4 Million Borrowers Freed From CRB To Escape With Safaricom Loans
Safaricom Chief Executive Officer (CEO) Peter Ndegwa has announced that the telecommunications firm is planning to remove four million customers who have been blacklisted and listed on the Credit Reference Bureau (CRB) in a move likely to hit the mobile operator as most borrowers are likely to get away with loans.
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 industry lobby - the Digital Lenders Association of Kenya (DLAK) - the value of loans issued each month fell by over 50% to Ksh2 billion.
CBK Governor on Harnessing the Promise of Digital Finance
Harnessing digitalization to develop a citizen-centric financial system to accelerate financing for the SDGs requires the development of digital financing ecosystems
New Loan Product Offers a Lifeline to Squeezed Borrowers
Switch and Save enables customers unable to reach favourable terms with their lenders to transfer the credit facility to Mwananchi Credit.
Mwananchi Credit Offers Interest-Free Loans to Cushion Kenyans Amid Covid-19 Fears
Existing customers servicing their loans will get rebates on repayment for one month, meaning they won’t pay interest for at least one month.
Private Equity Has Failed Sub-Saharan Africa
Yet the reality is that it may be the approach being taken by Sub-Saharan Africa’s PE investors that is causing them such poor returns.