Since its establishment in 2009, Ngao Credit has emerged as a reliable non-deposit-taking microfinance institution in Kenya. The institution provides tailored financial products aimed at empowering individuals and small businesses across the country. This guide offers detailed information about Ngao Credit branches in Kenya, their contacts, and an overview of their diverse financial solutions.
About Ngao Credit
Ngao Credit prides itself on its customer-centric approach and commitment to providing quick, flexible, and affordable credit solutions. It specializes in innovative financial products designed to meet the unique needs of individuals, SMEs, and business owners.
Ngao Credit’s Core Products
- Logbook Loans
- Borrowers can secure up to 60% of their vehicle’s value, with loan amounts ranging from Ksh 100,000 to Ksh 5 million.
- Loan approval takes as little as six hours, with repayment terms of up to 24 months.
- Interest: 3.5% per month.
- Requirements: Original logbook, ID, PIN, comprehensive insurance, and bank statements.
- Mobi Loans
- This top-up logbook loan is disbursed via M-Pesa for existing clients.
- Loan limit: Up to Ksh 300,000, repayable within three months.
- Jijenge Business Loan
- A short-term solution tailored for SMEs or contract financing.
- Offers up to Ksh 5 million with repayment terms of three months.
- Loans Against Shares
- Customers can use their NSE-listed shares as collateral, borrowing up to 60% of their shares’ value.
- Loan approval takes two hours, and repayment is capped at 12 months.
- Asset Financing
- Covers up to 70% financing for vehicle purchases, including new and used cars.
- Loan amount: Up to Ksh 5 million, repayable over 36 months.
- Import Finance
- Tailored for vehicle imports, financing 70% of the cost.
- Repayment period: 36 months.
- Trade Finance
- Designed for SMEs to finance tenders, contracts, or inventory restocking.
- Maximum loan amount: Ksh 5 million, repayable within 30 days.
- Insurance Premium Financing
- Offers 100% financing for insurance premiums, repayable in six months at 2% interest.
Ngao Credit Branches in Kenya
Ngao Credit has established branches in strategic locations across Kenya, ensuring accessibility to its financial solutions. Below is a detailed list of the branches and their contact information:
1. Ngao Credit Head Office
- Location: Morning Side Office Park, 4th Floor, Ngong Road, Nairobi
- Phone: 0709 650 000
- Email: info@ngaocredit.com
2. Upperhill Branch
- Location: NHIF Building, 2nd Floor, Community, Nairobi
- Contact: 0709 650 100
3. Nairobi CBD Branch
- Location: Ecobank Towers, 6th Floor, Muindi Mbingu Street
- Contact: 0709 650 200
4. Mombasa Branch
- Location: Jubilee Arcade, 2nd Floor, Moi Avenue
- Contact: 0709 650 300
5. Nakuru Branch
- Location: Baraka Plaza, 1st Floor, Kenyatta Avenue
- Contact: 0709 650 400
6. Eldoret Branch
- Location: Zion Mall, 1st Floor, Uganda Road
- Contact: 0709 650 500
7. Kitengela Branch
- Location: Kitengela Mall, 3rd Floor, Kajiado-Kaputei North Road
- Contact: 0709 650 600
8. Thika Branch
- Location: Maisha Heights, 1st Floor, Kenyatta Avenue
- Contact: 0709 650 700
9. Kisumu Branch
- Location: Tuffoam Mall, Ground Floor, Achieng’ Aneko Road
- Contact: 0709 650 800
10. Meru Branch
- Location: Royal Business Park, 5th Floor, Meru
- Contact: 0709 650 900
Why Choose Ngao Credit?
- Fast Loan Approvals
- Ngao Credit prides itself on processing loans in record time, often within hours.
- Flexible Financial Solutions
- Products are tailored to meet diverse needs, from business financing to personal loans.
- Wide Network of Branches
- With branches in major towns, Ngao Credit ensures clients can easily access their services.
- Customer-Centric Approach
- The company emphasizes personalized customer care and offers multiple communication channels for support.
Success Stories: Ngao Credit’s Impact on Kenyan SMEs
Many SMEs in Kenya credit Ngao Credit for their growth and resilience. By providing trade financing, asset financing, and Jijenge loans, Ngao Credit has enabled businesses to secure critical contracts, expand operations, and purchase essential equipment.
For instance, Ngao Credit’s Trade Finance product has supported entrepreneurs in industries such as manufacturing and retail to fulfill government tenders and stock goods during peak seasons.
Future Plans and Innovations
Ngao Credit is actively working on integrating more digital solutions to enhance its service delivery. The institution is exploring the expansion of its Mobi Loan services and the adoption of mobile apps to make loan applications and disbursements faster and more efficient.
