Jijenge Credit Welcomes CBK Rate Cut, Says Move Will Boost Access to Credit

NAIROBI, Kenya, Feb 11 – Kenya’s leading credit-only microfinance institution, Jijenge Credit Limited, has welcomed the Central Bank of Kenya’s decision to lower the benchmark lending rate to 8.75 per cent, terming it a positive step toward stimulating private sector growth.

The Central Bank reduced the rate by 25 basis points, citing stable inflation, steady economic growth and a stable foreign exchange market.

Jijenge Credit Limited, under the leadership of Managing Director Mr Peter Macharia Kamau, said the move is expected to ease the cost of borrowing and enhance access to affordable credit for individuals and small businesses.

“The reduction of the policy rate sends a strong signal to the market and creates room for increased lending to the private sector, particularly micro, small and medium enterprises that are the backbone of our economy,” the company said in a statement.

The lender noted that lower interest rates could improve liquidity, boost consumer confidence and accelerate enterprise growth across key sectors.

Mr Kamau reaffirmed Jijenge Credit’s commitment to supporting entrepreneurs and households with responsive, accessible and tailored credit solutions as the economy continues on a recovery path.

The institution said it remains focused on expanding financial inclusion while maintaining prudent risk management and customer-centered service delivery.