The suspension comes as the Treasury works on transitioning the scheme to a new public-private venture, the Kenya Credit Guarantee Scheme Company (KCG...

Principal repayments exceeded Sh500 billion in the past year alone, highlighting Kenya's growing debt burden.

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.