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MyCredit closes Sh450m deal to support private schools

They can borrow up to Sh5m secured funds for a maximum tenure of 36 months.

Central bankSmall medium enterprises smesMycredit limitedDigital credit providerMedium enterprisesKuza elimu loanCentral bank of kenyaThe institutionSh 1mCivil servantsSmall amp medium enterprisesHe starTar newspaperHe star kenyaEnya newsHe star newspaper

Digital lender MyCredit secures Sh460m funding

Digital lender MyCredit secures Sh460m funding
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Medium enterprises smesMycredit limitedMedium enterprisesOikocredit international

CBK Approves Licences for 10 More Digital Loan Providers [FULL LIST]

This brought the total number of approved DCPs to 32 following the licensing of 22 credit providers in January 2023.

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CBK clears 10 more mobile phone lenders

The Central Bank of Kenya has granted licenses to an additional 10 digital credit providers bringing the number of approved digital micro-lenders to 32.

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Mobile phone lenders loan book hits half a trillion

Digital lenders have disbursed over Sh500 billion in loans to small traders and low-income households in the last eight years, pointing to the proliferation of quick credit mobile apps in Kenya.

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