Loan financing is a common need for almost everyone. At some time in your life, you may find yourself needing access to fast cash that can be wired to you quickly and efficiently with minimal hassle. The problem most people face when trying to get a loan is that banks and other financial institutions have…
Credit and Financing: How Mwananchi Credit is facilitating business The recent growth of Small and Medium Enterprises (SMEs) has been attributed to the access to readily available and affordable credit and financing options that are provided by commercial banks and micro-credit finance institutions such as Mwananchi Credit. Among the factors that have been identified as…
Logbook Loans are different from other types of loans in the sense that they are secured loans. This means that lenders require borrowers to put up collateral, such as vehicles, properties and other assets. Logbook loans are one of the most popular loan products offered by financial institutions. They allow individuals to borrow money with…
As a salaried employee in Kenya, there may be times when you need access to financing to meet your financial obligations. Whether it’s to cover unexpected medical expenses, fund your child’s education, or make a major purchase, a check-off loan may be a convenient financing solution. In this article, we’ll discuss what check-off loans are,…
What is a bid bond? A bid bond is a type of surety bond that helps protect the contractor from change orders. It ensures the obligation to complete the project, for which the contractor has been paid in advance. The contractor must post a bid bond before bidding on a project. Bid bonds are typically…
You’ve researched all the different car loan providers, picked the one that seems to offer the best deal, filled out their online application form, and…been rejected. What now? The car loan application can be an extremely frustrating experience. There are so many different factors that go into approving or declining an applicant, which means there…
When it comes to getting financing, small businesses often have a lot of different options. Business loans are probably the most common, but there are also other financing methods out there that might be even better for your business. The alternative lending market is booming right now, and one of the more interesting sub-segments is…
Car financing is the process of taking a loan so that you can buy a car. This loan is then repaid over time with interest and fees within a specified amount of time. Financing a car is often the only means for most people to get a car due to inadequate funds. Having a car…
When it comes to securing a loan, there are various options available in the market. Logbook loans & traditional bank loans are two popular choices for individuals in need of financial assistance. However, understanding the differences between these two loan types is crucial to make an informed decision. In this article, we will explore the…
When you need money fast, a loan can seem like the ideal solution. However, not all loans are the same. There are different types of loans with different conditions and implications. When considering whether to get a loan, it is important to understand the implications of that decision. A loan will have an impact on…
