Finmay Financing made affordable

Cover image of Finmay, Financial services venture on VC4A

48% of Kenyan population is salaried.
According to KNBS, majority of these are are
on renewable contract. 601,507 earn between
50,000 and 99,000.
The kenyan financial system does not consider
these employees for car financing. According
to the enquiries made by our clients, 54 of
them had the ability to pay for the loan but
couldnt get financing from all institutions.
Finmay is May Motors financing arm that will lease vehicles to these clients after establishing and verifying their (clients) employment statuses. The interest rate will be friendly and at Par with Micro-finaces (25%) The product will fill this gap in the Financial markets, where banks prefer people with high salaries and existing micro finances concentrate on business people.

Sectors Financial services
Location Nairobi, Kenya
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