The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.
The latest report by Kenya's most funded fintech, M-Kopa, for instance, indicates that the demand for loans has surged.
The move brings to 85 the total number of licensed digital credit providers in the country.
Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.