We're Honored to be recognized as the #2 Most Trusted Credit Institution in Kenya by Kenya Trak! Your trust and support have been our driving force, and we're committed to continuing our journey with you, offering reliable financial solutions every step of the way. Thank you for choosing Jijenge Credit! #JijengeCredit #TrustMatters #FinancialSolutions #KenyaTrak
JIJENGE CREDIT LIMITED’s Post
More Relevant Posts
-
Consultant, ABRAR CONSULT. Experts on: Islamic Finance, Leadership, Entrepreneurship, Financial Literacy, Wealth Management, Halal Business, Halal investing, Halal Tourism, Zakat & Waqf. Operate in Tanzania and Kenya.
The most wealth creating bank to customers in 2023: DIB KENYA. The overall wealth creating bank: GAB. #wealthcreation
To view or add a comment, sign in
-
Together As One PLC emerges as a rising star in Kenya's microcredit sector. This dynamic company offers a range of financial services tailored to meet the diverse needs of Kenyan consumers and businesses. Key offerings from Together as One include Specializing in financing options such as: - Car logbook loans - Car finance - Title deed loans - Import duty finance The company prides itself on providing affordable interest rates, aiming to make financial growth accessible to a wider audience. Together as One's mission focuses on creating "financial swiftness" - a concept that emphasizes rapid, efficient financial solutions to support their clients' development and growth. As Kenya's financial landscape continues to evolve, Together as One positions itself as a partner in progress for individuals and businesses seeking to expand their financial horizons. Their approach combines modern financial tools with an understanding of local needs, potentially making them a noteworthy player in Kenya's microcredit market. #starbrandsawards2024
To view or add a comment, sign in
-
Kenya Legal Update: The Financial Markets Conduct Bill, 2023 seeks to regulate the cost of credit by disallowing lenders from varying interest rates for the duration of the contract and ensuring they provide specific reasons for declining to lend money to an applicant. It also seeks to establish the Financial Markets Conduct Authority, the Financial Sector Ombudsman, the Financial Sector Tribunal, and the Conduct Compensation Fund for financial services customers to claim compensation. Afriwise #credit #lending #financialservices #kenya #lawandlegislation #financialmarkets #interestrates #tribunal
To view or add a comment, sign in
-
Under President William Ruto, the Kenya Kwanza administration is set to impose increased regulatory fees on commercial banks and microfinance institutions across Kenya. This move, aimed at "strengthening the resilience of the financial system," marks the first review of such fees since 1990, reflecting a push to modernize the financial sector's regulatory framework in line with technological advancements and the evolution towards branchless banking. Additionally, the government is contemplating raising the mandatory capital requirements for banks, currently pegged at a minimum of Sh1 billion, to enhance their capacity for financing large-scale projects. Amid growing economic pressures, these proposed changes underscore the government's strategy to tap into the banking sector's robust tax contributions, further intensifying the financial obligations of one of the country's leading corporate tax generators. #KenyaBankingReform #RegulatoryFeeHike #FinancialResilience #RutoEconomicPolicy
To view or add a comment, sign in
-
💰 Big savings start with small steps. 💰 Start saving a little from your daily expenses and watch your savings grow over time. 💸 Tip: Consistency is key! Set up an automatic transfer to your savings account every month. Kenya Bankers Association PesaLink #SmartSaving #SavingGoals #FinancialDiscipline #ChoraPlan #MoneyManagement #AmazinglyBetterChoice
To view or add a comment, sign in
-
Is it about time banks hosting SACCO accounts review their profiles, especially when it comes to cash withdrawals, which are assumed to be in line with the expected behavior of such entities? But then again saccos are considered reporting entities,does that mean part of the irregularities has been reported ?Or they are slowly getting there as per the recent Pocamla amendment
Top executives of Kenya Union of Savings and Credit Cooperative Society (Kuscco) siphoned Sh587.6 million annually over a decade, in a series of transactions including transferring money to their own accounts and tapping unsupported loans, plunging members into multi-billion shillings loss. Read more on: https://lnkd.in/dAVQ3Fz6
To view or add a comment, sign in
-
Growth Strategy/Conference Speaker/Panel moderator-Digital Financial inclusion/Alternative Data/Digital Identity/Consumer protection/product Manager/GTM
Did you know that half of the 14 #microfinancebanks in Kenya made loses in 2023? According to CBK Bank Supervision Annual Report 2023, the profitable #microfinancebanks were the newer entrants rather than the well-known names. With the #microfinancebank industry posting a Kes.3.035 billion loss, there's a critical need to tackle the #highcosts related to #interest and #fee expenses on #deposits, #staffcosts, and other #administrativeexpenses, which together made up over 70% of total expenses. By employing effective debt collection strategies, the industry can reduce the loss by Kes.1.575 billion. This situation highlights the importance of adopting innovative strategies and improving #operationalefficiency to stay competitive and profitable in the market.
To view or add a comment, sign in
-
Kenyans can be quite litigious on matters finance and loans. 🥲😄 KCB Bank Group Group CEO in one of the interviews highlighted the frustration banks face when courts issue direction and ruling on defaulted loans i.e sell assets used to secure loans. What do Kenyans do? They file an appeal in a different court! Kenya's Boniface Mwangi has been working (low-key) on a platform aimed at enhancing debts. What do you think? Lipa Deni Now is a platform dedicated to recovering outstanding debts, fostering public accountability, and preventing notorious defaulters - individuals and institutions - from exploiting others.
To view or add a comment, sign in
-
In Kenya, the impact of a small loan is nothing short of enormous. 🌍 Discover more in this article. >> https://ow.ly/HFrl50PTeVA #FinancialEmpowerment #KenyaImpact
To view or add a comment, sign in
-
Banks to Receive Capital Relief with Partially Guaranteed Loans! 💰🏦 In a bid to bolster the resilience of Kenya's banking sector amidst economic challenges, regulatory authorities have announced a capital relief measure for banks extending partially guaranteed loans. Under this initiative, banks offering loans backed by partial guarantees will benefit from reduced capital requirements, providing them with greater flexibility and capacity to support lending activities. The move aims to incentivize banks to extend credit to businesses and individuals while mitigating the associated risks through partial loan guarantees. By alleviating capital constraints, banks can amplify their lending capacity and play a pivotal role in driving economic recovery and growth. This capital relief measure underscores regulatory efforts to support financial institutions in navigating the current economic landscape and facilitating access to finance for businesses and households. As banks leverage this regulatory support to expand their lending portfolios, they are poised to play a crucial role in stimulating economic activity and facilitating recovery in Kenya's financial markets. 💼💡 #Banking #EconomicRecovery #RegulatorySupport 🏦💰
To view or add a comment, sign in
2,885 followers