digital loans Stories

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.

Not a choice anymore? Why borrowing is becoming a necessity in Kenya
Alfred Onyango  |  Mar 12, 2025

Slightly over one-third of Kenyans have increased their borrowing, a trend that aligns with rising living costs and delays in income.

Kenya’s women entrepreneurs face loan crisis amid digital transition
Maureen Kinyanjui  |  Dec 23, 2024

The report attributes the shortfall to the shift from manual to digital loan applications, which disrupted the usual loan processing cycle.

Wealthy Kenyans using Hustler Fund more than those at the bottom - Report
Lucy Mumbi  |  Dec 16, 2024

Despite the widespread uptake of the Hustler Fund, loan repayment rates have not kept pace, prompting the government to revise the terms of repayment.

10 arrested in Sh449 million scam targeting Fuliza loan platform
Eastleigh Voice Reporter  |  Nov 13, 2024

The suspects allegedly used an extensive network of SIM cards to secure loans that were never repaid, impacting tens of thousands of mobile accounts.

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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