HomeTagsMobile loans

Tag: mobile loans

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 tax changes introduced by the Bill on DCPs and how they are going to affect you.

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 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.

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 to consumers. Since then, Tala has expanded credit access across Kenya by using alternative data to instantly underwrite and disburse credit...

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 9% per annum. The mobile credit scheme, known as Stawi, will initially be managed by Commercial Bank of Africa (CBA), Cooperative Bank...

Digital lenders should self-regulate before Big Brother moves in

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