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. […]
Frequently asked questions on Direct Debit in Nigeria
Explore questions Nigerians ask most about direct debit. Read more to see what people really want to know: what’s allowed, what’s not, and how to protect your money.
When to go legal with loan defaulters
Whether you're a small lender or a big institution, the decision to pursue legal action against a defaulter is governed by various factors, including the loan type, the borrower's behavior, and, most importantly, the legal framework in your jurisdiction.


