mobile loans
Kenyan Mobile Loan Defaults Surge as Digital Borrowing Rises
A new report from TransUnion Kenya highlights a sharp rise in individuals failing to repay digital borrowing dues, prompting calls for greater awareness...
OORO GEORGE2 Mins read
How Mobile Loans Will Change if Finance Bill Succeeds
As the Finance Bill 2023 moves to Parliament following the conclusion of public participation, the anticipation on what it means for the future...
BUSINESS TODAY6 Mins read
End of KCB Mobiloan Marks Beginning of Costly Credit
KCB Group, the most profitable lender in Kenya, had decided to kill its Mobiloan product and replaced it with its freshly-minted Vooma loan...
BT Reporter2 Mins read
Trade-in Your Old Car For a New One and Get Financing
Mwananchi Credit Ltd, the leading micro-lender in Kenya, has expanded its asset-financing loan service to include financing trade-in of cars. Mwananchi Credit says...
BT Reporter2 Mins read
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...
BT Correspondent2 Mins read
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...
BT Reporter3 Mins read
Digital lenders should self-regulate before Big Brother moves in
Thanks to the strategic alignment to the global technological revolution, Kenya has one of the most effective digital lending access rates especially to...
PHYLLIS KAMAU3 Mins read
Govt moves to regulate fintech-fuelled lending craze
[dropcap]K[/dropcap]enya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to...
REUTERS4 Mins read
Mauritian firm invests Sh9b in mobile product financing
Mauritius-based Cim Finance has launched a one stop mobile app “Aspira” for product financing for assets such as furniture, phones, and electronics amongst...
BT Correspondent2 Mins read
