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Business Personal Finance

Digital Loan Defaults in Kenya Raise Questions Over Sh1,000 Borrowings

Kenya’s fast-growing digital lending sector is once again under the spotlight following reports that borrowers are struggling to repay microloans under Sh1,000. A past article

Business Personal Finance

Kenyans Flee Credit Market as Cost of Loans Spirals Out of Control

Kenya’s credit market is in crisis as the majority of citizens abandon loan applications, choking off access to capital for households and businesses. A new

Business Personal Finance

HELB ME!! 10 Ways Student Debt Can Derail Your Life

Student debt can be a significant burden in any country, including Kenya. While the Kenyan education system has its unique challenges, student loans can have

Business Personal Finance

Loan Defaults Surge to Sh173.3 Billion as High Interest Rates and Economic Strain Bite

Defaults on loans taken to purchase homes, land, and vehicles surged by nearly 20% in 2024, rising to Sh173.3 billion, amid high interest rates and

Business Personal Finance

Behind The Smiles: Why Banks Aren’t Your Friend and How They Profit At Your Expense

Kenyan banks may not be the loyal companions you think they are. While the personable banker who treats you to lunch might seem friendly, they

Business Personal Finance

Confession: I Got A Loan Because I Have A Well Paying Job And It Almost Destroyed My Life

Below is a confession of a Kenyan man who took a loan of less than Ksh. 1.7M but ended paying Ksh 5 million. According to

Business Personal Finance

Loans In Kenya Now 60% More Expensive Than In Tanzania And Rwanda

Rwanda boasts the most affordable domestic loans among East African Community member states, outpacing its regional counterparts, including Kenya. Recent data reveals that Kenya’s domestic

Crypto Personal Finance

Simplest Way You Can Clear Yourself From CRB

Even though this was a huge step for Kenya, a majority of Kenyans have been complaining that the CRB system is being used against them. Many believe that they are on CRB even though they don’t know how they got there.