digital lenders in kenya

4 Articles
Since March 2022, 381 lenders have applied for CBK licenses to comply with new regulations. [Photo/ Standard]
BUSINESSFEATURED STORY

CBK Licenses 12 More Digital Lenders – See All 22 Licensed So Far

The latest update by CBK comes against the backdrop of frustration from digital lenders who are yet to receive their licenses, and face...

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.

A smartphone user in Kenya. Many Kenyans use digital lending services to access loans, despite numerous pitfalls.
BUSINESSECONOMYMARKETSTECHNOLOGY

Mobile Loans: New Bill Changes Lenders’ Playbook

The ease of sending and receiving funds via mobile money in Kenya, as well as the country's relatively high internet penetration rate have...

A Kenyan clutching a smartphone. CredoLab has launched in Kenya seeking to ‘drive financial inclusion’ by credit scoring more people. www.businesstoday.co.ke
FEATURED STORY

Tiny Details That Make Mobile Lenders Deny You Loans

Kenyans wonder how digital lenders determine credit worthiness, well this is how