Author name: Fortune Credit

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Fortune Credit Champions Inclusive Access to Education Finance at the Global Education Finance Conference 2024

At Fortune Credit Limited, we believe in the transformative power of education. During the Global Education Finance Conference 2024, our CEO, Janet Kuteli, shared our ongoing commitment to making quality education accessible to all — especially within underserved communities across Kenya. From Edufinance loans for parents and students to school improvement loans that strengthen learning institutions, we are proud to be part of a growing movement driving access, opportunity, and innovation in the education sector. Education isn’t just a pathway for individual growth — it’s the foundation for building sustainable, empowered communities and shaping a brighter future for generations to come. We are honored to collaborate with like-minded financial institutions, impact investors, and development partners who share our vision of transforming lives through financial inclusion and education. Together, we’re investing in knowledge — because every child deserves the chance to learn, grow, and succeed. 🎓💚

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Fortune Credit has opened its first Neo-branch in Nyeri County!

We’re excited to share that Fortune Credit has opened its first Neo-branch in Nyeri County! This is not only a new milestone for us but also a step forward in our mission to make financial services accessible, affordable, and tailored to the needs of our communities. Designed with a focus on simplicity and user-friendliness, this branch leverages innovative technology to bring banking closer to the people of Nyeri and the greater Mount Kenya region. Our Neo-branch is more than just a location; it’s a hub for financial empowerment. By integrating customer-friendly digital tools, we’re making it easier than ever for our clients—especially those involved in agriculture and related sectors—to access on-demand credit. We understand the importance of timely financing in agriculture, where funding is essential for growth, productivity, and sustainability. That’s why we’re committed to working closely with partners, aggregators, and distributors in agricultural value chains to provide financing solutions that are both accessible and responsive to their needs. Through this Neo-branch, we aim to support those who drive the local economy, from smallholder farmers to business owners, with financial products that are embedded within the value chain. This approach enables us to provide the right financial tools at the right time, making a tangible difference in the lives and livelihoods of our clients. We also see this opening as an opportunity to expand our network of partners. At Fortune Credit, partnerships are at the heart of everything we do, and we’re calling on more organizations to join us in bringing appropriate financial services to the people who need them most. Together, we can build a more resilient, inclusive financial ecosystem that empowers our communities and supports sustainable growth. To the people of Nyeri, thank you for welcoming us with open arms. We look forward to being part of your journey toward financial empowerment. And to our existing and potential partners, let’s work together to make a lasting impact, one connection, one investment, one story at a time. Join us as we continue to transform finance into a force for good, creating pathways for growth and opportunity throughout the region. Here’s to a brighter future, powered by collaboration, innovation, and a shared commitment to empowerment.

Fortune @11, Latest News, Our Blog

Fortune Credit gets License approval as a Digital Credit Provider (DCP) from Central Bank of Kenya

We are thrilled to announce that Fortune Credit is now licensed as a Digital Credit Provider (DCP) by the Central Bank of Kenya. This milestone not only marks a pivotal moment in our journey but also signifies our unwavering commitment to advancing financial inclusion and fostering lasting economic impact within Kenya’s financial services sector. At Fortune Credit, our mission has always been centered around empowering individuals and business owners, particularly the vulnerable segments of society, with access to responsible financial services. We believe that financial inclusion is not just about providing access to credit; it’s about empowering individuals to build a better future for themselves and their communities. Obtaining the DCP license reinforces our dedication to regulatory compliance and ethical lending practices. We understand the importance of responsible lending and are committed to upholding the highest standards of integrity and transparency in all our operations. This licensure is a testament to our relentless efforts in ensuring that every aspect of our business aligns with regulatory requirements and industry best practices. As our CEO, Janet Kuteli, aptly puts it, “Securing a license is not just a milestone; it’s breaking down barriers to financial inclusion. It’s more than adhering to regulations; it’s about fostering a regulatory landscape conducive to growth. Obtaining a license isn’t merely permission; it’s the catalyst for unlocking untapped markets, fostering collaborations, and instilling trust. It transcends paperwork; it symbolizes a badge of trust amongst stakeholders. Let’s not just obtain licenses; let’s redefine the very essence of empowering communities through enhanced financial access.” Looking ahead, we are excited about the opportunities that lie ahead as we continue to expand our reach and impact in the financial services landscape. We are committed to driving positive change and making a meaningful difference in the lives of our customers and communities. To all stakeholders, thank you for your continued support as we embark on this exciting journey together. See the full list of approved lenders here.

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Fortune Credit and eWAKA Mobility partner to Empower Riders with Affordable Asset Financing

Nairobi, 28th Feb – Fortune Credit and eWAKA Mobility are thrilled to announce a strategic partnership aimed at piloting innovative financial products in the e-mobility value chain through an embedded finance approach. The collaboration introduces a groundbreaking financing product that enables riders on the eWAKA platform to attain full ownership of the Shujaa 2.0 electric bike at a daily cost of just 396 KES. The electric bikes also come with an embedded comprehensive cover, protecting against damage and loss. This partnership is poised to significantly enhance the livelihoods of riders, made up of youth and women, by enabling them to take on more delivery jobs and increase their income opportunities.     The development of this product stems from a collaborative effort aimed at addressing the prevalent pain points faced by Kenyan youths and women in accessing asset financing from traditional lenders including poor credit history and lack of sufficient collateral . Additionally, the product incorporates a financial training component, specifically focusing on understanding loan obligations. Riders will also benefit from opportunities to enhance their credit rating and receive free financial education through Fortune Academy. This partnership underscores Kenya’s commitment to transitioning towards cleaner and more sustainable mobility solutions, reducing reliance on fossil fuels, and fostering an interconnected low-emission transport system thereby contributing to the country’s goal of reduction of emissions by an estimated 3.46 MtCO2e by 2030 Janet Kuteli, Founder & CEO of Fortune Credit Limited, expressed her enthusiasm about the collaboration, stating,”We are excited about our partnership with eWAKA, a leader in the emobility space. Our collaboration enables us to connect riders to the market through efficient last-mile delivery. Through real-time scoring and digitization of the loan product, riders can access instant credit, fulfilling the essence of economic empowerment embedded in our financing model.” Celeste, CEO of eWAKA, shared similar sentiments, saying,”We’re thrilled to partner with Fortune Credit, a company that perfectly aligns with our vision and values. Together, we’re set to empower African youth and women, transforming their destinies through accessible electric mobility. This partnership signifies more than just a collaboration; it marks a shared journey towards making a significant, positive impact on lives and livelihoods.” About Fortune Credit: Fortune Credit Limited is a financial services institution that was founded in 2014 to catalyze economic, social & ecological empowerment of the vulnerable population of Africa through appropriate savings, credit and insurance services Website: https://fortunecredit.co.ke/ About eWAKA Mobility: eWAKA offers a revolutionary approach to transportation with its tailored electric last-mile services for rent or purchase, to both corporates and individuals perfectly suited for deliveries and commuting. Website: https://www.eWAKA.tech/

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