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. […]

3 best React Native alternatives for building mobile loan apps 
Engineering

3 best React Native alternatives for building mobile loan apps 

In the world of mobile app development, there are many ways to skin a cat, and React Native is one of them.

How to get a lending license in Sierra Leone
License

How to get a lending license in Sierra Leone

If you operate without a lending license in Sierra Leone, you shall be punishable by a fine not exceeding Le5,000,000, or by imprisonment for a term not exceeding 180 days, or both.  But, that’s not the only reason why you need one, right?  Predatory lending thrives in markets with no regulation. While there may be […]