comparemela.com

Latest Breaking News On - Authorised digital credit lenders - Page 1 : comparemela.com

CBK Approves 10 Digital Lenders Out Of 288 Initial Applicants In New Lenders Law

In the recent past, there has been an increase in digital lending most households have adopted this kind of borrowing to get by on daily expenses. Due to the flooded market of digital lenders, Kenyans have in the past fallen victim to credit fraud that includes high-interest rates, rollover fees, and hidden charges when receiving credit. Also, unauthorized Digital Lenders have been found to abuse personal information as well as enforce unethical debt collection practices.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.