Tag: digital lenders
4.2 million Kenyans removed from CRB, their unpaid mobile loans reduced by 50% as CBK announces deal
Michael Majanga
The Central Bank of Kenya on Monday, November 14 announced a programme that will see Kenyans blacklisted by CRBs for defaulting on mobile loans pay only 50% of the amount they owe digital lenders.In a bid to improve the credit standing of m
CBK: Law to regulate digital lenders comes into effect today
Michael Majanga
The Central Bank of Kenya (Amendment) Act, 2021 has become effective today (Thursday, December 23).This means that the Central Bank of Kenya (CBK) now has powers to regulate digital lenders, including the powers to license and ove
Kenya inches closer to regulating digital lenders
Reuters
Kenya has moved a step closer to regulating digital lenders after a parliamentary committee backed a law giving the central bank power to regulate them following complaints from borrowers who can pay annualised interest rates of more than 100%.
ZENKA: Digital lending improves credit rating, opens millions of Kenyans to growth capital
TV47
Millions of Kenyans can now access microloans within minutes and consistently build-up their credit history that empowers financial inclusion and opens the doors to larger working capital facilities from other financial institutions, this is accor