Kenya: Experts Criticize Digital Lenders Over high Interest Rates

Experts in Kenya have criticized digital lenders for charging high interest rates, often perceived as infringing consumer rights. Reportedly, the average interest rate for a 30-day digital loan ranges from 20-30% for online lenders, based on the borrower’s risk profile. For a Sh1,000 loan, the… Read More
Read more in: Global, Politics, Legal & Regulation | Tagged Kenya, online lending, regulations