In response to the Central Bank of Kenya’s decision to lower its base lending rate by 75 basis points to 10%, Peter Macharia Kamau, the Founder, Managing Director, and Chief Executive Officer of Jijenge Credit Limited, has expressed his support for the move, which is expected to reduce the cost of credit for both businesses and households.
The reduction marks the fourth consecutive interest rate cut by the Monetary Policy Committee since May 2023, and the new benchmark rate is the lowest seen since that time. Mr. Kamau highlighted the significance of this change in easing the financial burden on Kenyans, particularly in a time when inflation is gradually easing, thus promoting economic activity.
"The move is expected to ease the cost of borrowing, offering relief to businesses and households as the central bank seeks to stimulate economic activity amid easing inflation," Mr. Kamau stated. His remarks underscore his confidence in the role of affordable credit in supporting Kenya’s economic growth.
Jijenge Credit Limited, under Kamau’s leadership, has been at the forefront of providing hassle-free, affordable loans to millions of Kenyans, often with approval and disbursement in under an hour. The company has become known for its innovative approach to digital lending, making it a trusted name for individuals and businesses alike seeking quick financial solutions.
The company’s success has not gone unnoticed, as it recently won the prestigious Best Contribution to the Growth of Digital Lending award during the Digital Lenders Awards 2025, presented by Think Business Ltd. This accolade further cements Jijenge Credit’s position as a leader in Kenya’s evolving digital lending space.
Despite the challenges faced by the financial sector, Mr. Kamau remains optimistic about the future. "We believe the future is bright for all Kenyans, even though there may be a few hiccups along the way," he said.
With the lowered lending rates, Jijenge Credit is poised to continue its growth and contribute to the economic recovery and financial inclusion of the country, helping many Kenyans access credit more easily and affordably.
The Central Bank's decision reflects a broader strategy to support Kenya’s economy, encouraging investment, consumption, and lending across the nation, and further solidifying Jijenge Credit’s role in driving economic empowerment for all.
0 $type={facebook}:
Post a Comment
Note: Only a member of this blog may post a comment.