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Digital credit provider MyCredit Limited receives Sh325 million funding

Kenyan Bank notes

Through the partnership, SMEs will be able to create more job opportunities in the communities.

Photo credit: File | AFP

What you need to know:

  • Through the partnership, the SMEs will be able to create more job opportunities in the communities within which they operate.
  • MyCredit Limited has been at the vanguard of improving access to capital for SMEs in a fast, convenient and affordable way.

MyCredit Limited, a non-bank financial service Institution licensed as a Digital Credit Provider by the Central Bank of Kenya, has received a funding deal worth Sh325 million from OikoCredit for onward lending. 

The funding will support MyCredit’s strategic plan in offering affordable and medium-term financing of up-to a maximum period of three years to its SME customers who are in trading businesses.