mobile loans

8 Articles
The average interest rate charged on a 30-day digital loan ranges from 20% to 30% depending on the perceived risk profile of the borrower.
BUSINESSECONOMYFEATURED STORY

How Mobile Loans Will Change if Finance Bill Succeeds

How bad will it actually be for digital lenders and what does it mean for you? In this article, we break down the...

KCB Vooma product
FEATURED STORY

End of KCB Mobiloan Marks Beginning of Costly Credit

KCB says the decision has been made to ensure fast, flexible, and reliable borrowing services. 

Trade in cars dealers www.businesstoday.co.ke
SMART MONEY

Trade-in Your Old Car For a New One and Get Financing

Under the arrangement, Mwananchi Credit pays the difference in price between old and new vehicles and the car owner repays in installments.

FEATURED STORY

Tala marks 5th anniversary

When Tala (formerly Mkopo Rahisi) launched in Kenya in 2014, it was the first in the world to offer unsecured mobile lending direct...

FEATURED STORY

Five banks sign up to pilot mobile loans app for MSMEs

Four banks have signed up for a mobile facility that would offer Micro, Small and Media Enterprises (MSMEs) loans at an interest of...

SMART MONEY

Digital lenders should self-regulate before Big Brother moves in

There is growing concern over the increasing number of unlicensed and unregulated financial products

FEATURED STORY

Govt moves to regulate fintech-fuelled lending craze

New Draft Bill says digital lenders will be licensed by a new Financial Markets Conduct Authority and that lenders will be bound by...

FEATURED STORY

Mauritian firm invests Sh9b in mobile product financing

With a maximum simple interest rate of 4% per month on the financing and a loan range of up to Ksh 350,000 for...