Digital Lenders – Urban Kenyans

Unregulated mobile lenders barred from using CRB services

Last Updated on: April 28, 2020 by Val Lukhanyu

Unregulated mobile lenders have been barred from using the Credit Reference Bureau (CRB) by the Central Bank Governor Patrick Njoroge. The lenders will not be able to access the creditworthiness of a potential borrower. The delisting follows numerous user complaints of the misuse of the services. For instance, there are a number of them that … Read more

Digital lenders waive late repayment fees for customers

Last Updated on: August 16, 2020 by Val Lukhanyu

Members of the Digital Lenders Association (DLAK), which represents 17 major digital lenders in the Country, have today agreed to waive the late repayment fees as part of the measures to support customers. 2020 has had a significant impact on business including digital lenders, both small and medium entities. Especially for those people who do … Read more