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Mwananchi Credit announces expansion plans for nationwide reach

NAIROBI, Kenya July 1 – Mwananchi Credit Limited has announced an ambitious plan for a nationwide branch rollout.

This is to further widen the net of credit access to thousands of Kenyans especially in the additional product line of Title Deed Loans.

The microfinance company, headquartered in Nairobi, currently has three branches in Nairobi, and one each in Kitengela, Thika, Mombasa, Eldoret and Kisumu. The expansion drive will be driven by a branch-per-country strategy that will see the microfinance deepen presence in all the 47 counties.

Some of the  regions they are likely to set up base include Mount Kenya region (Meru, Embu and Nyeri), Western region ( Kakamega , Bungoma and Kitale), Nyanza region (Kisii , Homa Bay and Migori) and Rift valley region ( Nakuru and Naivasha).

Speaking during the countrywide rollout strategy meeting, the company’s CEO Dennis Mombo said “At Mwananchi Credit, we seek to reach our services to the people by being as close to them as possible. Having offices closer will mean better-decentralized services to Kenyans and will enable them access a wider array of our services!”

Mwananchi Credit has lately diversified its product offering to include title deed loans, salary check-off loans , import financing and asset finance among others.

The Micro Finance Institution has been previously severally awarded ‘Best Logbook Provider in Kenya” for its innovative approach to lending and by the show of things, is not resting its laurels in disrupting the Kenyan financial landscape!

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