Digital Lenders Association of Kenya (DLAK)

4 Articles
DLAK brings together 25 lenders with over 3 million active customers, including Tala and Branch.
BUSINESS

Loan Apps Lock Out New Customers Over CRB Freeze

Digital Lenders Association of Kenya (DLAK) chairman Kevin Mutiso confirmed that they  will only lend to repeat customers. He argued that provisions on...

The bill was informed by widespread complaints on the unregulated nature of many mobile loan services and the documented exploitative practices of some of the companies
BUSINESSFEATURED STORY

What New Mobile Loans Bill Means For You

The bill places digital lenders under the ambit of CBK much like commercial banks, saccos and micro-finance institutions.

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]
ECONOMY

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...

FEATURED STORY

Mobile lenders proposal to block serial defaulters

[dropcap]K[/dropcap]enyans indebted to more than one mobile lending application will no longer continue to access loans from multiple lenders if a proposal by...