NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Alarm Over Numbers of Mobile Loan Defaulters in Kenya

Currently, there are more than 380,000 Kenyans that have so far defaulted on loans taken from mobile money lenders according to a comprehensive report by Metropol Corporation CEO, Sam Omukoko.

Source

Kenyans.co.ke (link opens in a new window)

Categories

Finance

Region

Sub-Saharan Africa

Tags

emerging markets, fintech, microcredit, mobile lending, mobile loans, mobile money