digital lenders in kenya

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

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

The Central Bank of Kenya (CBK) on Monday, January 30 announced the licensing of 12 more digital credit providers, bringing the total number...

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...

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

A bill introduced in Parliament aiming to rein in predatory lending by digital lenders has been cleared by the House. The Central Bank...

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 ARTICLE

Tiny Details That Make Mobile Lenders Deny You Loans

If you borrow money from some mobile lending applications between 7pm and 7am, you will probably come up empty, thats because research conducted...