About Us

FORTRESS LENDERS LTD, hereafter referred to as “Fortress,” is registered under the Company’s Act in the Republic of Kenya, the year 2019 certificate no. PVT-KAUXJED. We are licensed and trade as a Credit only institution as stated in our company memorandum. The Head office is in Fortress Hse, Nakuru County- Barnabas Muguga Opp. Epic ridge Academy. At FORTRESS we exist to enable people to achieve their dreams. This we do through provision of customer centric financial and non-financial solutions. We provide Microfinance and Microcredit products and services in a unique and innovative way. The company was established to respond to the ever-growing need for small business loans. Currently the client base is well over 3000 spread out within Nakuru , Gilgil , Olkalou , Nyahururu and Rumuruti. The company is cognizant of the fact that customers are interested in products that are affordable, diverse and with flexible terms of payment. Fortress therefore undertook to meet these customer requirements and over time, the organization has built a brand that is strong, trusted and appealing. Fortress is interested in seeing our clients start, grow and diversify resulting in increased family income, nutrition, employment and well-being. We achieve this through the provision of financial literacy and business management programs to our clients. To effectively serve its customers and meet their diverse needs. Fortress is structurally organized in a way that it responds to customer’s requirements and needs in a seamless, efficient and effective manner..

FORTRESS MISSION is to provide a full range of financial and non-financial products aimed at improving lives of low income rural and urban communities that will derive great economic impact with increased income levels and restore customer dignity while also increase value for our stakeholders”

FORTRESS VISION is to be the preferred financial institution providing excellent financial and non-financial solutions through continuous innovation and ensuring sustainable growth for all stakeholders.”

FORTRESS LTD operates using sound business principles on an entrepreneurial spirit holding true to our CORE VALUES, which are;

Integrity
Excellence
Prudence
Commitment
Teamwork

FORTRESS LTD is committed to high standards of corporate governance. The organization is responsible to all its stakeholders for good corporate governance; both in principle and practice. FORTRESS LTD has continuously focused on refining key aspects of its business, physical and organizational infrastructure, information technology systems, products, policies and procedures and the focus on customer centricity, resulting in strong and sustained growth in portfolio and outreach.FORTRESS LTD applies the following strategies to keep up with the good corporate governance requirement.

There is a board of Directors (BOD) composed of executive directors and non-executive directors. The strength of the Board is drawn from the wealth of expertise of the members which cuts across relevant fields of interest to the business of FORTRESS LENDERS LTD. The BOD is tasked with the all-important duty to advise the management team in all major decisions, oversight on formulation of policies and business strategic focus. The Board also advises the Management with regard to Risk, investment, strategic planning as well as oversight on operational and financial management to ensure that the stakeholders’ expectations are met. The BOD meets once per quarter or when it is deemed necessary to meet. The Board meets to review and deliberate on the Management performance on the key performance indicators (KPI), Risk issues, Portfolio growth, strategic focus, policies as well as brand image.

Board Committees

The Board pursues and fulfills its mandate through committees. The committees within the Board include the following:

The Audit and Compliance committee.
The Investment committee
Credit committee
Special committee. Complaint committee

Organizational Structure

There exist very clear lines of authority and reporting within FORTRESS LTD where competent staffs have been recruited through a rigorous recruitment process. One of the key human resources goals is to ensure that staffs are developed through training, on-thejob induction sessions and skills impartation. The human resource Training needs is identified through a “training need assessment” (TNA) exercises that aim to ensure staff acquire the required skills for them to fulfill their responsibilities efficiently and enable the Company to meet its customer needs adequately.

Information Systems

FORTRESS LTD has invested in robust information system software that serves its business lines effectively. This IT software is outsourced and internally customized to meet the unique needs of the Organization.

Compliance With Regulations

FORTRESS LTD is keen on adhering to all regulatory requirements. We are guided by the various statutes which include but not limited to; The Constitution of Kenya, the Company Act, County Government laws and regulations as well as Employment Act among other laws

Internal Controls

Fortress Lending system of internal control consists of policies and procedures designed to provide management with reasonable assurance that the company achieves its objectives and goals including:

Reliability of financial reporting
Compliance with applicable laws and regulations
Effectiveness and efficiency of operations

Issues relating to internal control environment that the management evaluates periodically include:

Integrity and ethical values
Commitment to competence
Board of directors and audit committee
Management’s philosophy and operating style
Organizational structure
Assignment of authority and responsibility
Human resource policies and practices

We have developed a very innovative organizational structure that set a new standard for the microfinance industry which allows us to mobilize private and commercial capital while keeping true to our mission. We deliver a real “double bottom line” that is we deliver on positive social impact and financial sustainability. Today, year 2023, Fortress Lenders Ltd has grown into a regional network spanning five regions and serving over 2000 people. Fortress Lenders Ltd offers an array of financial products and services to its clients. Our products and their terms are adapted to each market context so we may achieve our mission, get to see our vision and also run sustainable operations.

Team

Profile of the board.

JAMES NDEGWA

Executive Director

ANN WAIRIMU

Human Resource

DAUDI NGONDE NDAMBUKI

Chief Executive Officer

Mr. ALLAN LIBESE

Head of ICT

INVESTOR RELATIONS

Ensuring our products meets their needs and do not cause harm.

SHAREHOLDING

Through the PPO (Private placement offers) one can acquire our shareholdings at Ksh. 5/=. We offer a minimum of 100,000 shares, therefore the minimum investment by way of shares is Ksh.500,000/=

INVESTMENT PACKAGES

Achieve your investment goals by choosing investment options at Fortress Lenders Ltd.Enjoy high and guaranteed returns.Select your investment product and start investing today

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REFERRAL POLICY

Join our referral program for a chance to build up a network and earn money by way of referral…We are keen on creating credible partnerships with individuals who have skills in network marketing. We have referral programs that would see you make income with your downlines, the referrals.

Fortress Investor Program Features

Monthly interest payout
Your investment package will serve as a security for you to access a loan with us
Investment portal where you will be able to access all the company progress reports and also watch your investment grow
Professionally managed investment portfolios. Investments at FORTRESS LTD are professionally managed through our investor relations department. This department is mandated to secure the investors interest within the company

Fortress Expansion Program- Geographical

We have in place a well laid plan on geographical diversification strategy, an executable plan that will enable the company to penetrate new markets all in the aim of increasing reach to our target clients,creating new revenue streams and achieving the desired growth. Our current regions of operations are Nakuru(barnabas), Gilgil, Olkalou, Nyahururu and Rumuruti. The company has conducted market assessment of the regions stated below and will periodically send scouts to confirm our findings till the moment we set base on these towns and regions. the plan is to roll-out our services into the following towns

Naivasha town
Nanyuki town
Engineer Town
Meru county
Baringo county
Machakos county
Nairobi county

Fortress Expansion Program- Market share expansion

In the markets that we serve, The active target market for the microcredit sector in the target operation areas is Gilgil 10,830, Nakuru 49,653, Ol Kalou 47,648, Nyahururu 11,353 and Rumuruti 9,781 citizens. We have barely taken up 2.5% of the market share. With proper resources we intend to accommodate between 10% to 15% share of the market. These primary markets in consideration are growing and stable. A higher market share will guarantee us more sales, more impact will be witnessed to the widened scope of clients and the expansion would also form barriers to new entry of competitors. For social impact, we intend to plant and nurture a minimum of 1000 trees within the geographical areas of operation every 3 years.

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FORTRESS LENDERS LTD