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No-credit-check loans do not require a review of your credit score, which can make them convenient if you have bad credit. But they can be risky and often have extremely high interest rates and ...
Specializing in loans for women, the KWFT (Kenya Women Finance Trust) holds by far the largest market share, with loans to 334,188 clients. The educational loans market is narrow, which can be observed by the major player’s client base: KADET services only 220 clients, followed by the Kenya ECLOF (211 clients), SISDO (202 clients), and the ...
The Hustler Fund, administratively also known as The Financial Inclusion Fund, is a loan project led by the Kenyan government which provides instant loans to Kenyan citizens upon request. The program was launched by President William Ruto in late 2022 with the intention of providing at least $420 million in loans.
Most lenders do a type of credit check called a hard credit pull when a borrower applies for a personal loan. A hard pull shows up on your credit report and can affect your credit score.
The company was established in 2008, as Kenya Women Finance Trust (KWFT), a 100% subsidiary Kenya Women's Holding (KWH). In 2010, the institution was authorized to accept customer deposits, thereby becoming a deposit-taking microfinance institution.
A similar conclusion was reached by development economist Alan Gibson in a study commissioned by Financial Sector Deepening Trust Kenya (FSD Kenya) on the occasion of the 10th anniversary of FSD Kenya in 2016. [66] He wrote that credit to business did not improve due to M-PESA and that credit to the agricultural sector even declined.
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