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Lessons for Fintech Founders from the 2008 Financial Crisis.

The financial crisis of 2008 brought to light many of the risks and uncertainties inherent in the world of finance. As the fintech industry continues to grow and innovate, founders must keep these lessons in mind and be vigilant and cautious in developing new products and services. One of the key takeaways from the crisis […]

KENYA CREDIT GUARANTEE SCHEME: Highlights for the period Dec 2020 – Jan 31, 2023

Micro, Small, and Medium Enterprises (MSMEs) are crucial to Kenya’s economic growth and employment generation, as emphasized in Vision 2030 and the Third Medium Term Plan (2018-2022). Kenya has over 7.4 million MSMEs, which employ about 14.9 million people in all sectors of the economy and account for approximately 40% of the country’s GDP. MSMEs […]

How Fintechs’ Lobby Plans To Bring Back Sanity In Kenya’s Digital Lending Space

DLAK CHAIRMAN

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

digital lending

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.