Musoni Kenya

lendingonline loansother lending

FOUNDING YEAR: 2009
LOCATION: Kenya
Last Update: 01/05/2020

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About

Musoni Kenya is division of Musoni BV, it is a microfinance institution providing financial services through mobile payments. Musoni provides cashless loans for groups, individual business, agri-business, emergency and education sector.

Focus

PRODUCTS & SERVICES

Nairobi-based micro-finance provider. Musoni provides loans to smallholder farmers and informal enterprises in sizes ranging from KES 500 (USD 5) to KES 3 million (USD 30,000) at monthly interest rates of 1.67 percent for individual loans and 1.83 percent for group loans (Feb 2018).

REVENUE MODEL

The company generates revenue by charging monthly interest rates of 1.67 percent for individual loans and 1.83 percent for SMEs.

People

FOUNDERS

Bart Van Eyk

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Alterfin

Oikocredit

KEY EMPLOYEES:

James Onyutta (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$2.3 M

DATE OF LAST FUNDING

Feb 2018

SEED & PRIOR FUNDING

$2.3 M

SEED CLOSED ON

Feb 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2009

LOCATION:

Kenya

Views:

70 VISITORS | 113 VIEWS
LATEST FUNDING ROUND

$2.3 M

TOTAL EMPLOYEES
11-50

About

Musoni Kenya is division of Musoni BV, it is a microfinance institution providing financial services through mobile payments. Musoni provides cashless loans for groups, individual business, agri-business, emergency and education sector.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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