MFI Report

Molyn Credit Limited is a credit and financial advisory services company serving the low income population currently in Kenya and in future beyond. Poverty eradication is our passion and our dream is one where nearly all people live free of hunger, malnutrition, have the basic needs such as safe drinking water, education, proper waste disposal, a world free of HIV/AIDS due to reduced idleness and drug usage and overall improved living conditions both in the rural and urban areas. In line with our overall goal, we offer credit and financial advisory services to self- help groups/community based women groups in marginalized areas of the society and small and microenterprises (We are currently offering loans to second hand retail dealers in Toi market in Kibera, Youth groups in Kibera who are mainly in the car washing business and retail business women in Ngara market.), low cadre civil servants, low income employees of State Corporations and selected partner companies after a business understanding and agreement is reached, among others. In addition to offering credit, we carry out business training, monitoring and evaluation to borrowers and potential borrowers to help them utilize loaned funds well and to consequently improve their living standards. Our success can be attributed to providing clients/customers with a range of innovative products towards poverty alleviation related activities such as loans for farm inputs, low cost clothes vendors, car washing, vegetable and fruit vendors, kiosk operators etc to improve the income brackets of the borrowers. The greatest challenge faced by Molyn Credit Limited is lack of funds which limits our growth to new geographies, limtes our ability to acquire an efficient IT System, and impedes our ability to source and retain qualified personnel. Hide