digital loans Stories

Loan defaults surged to 17 per cent in 2024 due to tough business climate - CBK
Alfred Onyango  |  Aug 13, 2025

In the period under review, gross loans issued by banks decreased by 2.7 per cent to Sh4.07 trillion from Sh4.18 trillion in 2023.

More women turn to digital loans as smartphone use spurs financial inclusion
Maureen Kinyanjui  |  Aug 13, 2025

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.

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...

CBK expands list of licensed digital lenders as review of 700 applications continues
Lucy Mumbi  |  Jun 05, 2025

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.

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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