digital loans Stories
The report highlights that most borrowers seek these loans for survival rather than investment.
In February 2025 the lending margin rose to 6.65 percent, up from 6.59 percent in January and 6.44 percent in December.
HELB has periodically introduced such waivers to encourage loan repayment among former beneficiaries who have struggled to meet their financial obliga...
Treasury Cabinet Secretary John Mbadi revealed that these unutilized funds continue to accrue commitment and interest fees.
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
Monari takes over from Charles Ringera, whose decade-long tenure ended in December last year.
Slightly over one-third of Kenyans have increased their borrowing, a trend that aligns with rising living costs and delays in income.
Legislators questioned the Treasury’s commitment to reducing public debt and adhering to its own policies.
It was found that the department has no internal information management system to handle loan records, disbursements, repayments, withdrawals of savin...
The Commodities Fund recorded the highest loan defaults, writing off Sh12.36 billion in loans extended to sugar companies.
Findings indicate that thousands of borrowers were either below the legal age of 18 or had not yet been born when the funds were disbursed.
Inyangala warned that students and their families, particularly those from middle- and low-income backgrounds, would bear a greater financial burden.
These loans, arguably, help the country address challenges such as budget deficits, maintaining public debt sustainability and alleviating foreign exc...
The revelation underscores the cash flow pressures the government faced leading up to the 2024 tax proposals that triggered countrywide protests.
In its latest assessment of the 2025/26 budget proposals, the PBO called for urgent measures to ensure the efficient use of borrowed funds.
The move follows amendments to financial sector laws late last year when the President signed the Business Laws (Amendment) Bill into law.
This announcement follows the CBK's latest reduction of its benchmark lending rate by 50 basis points, bringing it to 10.75 per cent from 11.25 per ce...
The CS confirmed the release and noted that each student will receive between Sh40,000 and Sh60,000.
