×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

Why lenders charging 100pc in interest are not worried about MPs’ plan to cut rates

As debate on the Bill that seeks to cap interest rates rages, Kenneth Njeru wishes it would have gone further to include specific type of lender. Shylocks.

Mr Njeru has fallen victim to the blatant profiteering that has characterised the unregulated businesses in the microfinance sub-sector.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive 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