SCL has played a role in economic development by providing financial access in terms of credit to people who otherwise would not access such services. Our customers have seen their business transformed from the loans we give. Our financial advice to clients is a major pull for us
Shadrack Ombui is a qualified medical practitioner and is in the private sector, where he operates his own medical clinic. At the time Speed Capital Officers met Shadrack, he needed to relocate his clinic from Pipeline estate to Tassia area where he had gotten a bigger spacious premise. Shadrack required kshs 100,000 that would enable him accomplish his needs. Speed Capital financed Shadrack with this amount which he secured with his logbook.
He paid the cash in three months after which he requested for another loan of kshs 100,000 to set up an admission room. Shadrack has been able to expand his clinic from a purely outpatient one to offering inpatient services too. He has a 10-beds ward for both male and female patients. To date Shadrack has serviced 3 loans well, all of kshs 100,000. Shadrack had this to say about Speed Capital.
“Am so appreciative and grateful to Speed Capital for being there for me whenever am in need of financial support. The staff are so friendly and they give me a totally personalized focus which makes me feel valued and important.”
At the moment Shadrack wants to identify an ambulance which he could be using to rush his clients to referral hospitals for specialized treatment when need arises and Speed Capital will be funding him for the project too.
Domitilla is a retail shop business lady based in Rongai. This is what she had to say about speed Capital and how it has helped her grow her business. “I started this business in 2007. I knew about Speed Capital from the officers who visited our businesses premises and spoke to us.
I felt interested and decided to give it a trial. I took a loan of Kshs. 10,000 from Speed Capital which I paid within one month.
I again took another one and repaid. I am currently servicing my 5th loan. Whenever I get the loan, I invest it into the business there by enabling me grow and also get money to service the loan.”
“SCL caters for my needs; it suits my business and what I want to do with my life. It allows me not only to take care of myself but also my husband and more importantly my children. Through my loans from SCL, I have now made enough money to send my children to school. I will continue with SCL until I achieve my dream of owning a supermarket in Rongai. I am proud to have SCL as my Financial Partner”.
“My name is John Mucheru Muchugu; I operate an Auto spare shop here in kitengela. My business has faced a number of challenges key of them being stock supply. This turned out to be embarrassing especially when clients came asking for what I didn’t have in stock.
All this came to an end after being introduced to Speed Capital Limited by a friend of mine. I took my 1st loan of ksh 30,000 which I used to stock most of what was missing in the shop and was able to repay within a month.
I again took another loan of a similar amount, used it to re- stock and paid the loan within one month. I have never stopped borrowing from Speed Capital whenever am in need of money. Speed Capital has helped my business nourish, their loans are affordable even to small businesses like mine. They also have good packages to suit all kinds of businesses whether small or big. Their quick loan processing has also helped me have customer’s orders ready in good time. Am currently servicing my 15th loan and still very happy because Speed Capital has changed my life for the better”.
Millicent Muthoni is the proprietor of a chemist by the name Wamu chemist based in Thika. She says that Speed Capital came in just at the right time when her business needed a financial boost. Speed has not only provided loan facilities to her but also imparted financial literacy. She is able to analyze her business incomes and savings has been inculcated into her life.
Her business has grown and expanded greatly.
It’s the good services and flexible products that have won her loyalty. She is currently servicing her 4th loan and she says
“Speed Ni mambo yote coz Ina kusort real quick” – (“Speed is all you need because it meets all your financial needs just in time you need it’).
Janet Mwihaki is a business lady in Gikomba market where she runs a shop of stuffing materials and cushions for sofa sets. Janet had this to say about Speed Capital.
“Learning about Speed Capital was an idea at the right time just when my business needed a financial boost. My first loan from Speed Capital was of ksh 10,000 which I paid within one month. This gave me an opening to get more funding from the institution to stock and boost my business.
Through Speed Capital loans, my life has improved a lot. I can now afford to pay my children’s school fees in a more comfortable way and give them a good diet. I’ll forever remain grateful to Speed Capital staff that also showed me the importance of saving money as a precautionary measure.Truelly speaking; they are there to see you grow your business to greater heights.”
“I started my business in the year 2006. I supply farm garments to flower farms ranging from work boots, uniforms, spray suits, masks/respirators among others. My business has experienced a number of challenges majorly due to lack of finances. Getting a financial boost from other lenders was a serious challenge.
All these came to an end after learning about Speed Capital.
I took my first loan of ksh 20,000 from Speed Capital which I used to stock most of what was missing from my shop. I repaid this within one month and took another of ksh 50,000.What I like about Speed Capital is the flexibility of their loans and their mode of repayment where one can repay their balances through Mpesa. My business has grown to a net worth of over ksh1, 000,000. I owe the success of my business to Speed Capital who has been with me all steps of the way. I’m counting on Speed Capital to help me extend my business to other parts of the country”.
Murage has been in business of selling shoes at a shoe centre in Karen for the last 5 years. He imports his stock from China, Dubai and Turkey. His business performance has been fairly good in the early stages due to various challenges of inadequate stock and un-met client demands. Murage was referred to Speed Capital by one his customers and this encounter changed his business for the better.
He is now able to provide more and higher quality shoes to his customers. In addition, he has also managed to maintain enough stock for his clients. Due to his good credit history record with speed capital ltd, Murage has also been able to get emergency loans especially for air ticket whenever he gets quick orders from his customers. Murage is currently working on starting a uniform supply shop for the various institutions and Speed Capital will finance him for this project. Speed Capital has seen Murage’s business grow to its current position.
Murage is now an employer of 6 people.