How to identify fake or predatory loan apps
As digital lending expands, so does the risk of fake or predatory loan apps targeting unsuspecting borrowers. These platforms often use misleading terms, aggressive collection tactics, and hidden charges to exploit users. Knowing how to spot warning signs, such as lack of transparency, excessive permissions, and unregulated operations, is essential for both borrowers and lenders. Identifying these red flags early can help prevent financial harm and promote a safer, more trustworthy lending ecosystem.
Struggling to get the capital you need to run your loan business?
We are happy to announce the Onlending initiative, which is geared towards providing capital to lenders at affordable rates to boost their operations and business. With this initiative, you can start or expand your lending business capacity without worrying about where and how to raise capital.
An overview of loan management software in Kenya
This report looks at how loan management software works, why it matters to everyday Kenyans, and how adoption has grown over the past five years.