MyCredit Raises USD 3 M Debt To Expand SME Lending In Kenya

MyCredit, a Kenyan digital lender and non-deposit-taking microfinance institution, has secured USD 3 M in senior debt from an international microfinance lender, strengthening its balance sheet as it marks a decade of operations. The transaction brings MyCredit’s total debt capital raised to approximately USD 13.6 M, with Noblestride Capital advising on the deal.

The new funding will expand MyCredit’s lending capacity, enabling it to deepen credit access for micro, small, and medium-sized enterprises (MSMEs), private schools, salaried individuals, and entrepreneurs across Kenya. The institution focuses on fast, flexible credit products aimed at underbanked segments often excluded from traditional banking.

MyCredit said the capital will support responsible growth while reinforcing its customer-centric lending model.