The Loan Officer role at Magna Credit Limited is crucial for fulfilling the company's vision of empowering underserved communities in Kenya through accessible and sustainable financial solutions. Established in January 2025, Magna Credit Limited seeks to bridge the gap between traditional banking and the unique needs of individuals and small businesses.
Job Responsibilities
As a Loan Officer, your primary duties will include:
Generate leads, market loan products, and onboard new clients.
Conduct client due diligence, Know Your Customer (KYC) checks, and comprehensive loan assessments.
Educate clients on loan terms, repayment schedules, and contractual obligations.
Provide essential basic financial literacy and business training to borrowers.
Monitor loan repayments diligently and carry out ethical collections.
Conduct necessary field visits to verify client businesses and information accuracy.
Maintain meticulous and accurate records, submitting daily reports via the Super lender system.
Consistently meet challenging monthly disbursement and collection targets.
Requirements & Qualifications
Education and Experience:
Diploma or Bachelor's Degree in Finance, Marketing, Economics, or a related field.
1-2 years' experience in sales, microfinance, or collections.
Key Skills and Attributes:
Strong sales, negotiation, and relationship management skills.
Ability to work independently with minimal supervision.
Willingness to work in rural and underserved areas.
How to Apply
Applications must be submitted not later than 16th January 2026.
Send your CV & Cover Letter to: Email: hr@magnacredit.co.ke.
The email subject should clearly state the position with the job title.
