Mwananchi Credit Limited has again shot up the list of Kenya’s most preferred lending companies. In a survey conducted by the well-known research firm Kenya Track Survey, Mwananchi Credit topped the list of 5 companies with a score of 89%
The survey attributed Mwananchi Credit’s top performance to its Logbook Loans, which are perfect for those with poor credit or limited credit history. Mwananchi Credit also offers low rates, flexible repayments, and a secure, confidential process. Most importantly, Kenyans who participated in the survey stated that their loan terms were transparent and straightforward.
In second place in the Kenya Track survey was Jijenge Credit with a percentage score of 79%. The survey attributes this score to Jijenge Credit’s commitment to addressing the pressing market demand for accessible working capital solutions for individuals and Small and Medium Enterprises (SMEs). Jijenge Credit was also lauded for offering car repair financing of up to 30%.
Third in the ranking was Together As One Limited which scooped a score of 75%. Together As One Limited has been praised for its transparent process which ensures its customers understand the terms and conditions of their loan agreements upfront.
Progressive Credit and Platinum Credit both came in at fourth and fifth place with a score of 72% and 70% respectively.
The financial services industry in Kenya has experienced rapid growth in recent years, driven by advancements in technology and the increasing demand for accessible credit solutions. As a result, various lending companies have emerged, offering a wide range of products designed to cater to the diverse needs of individuals and businesses across the country.
The survey by Kenya aimed to provide an in-depth analysis of consumer preferences, shedding light on the factors that influence the choice of lending institutions among Kenyan borrowers.
A total of 6,703 Kenyans over the age of 18 years were sampled in the poll.
