×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - 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
Business
MPs pledge site visist as KTDA gives progress on hydro power project
Work Life
Why Gen Zs are not sending money to parents
Shipping & Logistics
The true impact of Iran-US war on the Kenyan economy
Shipping & Logistics
KPA steps up plans for expansion of Kisumu Port