Microfinance institution Mwananchi Credit has dismissed claims that it is experiencing financial challenges or failing to pay staff salaries.
In a statement, the company’s top management affirmed that Mwananchi Credit remains financially stable and is planning further expansion this year, alongside enhanced products and services for its clients.
“The truth of the matter is that no one has gone unpaid. All staff salaries have been settled, and the company is in good shape. We are an open organization—anyone can walk in and see for themselves that there is nothing unusual,” said a member of the senior management team.
The company further revealed that it has paid bonuses to outstanding performers and long-serving employees, underscoring its commitment to staff welfare.
However, Mwananchi Credit clarified that salaries for staff currently facing disciplinary or administrative processes are yet to be paid, noting that the internal procedures are ongoing.
The firm also questioned why allegations of delayed salaries continue to originate from the same blogger, describing the claims as a targeted and deliberate witch-hunt.
“Every now and then, we see the same blogger pushing the same narrative. Such actions should come to an end because, regardless of these allegations, Mwananchi Credit will continue to scale greater heights. No amount of witch-hunt will affect our business,” the company said.
Last year, Mwananchi Credit was recognised for its commitment to delivering fast, flexible, and customer-focused loan products tailored to the real needs of individuals, SMEs, and investment groups.
The company has built a strong reputation by balancing speed, professionalism, and empathy in service delivery, earning its place as a trusted financial partner for thousands of Kenyans.
The firm is among the 27 that received operational licenses from Central Bank of Kenya in September last 2025.
Others included Aspire Lending Ltd, Autochek Limited, Bossrich Credit Limited, Brisk Credit Limited, Chapeo Capital Limited, Colkos Enterprises Limited, Dime Credit Limited, Elevate Credit Limited, and Fabilo Credit Ltd, among others.
by JACKTONE LAWI
