Digital money lenders form association as Njoroge talks tough

Digital Lenders Association Directors (L-R) Ivan Mbowa East Africa Regional Country Growth Manager Tala), Allan Mukui (DLAK Secretary and CEO Kuwazo), Robert Masinde (DLAK Chairperson and CEO Zenka), Rose Muturi (DLAK Vice Chairperson and Chief Digital Officer HF Group), Kevin Mutiso (DLAK Director and CEO Alternative Circle) during the launch of Digital Lenders Association [Photo, Courtesy]

The leading digital lenders in the country have today announced the launch of the Digital Lenders Association of Kenya (DLAK) barely a week after the Banking Charter came into effect with the objective of setting standards in the financial sector.

DLAK Chairperson and Zenka Finance CEO Mr Robert Masinde said that digital lenders came together to form the association to help each other address pain points in the industry, engage with the government on regulations for the sector, and create good practices for industry development.