Our Products
Micro - Lending
Empowering Small Businesses, Driving Economic Growth
Our expanding microfinance division is dedicated to empowering the trader market, which consists of small businesses with immense potential, talent, and promising profit margins. Despite their potential, these businesses often face a critical barrier: the lack of capital needed to purchase inventory and scale their operations. This challenge is a significant factor contributing to the slower economic growth observed in Sub-Saharan Africa, primarily due to poor capital accumulation.
In Kenya, a large portion of the population, particularly at the grassroots level, remains unbanked or underbanked, with minimal savings. This financial exclusion limits their access to conventional loan services, creating a constant need for alternative funding solutions.
Our microfinance services address this gap by providing accessible credit to small businesses, enabling them to grow and thrive. Some of our clients include mama mbogas, local artisans, craftsmen, and small business owners who form the backbone of Kenya’s economy. We are not just lenders; we are partners in growth. We educate our clients on the effective use of credit, helping them to expand their businesses in a profitable and sustainable way.
With a deep understanding of the market’s needs and challenges, we are confident in the substantial growth potential of our microfinance division. By supporting these businesses, we contribute to the broader economic development of Kenya, fostering a future where financial inclusion drives prosperity for all.
Asset Financing
At SimplePay Capital Limited, we specialize in offering flexible and accessible financial solutions to help individuals and businesses acquire motor vehicles. Our core products—Logbook Loans and Asset Finance—are designed to cater to a wide range of needs, whether you are a young professional, an entrepreneur, or a business looking to expand your fleet.
Logbook Loans
Secure the funds you need by leveraging your vehicle’s logbook. Our Logbook Loans provide quick and convenient access to capital, allowing you to meet urgent financial needs or invest in new opportunities. With competitive interest rates and flexible repayment options, you can confidently navigate your financial journey without compromising your vehicle ownership.
Asset Finance
Dreaming of owning a car but lacking immediate funds? SimplePay Capital is here to make it a reality. We offer asset financing for the purchase of cars and higher-purchase vehicles, working with reputable dealers and car yards to ensure you get the best deal. Whether you’re looking for a new model or a pre-owned vehicle, we take into account factors like the car’s model, year of manufacture, and condition to tailor a financing plan that suits your budget and needs.
SME
We provide collateral-backed loans specifically designed for small and medium enterprises (SMEs). SMEs are the backbone of most economies, particularly in developing nations, where they account for the majority of businesses and significantly contribute to job creation and economic growth. However, SMEs often face challenges in securing traditional bank loans and rely heavily on personal savings or informal sources of funding to start and sustain their operations. That’s where our services come in. We offer a comprehensive approach that combines financial advisory and lending services, empowering SMEs to expand their impact on the economy, including supporting underrepresented segments like women-owned businesses.
To secure a loan, clients are required to provide collateral, such as a title deed or logbook. Additionally, clients must disclose their bank statements and present a clear plan outlining their intended use of the capital, whether for expansion or other specific business needs.