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. […]

Lendsqr launches lending-as-a-service platform in Kenya
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Lendsqr launches lending-as-a-service platform in Kenya

Lendsqr launches lending-as-a-service platform in Kenya to boost financial inclusion and support loacal lenders

Key providers for lenders in Tanzania: Credit scoring, KYC, and payment
Lender information

Key providers for lenders in Tanzania: Credit scoring, KYC, and payment

In this article, we’ll explore some of the key players driving this transformation — from those developing advanced credit scoring models to companies offering KYC solutions that verify identities in remote regions, all working together to build trust between lenders and the millions of Tanzanians eager to invest in their futures.