A cultural view of loan defaults in Kenya
Industry Information

A cultural view of loan defaults in Kenya

Executive summary  From 2019 to 2024, Kenya experienced a steady rise in personal and consumer loan defaults, driven not just by economic challenges, but deeply rooted cultural behaviors, social expectations, and shifting attitudes towards debt. While formal banks, microfinance institutions, and mobile lenders expanded access to credit, repayment struggles mirrored longstanding cultural and communal dynamics. […]

Federal Competition and Consumer Protection Act
Credit Laws

Federal Competition and Consumer Protection Act

The Federal Competition and Consumer Protection Act, 2018, usually called the FCCPA, sits at the core of consumer protection and competition regulation in Nigeria.

💳 Team expense requests on the admin console

💳 Team expense requests on the admin console

Hello there! 👋 Lending operations don’t usually break in obvious ways. They break through failed disbursements, disputes, repayment adjustments, schedule changes, and last-minute escalations that compound as your loan book grows. This month’s updates focus on reducing those moments. We’ve shipped improvements that give you better control over repayments, adjustments, receipts, internal expenses, and portfolio-wide […]