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Mwananchi Credit speaks over allegations Vera Sidika used her Range Rover to get a loan from them


Crediti company Mwanachi Credit issued a statement over the weekend distancing itself from allegations that Vera Sidika secured a loan from them recently.

There were rumors doing rounds that Miss Sidika used her Range Rover as collateral to secure a loan of over three million.

A lady claiming the be an employee of the company reached out to blogger Edgar Obare claiming that she is aware of Vera’s loan acquisition from Mwananchi credit.

Moments later the news went viral forcing Mwaanchi to issue a statement distancing itself from the allegations.

The credit company said Sidika has never been their client adding that they also treat their client details as confidential.

“The facts are as follows: Our client loan accounts details remain confidential between ourselves and the clients. That said, we wish to categorically state that media personality Vera Sidika is currently not and has never been in the list of our clients.” Read part of the statement

The institution further reiterated that it is not wrong for one to take a loan to grow their business.

“All of us, at one point or another, need some kind of financing to grow from one level to another. It is wrong to try to insinuate that someone taking a loan is necessarily a bad thing. We should stop stigmatizing loans. Responsible loans are very critical for growth.” The statement added