Mobile lending in Kenya

2 Articles
Digital credit services will be required to disclose interest rates, late payment and rollover fees before issuing the loans. [Photo: REUTERS/Thomas Mukoya]
BUSINESSECONOMYSMART BUSINESS

New Rules for Loan Apps as CBK Sets Compliance Deadline

With the new regulatory framework, they will be required to disclose interest rates, late payment and rollover fees before issuing the loans. The...

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