AAR Credit Services Limited has been our partner in a 250 Million KES commercial paper program. AAR Credit Services Limited was established in 2000 as a subsidiary of the AAR Group of Companies, and is a credit only microfinance institution. The company offers products, such as, AAR Insurance Premium Finance, Asset Financing and SME/ Employee Check-Off Loans amongst others.
Alios Finance Kenya has been our partner in a 300 Million KES commercial paper program. Incorporated in 1956, Alios Finance is a non-bank, pan-Africa asset finance company. Alios Finance provides financial solutions to small and medium-sized enterprises, multinationals and individuals through a range of products such as operational and financial leasing, investment loans and consumer finance.
ASL Credit Limited Is Our Partner In 1.5 Billion KES Commercial Paper Program And A 500 Million KES Medium-Term Note Program. Founded In 2007, ASL Credit Is Part Of The RAMCO Group Of Companies. The Company Offers Hire-Purchase Financing Mainly For Vehicle And Industrial Machinery. Further, The Company Was Ranked 23 rd In The Top 100 Mid-Sized Companies By KPMG In 2014.
ASL Limited has been our partner in a 500 Million KES commercial paper program. ASL Limited, formerly known as Associated Steel Limited, was incorporated in 1976, and is part of the RAMCO Group of Companies. ASL Limited now comprises four divisions: Trading Division, Steel Division, Heavy Fabrication Division and the Wire and Cables Division.
BURN Manufacturing Co. is the global market leader in biomass clean cookstoves, under the Jikokoa® & ECOA® brand names, and is poised to be the leader in electric clean cooking appliances.
The company produces the most fuel-efficient biomass stoves (up to 70% less charcoal & firewood consumed), with over 3.6 million units sold worldwide, 100% designed and manufactured in Kenya.
Car & General is our partner in an 800 Million KES commercial paper program and a 200 Million KES medium-term note program. Car & General was established in 1936 and listed its shares on the Nairobi Securities Exchange (NSE) in 1950. The company is a leading supplier of generators, motorbikes, automotive and engineering products in East Africa.
Co-operative Bank of Kenya, a Tier I bank, is our partner in a Fixed Deposit (FDR) program. The bank was established in 1965 and was listed on the Nairobi Securities Exchange in 2008. Strategically, the bank intends to retain its strong market position with cooperatives and well as institutional and retail clients through continued offering a complete range of commercial banking products including custody and trustee services.
Davis & Shirtliff has been our partner in a 200 Million KES commercial paper program. Davis & Shirtliff was founded in 1946, and is now the leading supplier of water-related equipment in the East African region. The company focuses on water pumps, boreholes, swimming pools, water treatment, generators and solar equipment. The company is ISO 9001:2008 certified
Ecobank Kenya, a Tier II bank, is our partner in a Fixed Deposit Receipt (FDR) program. Ecobank Kenya is part of the Ecobank Group, wholly owned by Ecobank Transnational Incorporated (ETI), which is based in Lome, Togo. Ecobank Kenya was established in 2008 and has 24 branches with plans to turn the Kenyan bank into a strategic hub for the Southern Eastern Central Africa (SECA) region.
Family Bank, a Tier II bank, is our partner in a Fixed Deposit (FDR) program. Established in 1984 as Family Finance Building Society, Family Bank became a fully-fledged commercial bank in May 2007. The bank currently has 91 branches countrywide, serving over 1.8 million customers. Family Bank is currently one of the largest banks serving the mass market in all parts of the country.
Gardaworld (Kenya) Limited is our partner in a KES 1.8 Billion medium-term note program. In January 2017, Gardaworld Security Corporation acquired 100% of Kenya Kazi Limited (KK Security) and all its seven subsidiaries through the newly incorporated entity Gardaworld (Kenya) Limited. Gardaworld (Kenya) Limited will offer security services, facilities management and professional training.
HFC Group, a Tier II bank, is our partner in a Fixed Deposit (FDR) program.Established in 1965, the Group plans to operate across the property value chain as suppliers as well as financiers of property.The Group currently has 12 branches company-wide and through its “Vision 2020” strategy, plans to grow its mortgage and lending subsidiary HFC to be a top 10 commercial bank by 2020.
Industrial Promotion Services (IPS) has been our partner in a 500 Million KES commercial paper program. IPS is part of the Aga Khan Fund for Economic Development and provides venture capital, technical assistance and management support to encourage and expand private enterprise in East Africa. The IPS Group of companies operates in the manufacturing, agro & food-processing and infrastructure sectors.
Kenya Commercial Bank (KCB), a Tier I bank, is our partner in a Fixed Deposit Receipt (FDR) program. Starting its operations in 1896, as a branch of National Bank of India, KCB is Eastern Africa’s oldest and largest commerical bank. KCB is currently present in six countries with a total of 230 branches: Kenya (173), South Sudan (20), Tanzania (11), Uganda (14), Rwanda (11) and Burundi (1).
KK Security is our partner in a 1 Billion KES commercial paper program. KK Security, established in 1967, is now one of the fastest growing security companies in Africa. The company is a leading supplier of security services and products in the region, covering Kenya, Tanzania, Uganda, Rwanda, Burundi, Congo and Malawi.
KWFT Microfinance Bank is our partner in a Fixed Deposit (FDR) program. Established in 1981 as Kenya Womens Finance Trust, it was one of the first microfinance institutions to be licenced as a deposit taking institution. Currently, the bank is one of the largest regulated women-only serving institutions in Africa and a leading deposit taking microfinance in Kenya, with over 60% market share.
Mogo Auto Limited is part of the Eleving Group, offering vehicle finance, log book loans, boda-boda and tuk-tuk loans since 2018. Mogo fills the funding gap left by traditional lenders and focuses on productive lending to the self-employed and entrepreneurs. The Eleving Group focuses on vehicle and consumer financing and operates in 16 countries across three continents with a loan book of over USD 300M. Mogo is able to issue loans in less than 24 hours and offer loan tenures up to 60 months using advanced underwriting and scoring models.
RA International is our partner in a USD 3 Million medium term note program. Established in 2004, RA International is Africa’s premier remote service provider. The company provides construction, logistics, life-support and maintenance services to its clients; primarily in the humanitarian, mining and oil and gas sectors. RA International has a presence in 10 different African countries, with a capability to mobilize across the entire African continent.
Founded in 1980, Repelectric (K) Limited has grown to become East Africa’s premier electric motor and rotating equipment repair and rewind shop. Over the years the company has expanded to offer additional products and services now operating from five divisions and one sister company. The group currently employs more than 50 people across its various divisions.
RMA Kenya has been our partner in a 6 Million USD commercial paper program. RMA Kenya was established in 2013 and is the authorized distributor for Jaguar Land Rover; offering sales, service and spare parts for these vehicles. RMA Kenya is part of the RMA Group, which has a global presence and focuses on: all aspects of vehicular fleet composition, supply and support; heavy equipment and power generation.
Watu Credit provides financing for two and three wheeled vehicles through a network of 400 independent dealerships across Kenya. The company presents a unique high growth, high impact financing opportunity for the unbanked and underserved population at the bottom of the pyramid (BoP) in Africa. Watu’s successful operation in Kenya provides the stage for growth across the continent, and a potential continental market for motorcycle financing worth US$ 9 billion. The opportunity in Kenya is still large and growing. The company currently finances 50% of all new motorcycle registrations in Kenya; a potential lending market sized at approximately KES 27.1 billion in 2020.