Generally, emergency mobile loans are meant to assist us get out of a short term financial crisis. However, there are some predatory digital loan apps that further contribute to the crisis through their implementation of ridiculous interest rates and short… Read More ›
Digital loans have become the most popular means of accessing credit here in Kenya due to the simplistic nature of their application and disbursement. Such loans are characterized by short repayment periods and high interest rates unlike conventional loans from… Read More ›
The concept of loyalty programmes is a well known and globally adopted marketing strategy aimed at attracting potential customers as well as retaining existing ones. In Kenya, one popular method used by the majority of businesses in rewarding long time… Read More ›
Ever since the advent of mobile loans, the uptake of digital credit has been on the rise in comparison to secured loans offered through conventional credit institutions. This has largely been contributed through the ease of accessibility that requires borrowers… Read More ›
While scouring the content rich Facebook lands, I recently came across a post made in one of the popular Facebook groups. It was regarding a certain gentleman who had taken one of the digital loans provided by a leading bank…. Read More ›
Currently, there is a list of over 90+ options of digital lenders to choose from if ever one is in need of emergency mobile credit available either via apps or Ussd code. Despite the huge and ever increasing number, one… Read More ›
As a result of the ever increasing number of digital loan defaulters in Kenya through lack of funds, a section of ‘newer’ digital lenders have decided to mitigate the situation through the implementation of various security measures. While the majority… Read More ›
The gradual shift towards the digital space has brought with it numerous benefits whereby the world has been transformed into a global village. This means that communication and accessibility has been simplified thanks to the technological advancements interconnecting the various… Read More ›
Going by the statistics released by CAK for the Q1 financial year 2021/22, there are about 34.5 million active mobile money subscriptions spread across the service providers. Safaricom’s M-PESA which has the largest market share of 34.1 million subscribers in… Read More ›
Fuliza which is Safaricom’s revolutionary overdraft facility, was launched in 2019 and since then, it has generated massive revenue for the telco with statistics showing that it has at one point disbursed loans of up-to 6.2billion in a single month…. Read More ›
