Digital Lenders
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Finance
Digital lenders to disclose funding source in move to fight money laundering
Following the gazettement of the Central Bank of Kenya (CBK) Regulations, Digital lenders will now be obliged to provide information…
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Economy
Mobile lenders to inform borrowers of listing with CRBs month prior
Digital lenders are now required to notify loan defaulters a month prior, before presenting their names to the Credit Reference…
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Economy
CBK commences regulation of digital lenders
All digital lenders within the Kenyan market space will start being regulated effective December 23, 2021, the Central Bank of…
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Economy
How digital lending illiteracy among Kenyans is foiling their financial stability
In April 2013 when President Uhuru Kenyatta was sworn in, Kenya’s total public debt was just Ksh.1.8 trillion. If the…
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News
How 12-month CRB freeze will affect households depending on quick loans from mobile lenders
Digital lenders have stopped giving loans to customers who are not in their database over continued freeze out of the…
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Finance
MPs move to stop digital lenders from “debt shaming” Kenyans
The National Assembly Committee on Finance and National Planning now wants digital lenders who share borrowers’ information in contravention of…
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Economy
MPs move to spare mobile lenders from capital rules
Mobile lenders, also known as digital lenders will not be subjected to minimum capital and liquidity requirements as the Central…
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Markets
Fast-rising digital lending sector still remains untapped, study shows
The uptake of digital credit services in Kenya continues to experience explosive growth since the launch of M-Shwari in 2012…
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