Tag: Mobile Loans

Kenyans who owe money on their Hustler Fund loans have a new way to clear their debt: Safaricom's Bonga Points. ...

Kenya's Competition Authority (CAK) just released its annual report for the 2024/25 financial year, and buried inside the usual numbers ...

Kenya has become one of Africa's biggest testing grounds for digital lending apps. Millions of people who could never walk ...

Safaricom's FY26 results confirm what many Kenyan traders already know from experience. Pochi La Biashara has grown from a simple ...

Not long ago, the Central Bank of Kenya was in a very different mood about digital lenders. Then CBK Governor ...

M-Shwari just overhauled how it tracks and recovers loans by implementing a system where your debt follows your National ID, ...

Fintech company Tala is extending its operations in Latin America, with plans to enter Guatemala first, followed by the Dominican ...

Digital lenders in Kenya are changing their approach to microloans as new data reveals a worrying trend of defaults on ...

Between 2022 and 2025, licensed operators issued 5.5 million mobile loans to Kenyans. These loans had a total value of ...

A Hustler Group can be defined as a group of people who come together to obtain a loan from the ...

Kenya's consumer lending market showed mixed signals in the first quarter of 2024, with mobile loans gaining prominence while traditional ...

In light of the challenging macro-economic environment in the country, Absa Bank Kenya PLC customers heavily relied on its lending products. ...

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

Government watchdog, the Competition Authority of Kenya (CAK) launched an inquiry to the  digital credit market in the country. They ...

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

Mobile loans and mobile loans apps have been making a killing in the Kenyan over the last couple of years. ...

Branch, a popular digital finance services app that launched in Kenya in 2015 boasts having over 2 million customers in sub-Saharan ...

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

The growth of online mobile lenders is unique to Kenya for one primary reasons: mobile money services. Mobile loan apps ...

Creditworthiness is how a lender determines how worthy you are to receive a loan and what loan amount you are ...

NIC Bank has introduced mobile loans for its users. This means that customers can now access the insanely popular service ...

With the growth of mobile money services in Kenya and around a few African countries it is only natural for ...

The growth of mobile loans in the local market has seen tremendous leaps as new institutions dive into such businesses ...

Mobile loan apps, payment gateways and other financial services that take advantage of mobile money services and deeper smartphone penetration ...