×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Okoa Stima tops list of most expensive mobile lenders

Digital loans hit Kenyans hard, new survey shows. [Photo: Courtesy]

Purchase of electricity on credit from Kenya Power is the most expensive type of loan, an analysis of the costs of various digital loans shows.

Kopa chapaa, which is operated by Faulu Kenya and Pesa na Pesa, a product owned by Nairobi-based AVLC Group, complete the top three most expensive loan products in the survey carried out by the Kenya Bankers Association (KBA).

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in