Molyn Credit Limited

Molyn Credit Limited (MCL) is a Microfinance Institution serving the poor currently in Kenya and in future intends to extend service to East and Central Africa.

Poverty eradication is our passion with a dream where people live free of hunger,have the basic needs eg safe drinking water, education, proper waste disposal, a world free of HIV/AIDS in the rural and urban areas. We offer credit and financial advisory services to self-help /community groups, SMEs, low cadre civil servants and employees of State Corporations .We also carry out training,M&E to utilize funds well.

Vision:
To be the leading microfinance Company providing financial and non-financial services locally and regionally.

Mission:
To efficiently provide innovative and market led financial and advisory services to our customers with a strong commitment to positive socio-economic change.

Core values:
Integrity/Youthful/Timeliness and Dynamic.

Products and Services:
a)    Loans to Self Help/Community based Groups: Biashara Taratibu (Business), Jiendeleze (Individual),Usomi (School Fees),Mazao (Agricultural), Soko (Market day), and Nyumba Sasa( Low Cost housing) Loans.
b)    Asset Financing Loans:This category caters for individuals without regular monthly salaries
c)    Unsecured Personal Loans:Low-income employees on regular monthly salaries.The approval of the employer is required before the loan is disbursed.

MCL offers “small”loans of between Kshs. 5,000 and Kshs. 100,000 to people who have ideas on income generating projects or people in income generating projects whose growth is limited by lack of capital.

At MCL we have categorized our products to suit the various needs of the people whom we feel the loan will be beneficial to all aimed at poverty eradication.

We provideclients/customers with a range of innovative products towards poverty alleviation related activities such as loans for farm inputs, low cost clothes vendors, car washing, vegetable and fruit vendors, kiosk operators etc to improve the income brackets of the borrowers.
Our clients are Self- help groups/community based groups in marginalized areas of the society and small and microenterprises (We are currently offering loans to second hand retail dealers in Toi market in Kibera, Youth groups in Kibera and retail business women in Ngara market.), low cadre civil servants, low income employees of State Corporations and selected partner companies.

We are committment to operating within the highest standards of professional and business ethical values by building among its directors, management and employees a culture of honesty, trust and cooperation.

We operate under the tenets of corporate social responsibility, professional ethics and the incorporation of customer ideas in the growth and development of the existing and new products as well as the overall development of the company.

The company is guided by the short and long term prospect of being a customer oriented firm that incorporates the values, needs and preferences of the customer to develop products and services that address the direct needs of the customer.
To leverage our entrepreneurial drive and company brand to grow into a diversified company by pursuing value-adding opportunities and opening up branches both locally and within the region.

MCL seeks to recruit, train, develop and retain highly qualified employees . Regular meetings between employees and management and use of internal publications foster dialogue and active participation of company business. The successes of MCL are seen in the management’s ability to develop an innovative product line and to cost effectively deliver the line to a large and receptive market. MCL’s founding executives are high caliber professionals who create immense synergy for the company.

A Board ensures compliance with the law, operates with the highest standards of business ethics and embraces generally accepted corporate governance practices.

The core mission of MCL is to become the leader in offering innovative, customer focused yet relevant quality financial services to the low income population.Therefore an average of 5 hours per day 6 days a week.
MCL meets all of its legal responsibilities and welcomes employees from all parts of the community, particularly under-represented.

We have an Equality and Diversity policy ensuring the full and fair consideration, treatment of all staff, including disabled persons, during their recruitment, training and career development.