Mwananchi Microfinance

Mwananchi Microfinance

Kenya; Africa; Eastern Africa
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Investor info
Type
Lenders
Stage focus
  • Seed Round
Industry focus
Description
Mwananchi Microfinance is a very young financial institution located in Eastern Kenya. Started March 2014 by a team of 4 people, Mwananchi's growth is outstanding. within that short period, the institution has registered over 20000 members/ Customers in the region. Loans of about Ksh 5000000 have been given out. we target to be a bank in the next 1 year, and not just a bank, but one of the largest bank in Africa if not the world. What has made us achieve this great success is our low interest loans that can not be compared to any bank or microfinance in the region, and also our easy to access loans tactic. We look forward to registering 20X more customers in the next two years. We also plan to establish new branches all over the country in the near future.
Previous investments
  • Company
    Amount
    Round
  • Example example company Inc
    1000000
    Investor meetings
  • Company & Company
    11000000
    Series C funding
  • Example
    524000
    Seed round A
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