 000
• WhatsApp ; 0796758240 
• Email; info@ngaocredit.com

Nairobi Upperhill Branch

NHIF building, 2nd floor,

Call;0709 650 100

Nairobi CBD Branch 

Ecobank Towers, 6th floor,Hindi Mbingu street, 

Call; 0709 650 200

Kitengela Branch

Kitengela Mall,3rd floor, Kajiado-Kaputei North Road,

Call ; 0709 650 600

Mombasa Branch 

Jubilee Arcade, 2nd floor, Moi Avenue, 

Call ; 0709 650 300

Nakuru Branch 

Baraka Plaza,1st floor, Kenyatta Avenue, 

Call ; 0709 650 400

Eldoret Branch

Zion Mall, 1st floor,Uganda Road,

Call ; 0709 650 500

ABC Bank ,Saccos Partner In Faster Outward Cheque Clearance Deal

ABC Bank ,Saccos Partner In Faster Outward Cheque Clearance Deal

Mwabaya Katana     June 06, 2019   No comments

ABC Bank is partnering with Savings And Credit Co-Operatives (Saccos) to enable members have their cheques cleared within two working days.

Sacco members can now enjoy a T+1 cycle on their outward cheque just like
other bank customers, the first such innovation in Kenya's banking and Sacco
industry. 

ABC Bank has already partnered with a number of Saccos to enable members
enjoy the functionalities of the National Payment & Settlement Systems, a reserve of banks, without the Sacco becoming a member of the clearing house.

This solution will enable Saccos open up their services to individuals,
businesses, religious institutions, schools and other organisations by
making it possible for these customers to receive or make all types of
payments via cheques.

"The cheque clearing solution is not just a new product for us but opens adoor to limitless opportunities and possibilities to Sacco members. Withthis solution, members can now accept and deposit cheques into their Saccoaccount as a method of receiving payment. This will help them enjoy moreconvenience and ease in banking transactions as the cheques will be clearedwithin a shorter duration than was previously the case," 

said ABC Bank's Head of Operations, Elizabeth Kimani. 

 

ABC Bank has carved a special niche in providing focused business solutions
to Saccos. These partnerships with Saccos have revolutionised banking by
creating an end to end platform for sacco members to access a wider range of
banking services. ABC Bank is expected to aggressively roll out this model
to other Saccos who have 14 million members and control an estimated Ksh1
trillion.

Digital Lenders Association Of Kenya (DLAK) Launched

Digital Lenders Association Of Kenya (DLAK) Launched

Mwabaya Katana     June 06, 2019   No comments

Top digital money lenders in the country have officially launched a lobby group named Digital Lenders Association Of Kenya (DLAK).

DLAK is meant to promote best practices in the digital money lending market through Code of Conduct and also to easy coordination with the Kenyan government.

The Central Bank already raised  concerns over how some of the loan apps work and fear it may not be safe for Kenyans.

Founding members of the association include; Kuwazo capital, Tala, Stawika,Lpesa,Zenka Finance ,Kopacent, Okolea,Shika (Alternative Circle),MyCredit ,Finance Plan Limited , Mobile Financial Solutions (MFS) and Four Kings Investment T/A Sotiwa.