[Source: Business Daily, by Constant Munda]
Digital lenders have warned against proposed introduction of controls on charges and fees on loans, claiming it will hurt further the flow of credit to micro-sized businesses.
Ivan Mbowa, the regional general manager for Tala and a director at Digital Lenders Association (DLAK), said the industry will resist planned legal attempts to cap charges and instead favour risk-based loan pricing models which are powered by machine learning technologies.
The Central Bank of Kenya (Amendment) Bill, 2020, seeks to…
