AAR Credit Services Limited (now FinCredit Limited) was our partner in a 250 million KES commercial paper program. AAR Services Limited was established in 2000 as a subsidiary of the AAR Group of Companies and is a credit only microfinance institution. The company offers products such as, AAR Insurance Premium Finance, Asset Financing and SME/Employee check-off loans amongst others.
Alios Finance Kenya was our partner in a 300 million KES commercial paper program. Incorporated in 1956, Alios Finance is a non-bank, pan-Africa asset finance company specializing in auto leasing. Alios Finance provides financial solutions through a range of products such as operational and financial leases.
ASL Credit Limited is our partner in 1.5 billion KES commercial paper program and a 500 million KES medium-term note program. Founded in 2007, ASL Credit is part of the RAMCO Group of Companies. The company offers hire-purchase financing mainly for vehicle and industrial machinery. Further, the company was ranked 23 rd in the top 100 mid-sized companies by KPMG In 2014.
ASL Limited has been our partner in a 500 million KES commercial paper program. ASL Limited, formerly known as Associated Steel Limited, was incorporated in 1976, and is part of the RAMCO Group of Companies. ASL Limited now comprises four divisions: Trading Division, Steel Division, Heavy Fabrication Division and the Wire and Cables Division.
Mogo Auto Kenya is a part of the Eleving Group, an international fintech company operating in 14 countries in 3 continents. The company specializes in used auto and new boda-boda logbook loans. The company focuses on productive lending meaning it primarily finances vehicles for customers to earn a living or increase income from existing businesses.
In June 2022, Dry Associates arranged and placed a KES 1 billion multicurrency program of 6- and 12-month notes. In June 2023, it was expanded to KES 2 billion and continues to date.
In June 2023, Dry Associates also launched a separate 3-year note program. In January 2025, we converted the program from a private offering to a Restricted Public Offer allowing more investors to participate in the offering. The program is secured by Mogo’s European parent and loan collateral. The program is credit rated A-
AAR Credit Services Limited (now FinCredit Limited) was our partner in a 250 million KES commercial paper program. AAR Services Limited was established in 2000 as a subsidiary of the AAR Group of Companies and is a credit only microfinance institution. The company offers products such as, AAR Insurance Premium Finance, Asset Financing and SME/Employee check-off loans amongst others.