Digital lenders urged to increase credit access to the informal sector
“These lending institutions have helped in bridging the gap by offering credit services to small businesses who could not access credit because they lacked the credit score or banking history,”
How Fintechs’ Lobby Plans To Bring Back Sanity In Kenya’s Digital Lending Space
The establishment of the Digital Lenders Association of Kenya (DLAK), in June 2019, came at an opportune time, to help in the regulation of the digital lending sector. Over the last few years, mobile loans have become an alternative source of capital for Small Medium Enterprises (SMEs) as well as individuals, without the headache of […]
Outlook for digital lending safer with ethical measures
The existence of alternative lending dates back in time, and the digital lending industry is an offshoot of traditional credit sources that included friends, workmates and relatives. There are extra benefits to using digital services to access credit as they are not only instant and efficient, but they also increase the opportunities of accessing money for small and family business owners.