Musoni is derived from “M-usoni” where “M” stands for Mobile and “usoni” is the Swahili word for Future, hence Mobile Future.
Musoni was born out of a desire to improve both the quality and accessibility of financial services available to poor and unbanked Kenyans. The Company was incorporated in 2010, setting up its first branch location in Zimmerman, Nairobi with a vision is to be the most efficient microfinance institution in Kenya by being cashless, paperless and data-driven to offer the best value, most flexible and most customer-oriented financial services in the market.
Musoni is the first MFI to go 100% mobile, enabling clients to repay their loans and savings using MPESA. The company is also the first MFI in Kenya to introduce Digital Field Applications (DFA) for client registration and credit underwriting.
We are using technology to bring financial inclusion to a massive market that has been left behind by traditional microfinance. The efficiency savings realized by the technology features enable Musoni to provide the best value loan products in the market.