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

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).

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902