Alternative Capital Company is a registered lending company which is making it easier for businesses to start up, expand, succeed and create jobs. The company was formed for the purpose of extending micro credit to people who are otherwise unable to access finance from the mainstream banking channels.
The alternate source for such people normally is the private money lenders whose rates of interest ranges anywhere from 30% upwards.
What we do?
ACL does this by lending through the Micro-enterprise Loan Fund. This is targeted at start-up or growing micro-enterprises across all industry sectors. We work with businesses based in the Republic of Kenya with less than 10 employees and a turnover of less than KES 2m. Our loan repayment cycle is between 1 month – 3 months with loan amounts ranging Shs. 2,000 to 10million
As a company, our relationships with our clients is the most important to us and so we strive to deliver maximum value to every customer we interact with. We aim to always grant credit to the right individuals and so we strive to approach every customer interaction with our C.R.E.D.I.T guidelines.
Customer First: The customer is our only priority and we are committed to providing the best service to our clients
Rapid Response: At Alternative Capital we understand that information is valuable, that is why we will give you a quick response to your application regardless of the outcome. Our Customer Service channels are also programmed to respond to and resolve queries promptly.
Equity: We believe in fairness and good loan repayment should be rewarded with better interest rate pricing. This is why we report all our clients’ repayment performance to credit bureaus to help build our clients’ credit record, increasing their chances of securing loans from more financial institutions besides Alternative Capital.
Dignity: We partner our clients with trust and do not rely on your assets or employ third party guarantees. We only lend to you what we think you can afford to repay and we are ready to help if things go wrong.
Innovation: We are constantly improving our loan products to meet the changing needs of our clients.
Technology: We use technology to simplify the loan application process thus reducing the time to approve and disburse our loans.