Tag: Loan Apps
List of 22 Licensed Loan Apps in Kenya, Including Tala, M-KOPA
We have since discussed the state of digital lenders in Kenya, and how the CBK, among other regulators, have been trying to bring some...
Tough Digital Lending Laws Force Debt Collection Agencies Out of Business
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
Digital lenders have been in business for an extended period, but their operations have since been halted by the Central Bank of Kenya and...
22 Loan Apps Yet to Provide Critical Information to Data Protection Office
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...
Google Puts Predatory Loan Apps in Kenya and Nigeria on Notice
Loan apps have not been having a good time for the last couple of months - and that is a good thing.
What happened...
ODPC To Investigate Branch, Tala, and Others for Personal Data Abuses
Loan apps have been a menace to a lot of Kenyans. They had been acting illegally for an extended period and it took the...
CBK Approves Only 10 Digital Lenders, Here Are Their Names
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...
Nigeria Government Shuts Down Okash and Other Loan Apps for Customer Privacy Violations
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...
Mobile Loan Defaults See A Drop in Mobile Money Subscriptions
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...
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...
Play Store Listing Shows Kenyans’ Unhealthy Dependency On Conniving Loan Apps
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...
Exploitative Loan Apps Deserve A Quick, Painful Death
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 Digital Lenders Denied CRB Access by Central Bank of Kenya
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....
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...
