The Standard | by Wainaina Wambu
Digital lenders have now backed proposed regulations terming it a good move to push the loan prices down.
Digital Lenders Association of Kenya (DLAK) Board Chairman Kevin Mutiso said that the regulations, that will see them fall under Central Bank of Kenya (CBK) supervision put all players on an equal footing and a sign of maturity in the industry.
“We price our loans based on risk and a lot of the risks will be reduced by standardising certain things…
