09/05/2022
Watu Credit is a company that offers asset financing (motorcycles and three-wheelers) and group lending products (short-term and business loans). A fast-growing finance company that lends primarily through mobile services. Its headquarter is in Mombasa, Kenya.
The Company started business operations in July 2015 with a clear vision and mission statement. To be the best provider of short-term loans geared to the exact needs of target customers and rendered through smartphones.
Currently they are expanding with a network of 19 branches in Kenya. Has operations outside of Kenya which are in Uganda and Nigeria. Watu Credit prides itself in rendering fully cashless services for loan disbursement and collection. Borrowers have as well as 24-hour access to loans facility.
Watu Credit mission
The Watu Credit mission statement is to help people to help themselves. They support entrepreneurs who believe when provided with the right tools can grow their community and the economy as a whole. Each passing day they work towards empowering entrepreneurs by providing the tools needed to move and improve lives.
What are the requirements for one to get financing from Watu?
To qualify for a loan at Watu, they require one to have::
Valid National ID of both the Borrower and the guarantor
KRA PIN Certificate
From 20 to 65 as normal age. But from 18 to 19, must come with their parents.
They require 1 Guarantor from 20 years and above
Need to make a down payment of Ksh. 10,000 for Motorbike financing and 50,000 for tuk-tuk financing
A valid 6 months Safaricom phone number.
How to apply for Watu Credit
Visit their office or branch near you
The team’s guide you through the application process
Once successful, select your repayment plan
Get the asset and ride home.
How long does it take for me to get my motorbike/tuk-tuk once I complete the loan application?
It takes just 2 hours to apply and get a motorbike/tuk-tuk upon application. However, in case of unforeseen ci
