As the race towards the general elections in Kenya heats up, Mwananchi Credit has launched a special ‘political fund‘ to offer political candidates...
Micro Small and Medium Enterprises (MSMEs) are central to Kenya’s economy as they provide jobs to over 15 million workers and contribute to...
Overselling of loans is to blame for Kenya’s poor savings culture, as the country’s savings ratio is still lagging behind its peers at...
Sanlam Kenya PLC has announced that it has restructured its foreign currency-denominated loan into local currency facility. The disclosure made alongside its half-year...
Mwananchi Credit is reviewing downwards its risk profile to accommodate more people in the emergency financing solutions. Mwananchi Credit was the first and...
Sidian Bank Q1 2021 Profit: Sidian Bank recoded a net profit of Ksh114 million in the first quarter ending 31 March 2021, a...
Data by Metropol shows that the number of loans accounts in arrears for more than 90 days jumped to 14,035,718 by January this...
According to the survey 10% of households reported they are unable to service loans at all, with another 13.6% falling behind in payments.
Credit providers have tightened terms and conditions to lockout borrowers perceived to be high-risk, while others have suspended lending.