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 in the country under the banner of Digital Lenders Association of Kenya (DLAK) have announced plans to only lend to its...

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 ARTICLE

What New Mobile Loans Bill Means For You

The National Assembly Finance and Planning Committee has approved the state-backed Central Bank Amendment Bill 2021, a proposed law which seeks to bring...

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

Central Bank of Kenya (CBK) Governor Patrick Njoroge has called for digital lenders to be allowed to resume reporting loan defaults to Credit...

FEATURED ARTICLE

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...