Topic: digital lenders
Digital Predators
CBK flags 400 digital lenders operating illegally in Kenya offering predatory loans
Dec 04, 2023 at 10:17 PM
Central Bank of Kenya has revealed that there are an alarming 400 digital credit providers (DCPs) operating illegally amid concerns over digital lenders offering predatory loans....
Borrowed Relief
4.2 million blacklisted Kenyans to get huge discount on defaulted mobile loans
Nov 15, 2022 at 02:12 AM
Central Bank of Kenya (CBK) on Monday announced that commercial banks and microfinance institutions will accord 4.2 million mobile borrowers 50 per cent discount on their unpaid lo...
Digital Lenders
Law allowing CBK to regulate digital lenders takes effect
Dec 24, 2021 at 07:28 PM
The law allowing the Central Bank of Kenya (CBK) to regulate digital lenders has come to effect....
