Digital Credit Providers Stories
CBK statistics show that default rates drop as the size of the loan increases, with loans between Sh1,000 and Sh5,000 showing a 69.4 per cent non-perf...
The licensing brings the total number of regulated digital credit providers (DCPs) to 153, following the approval of 41 additional providers in June 2...
Despite their current challenges, most respondents said they do not intend to default permanently, expressing fear of being blacklisted by the Credit...
In a statement on Thursday, CBK said the approvals are part of an ongoing review of over 700 applications it has received since March 2022.
The Bill proposes the removal of definitions such as digital channel, digital credit, digital credit business, and digital credit provider from the Ce...
The move brings to 85 the total number of licensed digital credit providers in the country.
CBK said the move will intensify competition in the lucrative digital credit industry, providing more options for Kenyans seeking digital loans.
The Data Protection Commissioner, Immaculate Kassait, noted a drastic decline in complaints against financial service providers since the introduction...
The CBK received over 480 applications for licensing as firms rushed to comply with the Act.
