Business Daily | by Otiato Guguyu
Top digital lenders cut lending to Sh2 billion a month after the Central Bank of Kenya kicked them out of credit reference bureaus last year.
Digital Lender Association of Kenya (DLAK) chairman Kevin Mutiso said member firms were lending Sh4 billion monthly before the coronavirus pandemic hit.
Their CRB move, he said, had denied members borrower profiles to make quick lending decisions and left them without recourse on defaulters forcing them to cut loans by half…
