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...

End of KCB Mobiloan Marks Beginning of Costly Credit

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

BT Reporter2 Mins read

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

BT Reporter2 Mins read

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

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

BT Reporter3 Mins read

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

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

REUTERS4 Mins read

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