SURVEY

Digital lenders cut loans after Uhuru's CRB listing order

The latest study by DLAK shows it is now lending only Sh1.5 billion compared to Sh4 billion before the directive was issued

In Summary
  • They are lending to only two million people per month compared to a high of four million before October 20
  • 65.5 per cent of payday borrowers repay on time

Digital lending platform borrowers are being starved of cash after President Uhuru Kenyatta's waiver on listing of borrowers with credit less than Sh5 million.

The Digital Lenders Association ...

This article is free to read if you register or sign in.

Simply register at no cost and sign in below to proceed.

Opera Mini does not support this functionality with EXTREME Data savings turned ON. Please disable.


Questions or problems? Email [email protected] or call 0711 046 000.