Search Result for 'digital lenders'

Digital lenders have recently been experiencing delayed loan repayments and decreasing demand for new credit, a trend that they associate ...

The Central Bank of Kenya (CBK) recently licensed an additional 19 Digital Credit Providers (DCPs), bringing the total of licensed ...

Kenya's digital lenders have responded to regulatory changes by raising the minimum loan amount to above Sh1,000. This adjustment comes ...

Back in 2021, CBK Amendment Bill, 2021 was signed into law by the former President of Kenya Uhuru Kenyatta. This meant ...

As we had reported before, the CBK Amendment Bill, 2021 has since been signed into law by the President of ...

The whip is cracking, and it is doing so loudly across the African continent on rogue digital lenders, out of ...

Digital lenders' woes are adding up as The Data Protection Commissioner goes after those who have been engaging in debt ...

Digital lenders will have to operate under the same laws that bind the business of commercial banks, once all the ...

There a ton of mobile lending apps out there; and they have thrived because the online lending space is unregulated, ...

We are hoping that soon, predatory digital lending apps will be a thing of the past if the proposed CBK ...

Digital lenders are opposed to the rate cap plan that was proposed by the Central Bank as reported by the ...

Yesterday, the Central Bank of Kenya announced that they will bar unregulated mobile-based and credit only lenders from providing information ...

Today, the Central Bank of Kenya has announced that they have terminated access to the credit reference bureaus (CRBs) to ...

The mobile lending space in Kenya has grown significantly. Every other month or week, a new mobile loan app finds ...

The success of mobile lending apps is, admittedly, attributed to the foundation laid by M-PESA services. It is, perhaps, the ...

The discussions around mobile lending apps and their overall benefit to the Kenya user have been explored exhaustively. The apps ...

The Central Bank of Kenya (CBK) has granted operating licenses to 7 new Digital Credit Providers (DCPs). This latest batch ...

Farmers in Kenya primarily access credit through banks, Savings and Credit Cooperative Societies (SACCOs), informal lenders like friends and family, ...

Digital Loans are popular in Kenya and this has led to increase in lending companies. On March 21, 2022, Central ...

Digital loan apps have been undergoing a lot of scrutiny from regulators such as the Central Bank of Kenya ever ...

This week, we extensively discussed the state of digital lending apps in Kenya, and the consensus is that the companies ...

Digital lenders have been in business for an extended period, but their operations have since been halted by the Central ...

At the start of the new Kenyan administration, President Ruto announced that he would see that people who have been ...

Two things have happened today: the CBK has announced that only 10 digital lenders have been licensed to run their ...

Digital lender Branch has announced that it has acquired Century Microfinance Bank. The development means that Branch is the only ...

President Kenyatta has signed into law the Central Bank Amendment Bill, 2021. The development means that the CBK has the ...

Digital lenders have offered their services to Kenyans for a long time without any kind of regulation from the CBK ...

The journey to regulating the digital mobile space by the VBK started a long time ago. Precisely, we can point ...

A couple of days ago, I was having a chat with a friend about the number of online lenders that ...

In this article, we discuss everything you need to know about licensed mobile loan apps in Kenya. It is the ...

Digital lending in Kenya has grown over the years. Digital lenders offer loans to Kenyans primarily via mobile apps and ...

Due to a tanking economy and high taxation, Kenyans often need loans. The many loan providers operating in Kenya need ...

The Office of the Data Protection Commissioner (ODPC) has issued two penalty notices against WhitePath Company Limited which offers online ...

Loan apps are a big thing in Kenya, and for good reason: they offer effortless credit to cash-strapped customers with ...

Online lender Tala, which is one of the 22 approved digital lenders in Kenya has granted Kenyans over 3.5 million ...