In the last three years,,2.7 million people out of a population of around 45 million have been negatively listed on Kenya’s Credit Reference Bureaux

Well, listig on CRB is unavoidable for such a number of people — loans
financing is tricky affair with our economy and business environment in the
last years

On Mon, May 28, 2018 at 5:14 PM, WANGARI KABIRU via kictanet <
kictanet@lists.kictanet.or.ke> wrote:

>
>
> Kenya moves to regulate fintech-fuelled lending craze
> <www.standardmedia.co.ke/business/article/2001282008/government-wants-to-regulate-digital-loans>
>
> Kenya moves to regulate fintech-fuelled lending craze
>
> Reuters
>
> Kenya built a reputation as a pioneer of financial inclusion through
> mobile money system that enables people to …
>
> <www.standardmedia.co.ke/business/article/2001282008/government-wants-to-regulate-digital-loans>
>
>
> “This week, the finance ministry published a draft bill on financial
> regulation which covers digital lenders for the first time. A key aim is to
> ensure that providers treat retail customers fairly, it said. “We have a
> lot of predatory lending out here, which we want to regulate,” Geoffrey
> Mwau, director general of budget, fiscal and economic affairs at the
> treasury, told reporters on Thursday. As it was for mobile cash, Kenya is
> something of a test case for the new lending platforms. Several of the
> companies involved, including U.S. fintech startups, have plans to expand
> in other frontier markets, meaning Kenya’s regulation will be closely
> watched….
> In the last three years, 2.7 million people out of a population of around
> 45 million have been negatively listed on Kenya’s Credit Reference Bureaux,
> according to a study by Microsave, a consultancy which advises lenders on
> sustainable financial services…..”
>
>
> Read more at: www.standardmedia.co.ke/business/article/
> 2001282008/government-wants-to-regulate-digital-loans
>
> Kenya moves to regulate mobile money fuelled lending craze
> <www.businessdailyafrica.com/markets/marketnews/Kenya-moves-to-regulate-fintech-fuelled-lending-craze/3815534-4579730-iebc2sz/index.html>
>
> Kenya moves to regulate mobile money fuelled lending craze
>
> Key aim is to ensure that providers treat retail customers fairly
>
> <www.businessdailyafrica.com/markets/marketnews/Kenya-moves-to-regulate-fintech-fuelled-lending-craze/3815534-4579730-iebc2sz/index.html>
>
>
>
>
>
> Be blessed.
>
> Regards/Wangari
>
> —
> Pray God Bless. 2013Wangari circa – “Being of the Light, We are Restored
> Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on
> Earth”.
>
>
>
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