MyCredit Limited (MyCredit) was founded in 2016 as a credit-only microfinance institution and has been formally regulated by the Central Bank of Kenya since 2022 under the Digital Credit Provider framework. This framework regulates all non-bank lenders, including digital lenders, to protect consumers, promote responsible lending and ensure data privacy and transparency in the sector.
MyCredit focuses on providing fast, flexible products to underbanked segments, many of whom are excluded from traditional banking services. It operates a network of 34 branches across the country, supported by more than 300 staff and serves over 10,000 active borrowers. Clients could be a shop owner looking to expand or restock, an agri-business needing funds for equipment or a school wishing to buy a bus to transport its pupils.
By leveraging technology, such as digital onboarding and automated credit assessment, MyCredit can offer faster, more convenient and secure services. The company’s ambition is to further scale up this ‘tech and touch’ approach to expand its outreach.
Finance by Triodos Investment Management
The USD 3 million senior debt facility is being provided through Triodos Microfinance Fund and Triodos Fair Share Fund. With this transaction, we further diversify and strengthen our financial inclusion portfolio in Kenya. It also expands our reach into the SME and asset-backed lending space, a segment that remains underserved yet is critical for job creation and local economic resilience.
