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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).

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