KENFASP2P was founded in 2021 as a peer-to-peer lending marketplace in Kenya. The platform was founded by a group of like-minded people with a vision of providing a simple alternative banking approach by directly connecting responsible borrowers and investors and striking better deals for both parties.
Since its formation, the platform has facilitated over Ksh. 55 million in affordable loans to hundreds of borrowers and generated great returns for investors.
Through KENFASP2P, people can invest in each other in a way that is financially and socially rewarding. Borrowers apply online for a fixed-rate, fixed-term loan between Ksh. 5,000 and Ksh. 250,000. Individuals and institutions can invest in the loans and earn attractive returns every Month.
KENFASP2P handles loan servicing on behalf of the matched borrowers and investors. KENFAS Marketplace is backed by leading investors including KENFAS Investment Group, Institutional Venture Partners, Grasig Designs, and individual investors.
At KENFASp2p, we believe in financial freedom and inclusivity. That’s why we connect trustworthy borrowers to lenders across the country. Through this linkage, a borrower acquires affordable loans while the lender/investor earns profit in form of interest.
Once a loan request has been placed, registered lenders on the platform are quickly notified. Our credit risk team then conducts thorough vetting and shares the details and credit history of the borrower with the lenders/investors for consideration.
After a borrower has been matched with a lender, the borrower is informed of the terms & conditions of the specific lender/investor and asked to submit an online loan application if they agree to the terms. The loan is then disbursed within the shortest time possible.