App lenders sign code of conduct, commit to responsible lending practices

Digital Lenders Association Directors (L-R) Ivan Mbowa East Africa Regional Country Growth Manager Tala), Allan Mukui (DLAK Secretary and CEO Kuwazo), Robert Masinde (DLAK Chairperson and CEO Zenka), Rose Muturi (DLAK Vice Chairperson and Chief Digital Officer HF Group), Kevin Mutiso (DLAK Director and CEO Alternative Circle) during the launch of Digital Lenders Association [Photo, File]

NAIROBI, KENYA: Members of the Digital Lenders Association (DLAK), on Thursday signed on a code of conduct and announced plans to adopt a self-regulatory framework and a set of shared principles to guide members.

Speaking during the formal launch of the Association, DLAK Chairman and Zenka CEO Robert Masinde said that the code of conduct will promote ethical business practice and broadly addresses emerging consumer protection issues.