Loans Kenya Blog

Monday, July 15, 2019

Nyali Capital Ltd

Mwabaya Katana July 15, 2019 No comments

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

Mwabaya Katana July 12, 2019 No comments

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

Mwabaya Katana July 12, 2019 No comments

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

Mwabaya Katana July 11, 2019 No comments

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 .

Read now ; What I learnt about loan apps in Kenya