Kenya can learn digital lending lessons from the developed world
-A competitive lending market can potentially lower the costs of scoring and disbursing loans to lenders
-Digital lending proposes numerous substantial enhancements relative to traditional credit
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.