In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. List of The best Money Lenders in Kenya
The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
Loan payment
The most typical loan payment type is the fully amortizing payment in which each monthly rate has the same value over time.[7]
The fixed monthly payment P for a loan of L for n months and a monthly interest rate c is:
- {\displaystyle P=L\cdot {\frac {c\,(1+c)^{n}}{(1+c)^{n}-1}}}
For more information, see monthly amortized loan or mortgage payments.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
This is a List of The best Money Lenders in Kenya
Loan On Items and LogBook Loans, Nairobi
Telephone Number: 0715957199
Jevanjee Gardens Shopping Mall Moktar Daddah Street
Instant Loan on Items, Nairobi
Jevanjee gardens shopping mall along Mokta Daddah Street Nairobi
Instant loans against household items & electronics eg Laptops, Flatscreen TVs, Home Theatres, Fridges, Motor
- Telephone Number: 0715957199
- Email Address: loans.items@gmail.com
Musoni Microfinance Kilimani, Kilimani
Cape Office Park, Ring Rd Kilimani
P.O. Box 25351 – 00100
Nairobi, Kenya
- Telephone Number: 0709761101
- Website: https://musoni.co.ke/
Musoni Microfinance Nairobi, Nairobi
Mishael Plaza, Kamiti Road, Nairobi
Musoni Microfinance envisions to be the most efficient microfinance institution in Kenya by being cashless, paperless, and data-driven to offer the best.
- Telephone Number: 0774592597
- Website: https://musoni.co.ke/
Rudisha Instant Loans, Nairobi
Telephone Number: 0715957199
Nairobi
Eclof Kenya, Nairobi
Ground Floor, Komorock, Spine Road, Nairobi
ECLOF Kenya is a Microfinance Institution providing financial and related non-financial services to micro, small and medium entrepreneurs in Kenya.
- Telephone Number: 0705658385
- Telephone Number 2: 0721344699
- Email Address: info@eclof-kenya.org
- Website: https://www.eclof-kenya.org/
Kenya Ecumenical Church Loan Fund, Nairobi
P. O. Box 34889, Nairobi Telephone Number: 0721344699
Samchi Credit Limited, Parklands
Parklands/Highridge Parklands Parklands Plaza, Nairobi
We offer Microfinance Services to both Small and Big Entrepreneurs, Start-up Loans for MPesa businesses, and machineries for Agriculture.
Telephone Number: 0708777770
Mombo Sacco, Nairobi
Landmark Plaza, 13th Floor Argwings Kodhek Road, Nairobi
- Telephone Number: 0710940006
- Email Address: support@mombo.africa
- Website: https://www.mombo.co.ke/
Loan On Items & LogBook Loans, Buruburu
Millennium Place Shop 11 opposite Quick Mart Supermarket along Mumias South Road.
Telephone Number: 0715957199
GetBucks Kenya Tom Mboya, Nairobi
El-Roi Plaza, 300 Tom Mboya Street, Nairobi
- Telephone Number: 0202434017
- Website: https://ke.getbucks.com/
GetBucks Kenya Mama Ngina Street, Nairobi
Second floor international House Mama Ngina street Nairobi
- Telephone Number: 0790204296
- Email Address: kenyainfo@getbucks.com
- Website: https://ke.getbucks.com/
