A huge appetite for quick loans and reduced disposable incomes has seen borrowers take out Sh500 million daily from digital lenders, according to a new report by the Digital Financial Services ...
Kenyans borrow KSh 500 million daily in digital loans, totalling KSh 15 billion per month, with over 8 million active ...
The CBK announced the licensing of 27 additional digital credit providers in October last year, bringing the total number of ...
“In true Keynesian fashion, Kenya punishes savings and lenders ... Men accounted for the biggest proportion of digital borrowers at 60 per cent compared to women at 40 per cent.
“Digital borrowers are almost twice as likely to have ... providers and MFIs that are not regulated by Central Bank of Kenya.
Borrowers have reported aggressive debt-collection tactics from lenders A separate, independent watchdog should be given the power to investigate and penalize predatory lenders.
Speaking at the launch of a new report on digital rights, James Wamathai, Partnerships and Advocacy Manager at the Bloggers ...
A new report has revealed a 7% increase in business ownership in Kenya in 2025, while full-time employment as the primary ...