×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

How AI is helping mobile loan apps avoid defaulters

Vocalize Pre-Player Loader

Audio By Vocalize

Tala General Manager, Annastella Mumbi

Digital credit is rapidly growing in Kenya, with 51 service providers approved by the Central Bank of Kenya (CBK).

These loan apps, which do not require collateral, risk accumulating bad loans that could force them to shut down. This risk has contributed to their popularity.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full 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
Football
Kenyan girls face off with Chinese Taipei in ISF World Cup quarters
By Ben Ahenda 8 hrs ago
Boxing
Kenya clinches two gold medals at Africa Boxing Championships
Sports
South Africa pedals to gold, powered by Kenyan ugali
Athletics
Did Mashujaa Day organisers sideline athletes at city of champions?