Tag: Digital Lenders

Loan Apps Kenya

Why Okash and Debt Of Shame Are Trending on Twitter

Yesterday, Citizen TV aired a news item about online loan apps or digitized loan sharks that have made the life of many Kenyans very...

CBK Bill Highlights Some Digital Lenders Could Be Laundering Money

We are hoping that soon, predatory digital lending apps will be a thing of the past if the proposed CBK (Amendment) Bill, 2021 will...

Central Bank of Kenya Cracks Whip on Unregulated Digital Lenders By Denying Them CRB Access

Today, the Central Bank of Kenya has announced that they have terminated access to the credit reference bureaus (CRBs) to rogue mobile money lenders. "With...
Mobile Lenders

CBK to Initiate Tougher Rules On a Mostly Unregulated Digital Lending Platform

A couple of days ago, I was having a chat with a friend about the number of online lenders that have come up after...
Mobile Lenders

Kenya’s Finance Ministry to Introduce Regulative Framework for Digital Lenders

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