Page 3 - Microfinance Act News Today

Over four million digital loan defaulters will be expunged from the blacklist of borrowers effective November 1.

NAIROBI, Kenya, Sep 23 – The High Court in Machakos has dismissed a case by a micro lenders' lobby challenging the CBK Act 2021 which subjects Digital Kenya breaking news | Kenya news today |

ALTHOUGH the country has recorded the decreased number of Savings and Credit Cooperative Societies (SACCOS) during the first quarter of this year, compared with similar quarter of last year, northern zone has beat all the odds by increased numbers.

The ANC says it will place more focus on infrastructure development and improving the fortunes of small businesses in the country.

MFBs have endured over six years of losses and last year was no different even as several of them welcomed new investors to try and stem the poor performance.

He was an economic genius in brainstorming ideas and razor-sharp, coming up with cutting-edge policies that largely transformed the nation.

Branch International, a digital lender has acquired Century Microfinance Bank in its latest expansion drive. With this move, it becomes first digital lender to expand into the microfinancing banking market,…

Digital lender Branch International will provide loans to gig workers in Kenya following its acquisition of Century MFB, a local microfinance bank.

Parliament has backed a Bill that will compel saccos to share information with CRBs in what promises to expose hundreds of thousands of defaulters.

Five out of the 14 microfinance banks licensed by the Central Bank of Kenya are being acquired by foreign firms.