KENYA PRIVATE LOAN
In Kenya, a private loan consists mainly of a financing facility elaborated and granted through a Kenyan private lender or a Kenyan private investor and dedicated to a Kenyan borrower without involving a Kenyan bank.
In Kenya, a private loan has the objective to assist Kenyan individuals but also Kenyan entrepreneurs to get access to fresh funds and financial support through the intervention of private investors who are prepared to lend money.
In Kenya, private financing is crucial for Kenyan borrowers who are struggling with huge obstacles when submitting a loan demand to the Kenyan banks who are reluctant to approve any money injection.
In Kenya, a private loan is often granted through either a Kenyan peer-to-peer lending platform which bring together Kenyan private lenders and Kenyan borrowers or though the Kenyan microlenders in the context of microfinance.