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. […]

What you need to know about Nigeria’s Open Banking
Company

What you need to know about Nigeria’s Open Banking

Two years after the first Open Banking framework circular was released, the CBN issued operational guidelines for Open Banking on Tuesday, March 7, 2023, heralding a start for what many anticipated would bring about a much-needed change in financial services.

How to get a student loan in Liberia
Borrower information

How to get a student loan in Liberia

Higher education in Liberia still demands more persistence than it should. This article is a working map for students in Liberia seeking for loan options.