Lenders face sanctions for failure to loan borrowers with negative credit history
Over four million digital loan defaulters will be expunged from the blacklist of borrowers effective November 1.
Source: theeastafrican.co.ke
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Court dismisses petition challenging regulation of micro lenders
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 |
Source: capitalfm.co.ke
Northern zone records highest increased number of SACCOS
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.
Source: ippmedia.com
SMMEs, energy security and job creation are some of ANC's priorities ahead of its policy conference
The ANC says it will place more focus on infrastructure development and improving the fortunes of small businesses in the country.
Source: timeslive.co.za
Big ask for new investors in ending microlenders' streak of losses
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.
Source: standardmedia.co.ke