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. […]
Lendsqr launches in Uganda with AI-powered voice and video analysis to expand access to credit for the informal sector
Lendsqr is officially in Uganda! By leveraging AI-powered voice and video analysis, we are breaking down barriers to credit for the informal sector. Discover how our technology is helping Ugandan lenders drive financial inclusion safely.
How we are using AI and ChatGPT to transform our internal support
We loaded all our existing knowledge base into our internal ChatGPT support system and the results were impressive!
