Before she thought about starting a capital lending business, Wanjiku Wambugu had gone through formal employment and a series of business wins and failures in equal measure.
It was like going through a roller coaster and she did not like the ending or having to wake up on most mornings with a tight knot in her stomach wondering where she would source cash for a lucrative order.
Ms. Wanjiku is a tenacious woman who knew where to put her money and when to hold on.
Nyali Capital Ltd was started with one goal. To assist small businesses with ongoing capital to fund struggling businesses as well as upcoming entrepreneurs with limited access to commercial loans.
Nyali Capital was started in 2013 with only a handful of customers and a few reliable marketers to sell the product to small entrepreneurs within Mombasa Island.
Non-deposit-taking microfinance is one of the few institutions that have taken a bold step to aid micro and small entrepreneurs to grow their businesses. The company offers credit facilities to the business community against sound bookkeeping and accounting records that portray a steady income flow