Mwananchi Credit Limited, a leading provider of logbook loans and asset financing, was a big winner at this year’s prestigious Pacesetter Awards Eastern Africa chapter that saw over 150 Leading firms and 10 professionals in Eastern Africa honored. The event gala dinner, held at the Weston Hotel Nairobi, saw Mwananchi Credit honored as a Pacesetter in Asset Financing and the Pacesetter in Enhancing Credit Access. These major international SMEs and Mid-sized firms International Award dubbed Pacesetter Awards recognized Mwananchi Credit’s unwavering commitment to expanding access to credit for individuals across the country. Their unique risk financing model has proven to be a game-changer in providing financial opportunities to a wide range of customers.
The awards are organized by Jubilant Stewards of Africa a Non-Governmental Organization that champions improvement of living standards, social ethics, dignity and empowerment of communities. It brought together firms from at least 10 countries in the Eastern Africa region including top SMEs and mid-sized top institutions from Kenya, Uganda and Tanzania among other countries. Pacesetters Award (PSA) is an annual Industry leadership Recognition program organized by Jubilant Stewards of Africa (JSA), a Non-Governmental Organization, to celebrate key industry leaders for their innovation, quality products and service delivery, job creation, exemplary leadership, growing the economy, and transforming the society. These awards are based on the economic and social impact rather than the balance sheet. Jubilant Stewards of Africa is dedicated to the improvement of living standards, social ethics, dignity, and empowerment of communities. As part of its Corporate Social Investment (CSI), JSA feels the need to encourage firms and individuals to take leadership in their respective industries and get them into pace.
Expressing his elation at the award ceremony, General Manager Muriithi Gitonga expressed his gratitude and enthusiasm for Mwananchi Credit’s achievements.
He said, “These awards hold significant meaning for us, as they symbolize our relentless pursuit of expanding credit access to everyone. Our focus on asset financing is also finally reaping rewards, solidifying our position as the preferred Asset Financing partners in the country. We are immensely grateful to God for our journey thus far.”
The Pacesetter Awards recognized Mwananchi Credit’s exceptional performance and unwavering dedication to providing excellent financial solutions to their clients. With their logbook loans and asset financing options, the company has successfully established itself as a trusted partner for individuals seeking convenient and accessible credit.
As a prominent financial institution, Mwananchi Credit has consistently demonstrated its commitment to meeting the diverse financial needs of their customers. They have continuously strived to offer flexible loan terms, competitive interest rates, and excellent customer service, making them a preferred choice among borrowers.
“Pacesetters Awards considers a range of quantitative and qualitative aspects to determine and honor the winners. A novel survey model was initiated in 2020 for the hyperinflationary environment. The model has since been tested and it demonstrated its functionality, elasticity, and robustness. Furthermore, models in various industries such as the financial sector were remodeled to enhance their significance to the current environment, enhance quality and increase the objectivity of results,” said Jared Oundo, Executive Director of Jubilant Stewards of Africa.
According to Jared Oundo, this year, Jubilant Stewards of Africa in partnership with the United SMEs Association of Kenya are organizing a Tech expo that will take place in Nairobi Kenya from the 3rd to 5th of November 2023. In addition, they are organizing a business trip for all award winners set for next year in either Singapore, Dubai, London, or North Carolina.
Some of the new entrants in the 2023 Eastern Africa Chapter of the awards include Westland Laser Eye Hospital, MP Shah Hospital, Pekan Real Estates Ltd , Nyeri based – Modern Furniture Pacific, Tours and Travel firm – Spoton Vacations Ltd, Jambo Freight Tanzania, Pembe Flour Mills, Air Travel and Related Studies, Joy Millers, EM Primelands LtdThe Mimshack Homes Real Estate firm, AMG Realtors, Simpet Kenya Ltd- Creative Graphics design and corporate branding solutions provider, Brett and Baileys Limited Tanzania, Eng. Martin David from Tanzania, Pekans Real Estates CEO Peter Kariuki as the most Inspiring CEO of the year among others.
Most of the awardees have been conferred with other awards including the Top KPMG 100 Survey and other international awards. Notable firms that have featured in the Pacesetters Awards Eastern Africa Kenyan Chapter include; Telecommunication giant Safaricom, Ena Coach, City Walk, Avantis Insurance Agency, Certified Homes, Gotovate Africa Safaris Group, GMC place Kitengela, Automotive Doctor Motor Garage, Sung Timber, German Institute of Professional Studies and Joy Millers Limited. New entrants include; Jambo Freight Ltd Tanzania, inter consult Tanzania, Spik n Span Tanzania, and Raphael Logistics Ltd Tanzania.
About Mwananchi Credit Limited:
Mwananchi Credit Limited is a leading provider of logbook loans and asset financing solutions in Kenya. With a commitment to accessibility and customer satisfaction, they have established themselves as a reliable financial institution, meeting the diverse credit needs of individuals across the country. Mwananchi Credit is dedicated to expanding credit access and empowering customers with financial opportunities through their innovative risk financing model.
