Overview

Name: Jijenge Credit Ltd (JCL)

Founded: 2014

Type: Non-deposit taking micro-lending and digital credit provider

Regulation / Licensing: Licensed by the Central Bank of Kenya (CBK) as a digital credit provider

Head Office / Branches:

Head office in Nairobi, Town House building, Kaunda Street (6th Floor)

Additional branches in Thika (Johanna Centre), Ridgeways (Kiambu Road), and Kitengela (Valley Business Center)

Products & Services

JCL offers a range of credit and finance products for individuals and small to medium enterprises (SMEs):

Product Type Description
Logbook Loans Borrow against your vehicle using the logbook as collateral.
Title Deed Loans Loans secured by property title deeds.
Business / Trade Finance Loans for business use, LPO financing, import duty financing, etc.
Asset Financing / Equipment Loans Financing for acquisition of assets or equipment.
Personal / Salary / Rental Income Loans Loans based on salary check-off or rental income.
Institutional / Educational Loans Loans tailored for institutions or educational purposes.

They also provide insurance advisory, premium financing, and business consultancy services.

Key Terms, Rates & Conditions

Loan Amount Range: Up to KSh 10 million

Interest Rates: From as low as 3.75% (clarification needed whether monthly or annual)

Repayment Terms / Duration: Up to 60 months (5 years)

Collateral / Security: Vehicle logbooks, title deeds, or other assets depending on loan type

Fast Processing: Some products advertise same-day approval, such as logbook loans within 1 hour

Strengths & Risks
Strengths

Broad product range for individuals and businesses

Licensed and regulated by the CBK

Combination of physical branches and digital credit platform

Quick loan processing

Risks

Interest rate details may not be fully transparent

Collateral-backed loans carry risk of losing property or vehicle if payments default

Possible hidden fees (administration, processing, or insurance)

Regulatory changes in the digital lending sector could impact operations

Loan eligibility and terms depend heavily on creditworthiness and repayment history