×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

Digital lenders cut credit to Kenyans after CBK directive

The micro-lenders say the blocking lowered the customer motivation to repay loans. [Courtesy]

Digital lenders have reduced lending by nearly half to shield themselves from higher defaults. This is after the Central Bank of Kenya (CBK) blocked them from listing borrowers in the credit reference bureaus (CRBs)

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in