×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Read on the App

Survey: Shopkeepers hardest hit by defaulters, mobile loan app follows

NAIROBI, KENYA: Are you a shopkeeper and planning to offer your goods or services on credit to your friend, neighbor or a family member? You have to think twice.

A new survey by Central Bank and the Kenya National Bureau of Statistics shows that shopkeepers are more likely not to recover money from such transactions followed by the mobile app companies in the credit business.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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