NAIROBI, Kenya, Oct 1 – The Central Bank of Kenya (CBK) Governor Patrick Njoroge has lauded President Ruto’s directive to the Treasury and ministries to Kenya breaking news | Kenya news today |
CBK boss: Blocked digital lenders withheld info standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
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.