Digital Lenders
CBK Licences 10 More Digital Lenders – Here’s The Full List
The Central Bank of Kenya (CBK) has licensed 10 Digital Credit Providers (DCPs), which brings the total number of licenced digital lenders to...
BT Reporter1 Mins read
Digital Lenders Association Rebrands To Digital Financial Services Association Of Kenya
The Digital Lenders Association of Kenya has rebranded to Digital Financial Services Association of Kenya (DFSAK) as the association reported disbursing over Ksh500...
BT Reporter1 Mins read
Dįe Cast For Digital Lenders As CBK Gazettes Rules
Tens of digital lenders in Kenya could be out of the market in six months after the Central Bank of Kenya (CBK) gazetted...
BT Reporter1 Mins read
![A mobile loan app. [Photo: REUTERS/Thomas Mukoya]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2021/12/mobi.jpg?fit=680%2C450&ssl=1)
How Regulation Of Digital Lenders By CBK Will Benefit Players, Borrowers
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously unregulated digital money lenders....
BT Correspondent3 Mins read
Writing On The Wall For Digital Lenders As CBK Swings To Action
Digital Credit Providers (DCP) famously known as digital lenders or mobile loan apps have been given up to January 21, 2022, to register...
FRANCIS MULI1 Mins read
![Among other things, digital lenders have been accused of exploitative lending, debt shaming, money laundering and illegal mining of private customer data. [Photo/ Cathryn Virginia | NBC News]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2021/07/earnin.jpg?fit=680%2C381&ssl=1)
Digital Loans to Flow Once Again as CBK Backs Apps’ Return to CRBs
The suspension of digital lenders from CRB reporting had seen a massive decline in the volumes of loans they issued. According to the...
MARTIN SIELE2 Mins read
Digital Lenders Elect New Chairperson
New Chairperson has previously served as a member of the board since the establishment of the association in 2019
BT Reporter2 Mins read
Millions of Kenyans Struggling to Pay Loans Face CRB Monster
According to the survey 10% of households reported they are unable to service loans at all, with another 13.6% falling behind in payments.
BONIFACE KASEMBELI2 Mins read
Digital Lenders Waive Late Repayment Penalties For Borrowers
17 major mobile lenders agree to put brakes on micro-loans collection during the Coronavirus outbreak period
BT Correspondent1 Mins read
