Crisis as mobile lenders blacklist 2.5 million borrowers

Fraud cited as one of the causes of unpaid debt as some accounts registered with stolen data

More than 2.5 million Kenyans are today listed as loan defaulters, most of them by digital lenders.

This means that the new-age borrowers cannot access credit, from both the traditional lenders and digital platforms, and could easily miss out on certain jobs that demand that they present a positive credit report.