Nimble Group, one of the largest credit management businesses in Africa has officially launched in the Kenyan market.
The entry of Nimble Group comes at a time when the demand for credit across the East African region continues to rise as more people seek to access credit while financial institutions grapple with ways on how to reduce their non-performing loans.
The fully owned subsidiary of Nimble Group South Africa which operates across Southern Africa has offices in South Africa, Namibia, Botswana, Ghana and has been in the Kenyan market since January 2016. Nimble Group hopes to use the Kenyan market to penetrate other neighboring countries which it says has great untapped potential.
Speaking during the opening of the Kenyan office, Nimble Group Chief Executive Officer, Mr. Rowan Gordon affirmed that they are ready to do business with credit grantors across the region and the Kenyan office will offer a perfect gateway to East African Market.
“We are delighted to create a presence in Kenya where we see great potential for debt collection and advisory services. Our extensive experience in credit management has given us the much needed impetus to enable financial institutions be able to recover debts in an efficient and cost effective”, Rowan said.
The move, according to Nimble Group, will see the group grow its African footprint as it positions itself as a niche service provider and asset manager focusing on special opportunities and distress.
“Over the years, we have distinguished ourselves as the leader in the debt collection industry. Our commitment is focused on improving the client’s cash flow position by reducing the level of bad debts through prompt and effective debt recovery services”, he added.
Nimble group boasts of over 100 years of collective management experience in debt collections, restructuring turnaround and NPL investing and has seen it work for major clients like Old Mutual, MTN, First National Bank (FNB), Stanbic, Vodacom and Barclays among others.
With over 1,800 employees spread across the African continent and an excellent customer service in place, Nimble Group brings to Kenya the much needed synergies to transform the debt collection process. Its robust IT system promises to transform the way businesses track their debtors as well as giving them real time feedback on customer statuses and queries.
The entry of Nimble Group in Kenya will ultimately tilt the scales as the services of debt collectors across the country continue to become highly sought after by banks, insurers, businesses and individuals, following a revolution in financial services and a shift in attitudes towards business and debt.