Impacts

Since the MFI started it's operations in 2020, it has continued to offer services that bring financial, social and economic impacts to our clients through Agribusiness lending, business loans, Faster-faster loans and individual loans. Promise Capital Solutions Limited has embraced a cashless transaction system where client loans are disbursed digitally to their mobile phones and paid digitally through M-pesa platforms. The microfinance has leveraged innovative technology to provide financial services to micro-entrepreneurs and agribusiness clients.

Promise Capital has since 2020 registered and trained over 4,200 clients, disbursed over 15,000 agribusiness loans across 3 branches in Kilifi County .i.e. Mtwapa, Kilifi and Malindi branches. We have disbursed over Kes. 220,000,000 to date with an average loan size of Kes. 25,500.

Over 80% of agribusiness loans are women in agribusiness who are directly targeted through our group lending model in rural areas. The MFI has touched to over 150,600 households.