4 alternative lending channels to reach underserved borrowers
Most African countries need easier access to credit. While there has been substantial progress over the past decade, access to finance remains a daunting constraint in Africa. So, how do we connect with these underserved populations and bring credit closer to them?
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. […]
🔄 Top up loans without starting from scratch
Hello there! 👋 It’s July. New month, new quarter, and a new half year. A good point to step back, refocus, and pick up the pace. Whether the last quarter felt like a mad dash or a lazy stroll, the next six months will decide how the year closes. Maybe you need to tighten your […]