Digital Loans

Digital Loans
Finance

Upcoming Regulation of Digital Lending

In recent times, the Central Bank of Kenya Governor Patrick Njoroge has noted that there are risks to Kenyans who use their mobile phones to take loans thus a need for regulation in the booming digital credit sector. Whilst many of these small digital credit loans are extremely valuable for people facing emergencies, managing cash […]

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Digital Loans
Finance

Shylocks have gone hi-tech in Kenya

Shylocks have gone hi-tech in Kenya. Mobile phone money lenders have grown like mushrooms Kenya. Numerous mobile lenders have continued to thrive in the local market, offering loans at exorbitant interest rates and ruthlessly going after individuals who default by engaging their family members with data mined through the applications. Lack of adequate guidelines has […]

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Digital Loans

How to get a digital loan

Are you in a fix and need quick cash? A digital loan is the way to go. As a matter of fact, getting a traditional loan from a bank or a Sacco takes time and if you need money now, it may not be the best option for you.  With today’s technology you can get […]

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Digital Loans
Finance

A comparative look at digital lenders

Buying electricity on credit through Okoa Stima is the most expensive mobile lending in Kenya. The mobile-based electricity loan, known as Okoa Stima, attracts a monthly interest of 43.4 percent, making it the most expensive, while Equity Bank’s Equitel is the least costly at 2.1 percent per month. Other costly digital lenders are Pesa na […]

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