Mwananchi Credit denies reports of financial difficulties

Mwananchi Credit has dismissed claims that it is facing financial difficulties and has failed to pay staff salaries, affirming that the microfinance institution remains financially stable.

The company said all eligible staff salaries have been paid, with delays only affecting employees undergoing ongoing disciplinary or administrative processes.

In a statement to newsrooms, senior management emphasized that the firm continues to operate normally and is planning further expansion this year, alongside enhanced products and services for clients.

The management stated that bonuses have also been paid to outstanding performers and long-serving staff, noting that this highlights Mwananchi Credit’s commitment to employee welfare.

The firm criticized repeated reports from a blogger, calling the claims targeted and misleading.

“No amount of witch-hunt will affect our business,” the statement said, stressing that operations and service delivery remain unaffected.

Mwananchi Credit said it has built a reputation for delivering fast, flexible, and customer-focused loan products for individuals, SMEs, and investment groups.

The company noted that its approach—balancing speed, professionalism, and empathy—has helped it remain a trusted financial partner for thousands of Kenyans.

The institution reiterated that its financial stability and ongoing expansion plans are intact, assuring stakeholders that it will continue to grow and support its clients and employees.