Working Capital Logbook Loan For Clinic Owner In Murang’a

In this case study, we look at how Kifedha Limited assisted Edwin Maina, a 48-year-old hospital owner in Murang’a, with a logbook loan to secure working capital. Faced with delays in payments from NHIF. Edwin sought quick funding to manage operational expenses. Read on to discover how Kifedha’s seamless and hassle-free process allowed him to focus on running his business without financial stress.

Table of Contents

1. Loan Overview
2. Customer Background
3. The Challenge
4. The Solution: Kifedha Logbook Loan
5. Key Benefits of the Loan
6. Conclusion
7. Contact Kifedha Limited

Loan Overview

• Client Name: Edwin Maina
• Age: 48 years
• Location: Murang’a
• Occupation: Hospital Owner
• Loan Amount: KES 750,000
• Vehicle Used as Security: Toyota Wish

Customer Background

Edwin Maina is a dedicated hospital owner in Murang’a County. For years, he has relied on payments from the National Health Insurance Fund (NHIF) as one of his main sources of income. Unfortunately, like many business owners, Edwin experienced delays in NHIF payments, leaving him vulnerable to
financial strain. With operational costs like vehicle maintenance, staff salaries, and general expenses mounting, he needed an immediate source of funding.

The Challenge

A significant part of Edwin’s revenue comes from NHIF payments. However, these payments often face delays, leaving him financially exposed. Without consistent cash flow, Edwin struggled to cover essential operational expenses, such as:

• Vehicle maintenance
• Employee salaries
• Medical supplies and equipment

This lack of immediate working capital threatened to hinder his ability to continue providing quality healthcare services to the community.

The Solution: Kifedha Logbook Loan

Edwin Maina was introduced to Kifedha Limited through a personal referral. Understanding the urgency of his situation, Kifedha quickly provided a solution through their logbook loan product. Edwin used his Toyota Wish as collateral to secure a loan amounting to KES 750,000.

• The loan process was streamlined, with minimal paperwork and no hidden fees.
• Edwin received full support from a Kifedha relationship manager who guided him every step of the way, making the process hassle-free.
• Once the loan was approved, the funds were disbursed promptly via RTGS, allowing Edwin to cover his operational costs without delay.

Key Benefits of the Logbook Loan

Edwin highlighted several advantages of working with Kifedha Limited:

Simple Fees and Transparent Terms. Edwin appreciated the clarity and simplicity of the loan terms. There were no hidden charges, and the repayment schedule was manageable.
Hassle-Free Application Process. The application process was fast and efficient. Thanks to the Kifedha relationship manager, Edwin didn’t have to deal with unnecessary bureaucracy, making the experience stress-free.
Understanding and Supportive Staff. The customer support at Kifedha stood out for Edwin. The staff were empathetic to his financial struggles and worked closely with him to find a timely solution.

"When NHIF payments are delayed, everything from paying staff to restocking essential medicines becomes a struggle," explains Edwin, who has been running his hospital for over a decade. "Traditional banks didn't understand our situation, but Kifedha did."

Conclusion

Edwin Maina’s experience with Kifedha Limited demonstrates how a logbook loan can provide much- needed working capital during difficult financial times. Through a quick and transparent process, Edwin was able to secure funds, ensuring his hospital continued to operate smoothly despite the delays in
NHIF payments. His experience exemplifies how Kifedha’s tailored financial solutions can support both small business owners and individuals facing cash flow issues.

Remember, Kifedha is your go-to solution for fast and reliable financing.
If you’re looking for a quick and reliable financial solution, contact us through our contact form, call us on +254791573231 or visit one of our branches  across Nairobi, Kiambu, Machakos, and Kajiado counties to explore your financial opportunities.