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A borrower receives a micro loan from Tala, a dominant digital lender in Kenya. Loan sharking tendencies by some mobile lenders are becoming a deterrent to people who would be interested in taking credit. www.businesstoday.co.ke
SMART MONEY

5 Ways to Pay Off Mobile Loans Quickly

Living in a country where unsecured loans are dished out by mobile money apps, it is easy to find yourself with huge debt. If...

ENTERPRISE 101

Why You Should Get a Small Business loan

Early this month, before the blessings of the long awaited rain started beating the dry dusty grounds, Interior Security Cabinet Secretary Dr Fred...

SMART MONEY

KCB M-Pesa: The loans service that pays back

Unlike most credit providers, KCB M-PESA has been enhanced to include various savings products

FEATURED STORY

Kilifi woman sues KCB over Sh36,000 saga

The money involves a Ksh3.3 million loan

SMART MONEY

Keroche owner’s daughter implicates KTN’s Linda Ogutu’s boyfriend in Sh19m ‘fraud’

Annerlisa Muigai also denies claims that Ben Kangangi, the man who she borrowed money for was her boyfriend, instead, saying she met him...

SMART MONEY

Questions you must ask before you guarantee a loan

Before you guarantee a loan, ask the credit provider the following questions. Q. What type of loan am I guaranteeing? Be very careful...

SMART MONEY

Things you must know before guaranteeing any loan

LOVE & LOANS [dropcap]H[/dropcap]as a family member or friend asked you to be a ‘co-borrower’ or guarantee a loan for them? Before you...

FEATURED STORY

Kenyan billionaire to pay Sh25 million loan he guaranteed a friend

Equity Bank founder Peter Munga's Sh400 million estate has been slated for auction by Jamii Bora Bank after the borrower defaulted on the...

SMART MONEY

Use this simple loan calculator to get the cheapest cost of credit

Here is a breakdown of the simple loan calculator on the Cost of Credit  homepage. It has all the banks in Kenya included,...