Tag: Loan Apps

Annstella Mumbi Tala's New General Manager

Annstella Mumbi Takes the Reins as General Manager for Tala Kenya

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Digital lender Tala has appointed Annstella Mumbi as the new General Manager for the Kenya Unit. With a career spanning fintech, EdTech, and venture...
Digital Lenders Association of Kenya, DFSAK

Kenyan Digital Lenders Raise Loan Minimums Above KES 1000

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Kenya's digital lenders have responded to regulatory changes by raising the minimum loan amount to above Sh1,000. This adjustment comes in light of new...
mobile loan apps in kenya without crb

Understanding Genuine Mobile Loan Apps in Kenya – Part 2

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In this article, we discuss everything you need to know about licensed mobile loan apps in Kenya. It is the part 2 on the...
Instant Mobile loans apps in Kenya

Understanding Legit Digital Loans Platforms in Kenya

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Digital Loans are popular in Kenya and this has led to increase in lending companies. On March 21, 2022, Central Bank of Kenya(CBK) announced...
Mpesa associated loan apps dominate digital lending in Kenya

Mobile Loans in Kenya: Safaricom and Partner Products Take Giant Share

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Digital lending in Kenya has grown over the years. Digital lenders offer loans to Kenyans primarily via mobile apps and USSD codes. The quick loans...
Loan Apps Kenya

List of 32 Loan Apps Approved to Operate in Kenya

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Loan apps are a big thing in Kenya, and for good reason: they offer effortless credit to cash-strapped customers with no collateral, a move...
Loan Apps Kenya

Zenka, 9 Others Receive CBK License to Offer Digital Loans in Kenya

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Digital loan apps have been undergoing a lot of scrutiny from regulators such as the Central Bank of Kenya ever since they started abusing...
Loan Apps Kenya

List of 22 Licensed Loan Apps in Kenya, Including Tala, M-KOPA

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We have since discussed the state of digital lenders in Kenya, and how the CBK, among other regulators, have been trying to bring some...
Loan Apps Kenya

Tough Digital Lending Laws Force Debt Collection Agencies Out of Business

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

State of Digital Lending Apps in Kenya in 2023

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Digital lenders have been in business for an extended period, but their operations have since been halted by the Central Bank of Kenya and...
Loan Apps Kenya

22 Loan Apps Yet to Provide Critical Information to Data Protection Office

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A few weeks ago, the Office of the Data Protection Commissioner (ODPC) issued a compliance audit notice to 40 Digital Credit Providers/loan apps. As of...
Loan Apps Kenya

Google Puts Predatory Loan Apps in Kenya and Nigeria on Notice

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Loan apps have not been having a good time for the last couple of months - and that is a good thing. What happened...
Loan Apps Kenya

ODPC To Investigate Branch, Tala, and Others for Personal Data Abuses

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Loan apps have been a menace to a lot of Kenyans. They had been acting illegally for an extended period and it took the...
Loan Apps Kenya

CBK Approves Only 10 Digital Lenders, Here Are Their Names

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Back in 2021, CBK Amendment Bill, 2021 was signed into law by the former President of Kenya Uhuru Kenyatta. This meant that online lenders would...
kenyans cry fould aggressive mobile moneylenders

Nigeria Government Shuts Down Okash and Other Loan Apps for Customer Privacy Violations

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Digital loan apps have been growing over the last couple of years. However, over the last couple of months, the apps have been accused of...
Loan Apps Kenya

Mobile Loan Defaults See A Drop in Mobile Money Subscriptions

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Sector stats for Kenya’s telecoms space have been released by the Communications Authority of Kenya (CA). These are numbers for the first quarter of the...
Loan Apps Kenya

Why Okash and Debt Of Shame Are Trending on Twitter

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

Play Store Listing Shows Kenyans’ Unhealthy Dependency On Conniving Loan Apps

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We have talked about loan apps over an extended period. These services, typically, are popular because they offer credit without any kind of collateral. But...
Loan Apps Kenya

Exploitative Loan Apps Deserve A Quick, Painful Death

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Are you good with your money? Good for you, you are an anomaly. The numbers reveal that thousands of Kenyans are listed by the CRB...
list of loan apps barred by CBK

List of Digital Lenders Denied CRB Access by Central Bank of Kenya

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

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

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

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