Microlender Jijenge raises security margin to cut insolvency risk

Jijenge Credit chief executive Peter Macharia. FILE PHOTO | NMG

Microlender Jijenge Credit has increased its security margins to avoid sinking into insolvency amid growing quick loan requests on resumption of business following the easing of coronavirus lockdowns.

The lender has witnessed increased loan requests from micro, small and medium-sized enterprises (MSMEs) who make up most of its customers since July 6 when President Uhuru Kenyatta eased the restrictions.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.