This is probably the Lowest Interest Rate

Loans from the government or NGO are known to attract a very low interest rate at 1 per cent or even zero rated but not from a profit making lender.

Because times are hard now as a result of the COVID-19 pandemic, there's one lender, a Credit-Only microfinance company that has announced, most probably the lowest interest rate in town.

Mwananchi Credit, a very established non-deposit taking microfinance institution has announced issuing loans at as low as 2 per cent interest rate!

This lender provide the fastest loans in many major towns in kenya including Nairobi and Mombasa.

The most popular loan facility here is the logbook loan, but other facilities include; title deed loans, cheque discounting, asset financing, insurance premiums finance, Bid Bonds, Import finance, Salary advance, working Capital loans and more.


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