Mobile loans: The new gold rush minting billions from the poor

More than half a million digital borrowers have been blacklisted by credit reference bureaus (CRBs), and the number keeps growing as more digital lending platforms enter the East African region. [Courtesy]

Last week, tragedy engulfed Githumu Village in Murang’a County after 25-year old Samuel Ngari was found hanging from his house in an apparent suicide.

The young man had been working with his parents on their farm when he excused himself, went to his house, locked the door from inside and hang himself.