Digital lenders disburse over Sh500 billion in mobile loans

Metropol Corporation CEO Gideon Kipyakwai, National Assembly ICT Committee Chairman Kuria Kimani and Digital Finance Services Association of Kenya(DFSAK) Chairman Kevin Mutiso go through some details on the mobile phone during the Digital Finance Summit 2023. [Boniface Okendo, Standard]

The Digital Lenders Association of Kenya has rebranded to Digital Financial Services Association of Kenya (DFSAK) even as it reported disbursing over Sh500 billion in mobile loans to small businesses and households over the last eight years

The association chair said the rebrand was a strategic bid to deepen financial inclusion by bringing together more players in the financial services ecosystem and being more responsive to customer needs.