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

Digital lenders will be required to comply with a raft of new licensing provisions by August 2022 as the Central Bank of Kenya...

A Kenyan clutching a smartphone. CredoLab has launched in Kenya seeking to ‘drive financial inclusion’ by credit scoring more people. www.businesstoday.co.ke
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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...