5 Ways Ruto's Government Changed Normal Operations
The programme was agreed upon by the commercial banks, microfinance banks, and mortgage finance companies that offered loans to mobile phone users.
Source: kenyans.co.ke
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65 per cent of Kenyan adults sign up for Hustler Fund in loans rush
More than 65 per cent of Kenyan adults have signed up for the State-backed Hustler Fund, revealing the growing appetite for cheaper digital loans.
Source: businessdailyafrica.com
Debt Slavery in Kenya on Fintech Explosion
Debt Slavery in Kenya on Fintech Explosion. This project focuses on the plight of poor Kenyans who have been trapped in debt by the explosion of fintech in the East African country. For example, borrowings from the regulated Safaricom’s mobile...
Source: pulitzercenter.org
About building efficient credit markets
From setting up industry standards for credit reporting, to educating borrowers and lenders about credit reporting, the to do list for the association is endless
Source: monitor.co.ug
CBK asks banks to consider other loans pricing metrics
The Central Bank of Kenya (CBK) has asked lenders to consider other metrics in addition to a borrower’s credit score to offer appropriately priced credit.
Source: businessdailyafrica.com