digital lenders Stories

Economic hardships, not just high interest rates, driving digital loan defaults among Kenyan youth
Alfred Onyango  |  Jul 10, 2025

Despite their current challenges, most respondents said they do not intend to default permanently, expressing fear of being blacklisted by the Credit...

Kenya moves to shield consumers from online market abuses with tough new bill
Lucy Mumbi  |  Jul 07, 2025

CAK boss David Kem noted that digital platforms have increasingly become hotspots for sophisticated anti-competitive practices, with businesses using...

CBK: Gaps in digital lending sector fuel risk of money laundering, terror financing
Lucy Mumbi  |  Jul 07, 2025

While 71 per cent of digital lenders screen their customers against global sanctions lists and 62.7 per cent offer some form of staff training, only 4...

Kenyans borrow Sh15 billion monthly as financial woes deepen - report
Maureen Kinyanjui  |  Mar 26, 2025

The report highlights that most borrowers seek these loans for survival rather than investment.

CBK approves 27 more digital lenders to offer credit services in Kenya
Alfred Onyango  |  Oct 01, 2024

The move brings to 85 the total number of licensed digital credit providers in the country.

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