digital lenders Stories

The bulk of the revenue came from the earlier Digital Service Tax (DST), which was introduced in June 2020 at 1.5 per cent of gross turnover before be...

The Central Bank of Kenya raised the base lending rate to 13 per cent in February 2024 and maintained it until August, driving some commercial lenders...

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...

Tala’s report reveals that 26 per cent of all borrowers accessed digital credit for the first time, with women making up most of this group.

The proposed rules address key areas such as transparency in loan agreements, responsible use of customer data, effective complaint resolution, and fa...

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

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

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...

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

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