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 makes a great loan management software
Information

What makes a great loan management software

Whether you decide to build your loan software or use a LaaS platform like Lendsqr, consider these things

You can now activate your direct debit mandates in 1 minute

You can now activate your direct debit mandates in 1 minute

Our direct debit system is now equipped with E-Mandate, an addition that puts control directly in the hands of your customers. Gone are the days when you and your customers have to chase bank officers around to approve mandates.