Monday, September 07, 2020

All Loan Apps to Lend Soon, This is a Promise

    September 07, 2020   No comments

Loan apps Kenya

When Coronavirus struck the world, every business was negatively affected and the loan apps were never spared too.

Digital Lenders Association of Kenya (DLAK) spokesman, Kevin Mutiso has revealed that, truly loan apps including his own Shika app stopped lending due to the prevailing uncertain economic times.

The biggest reason as to why digital lenders stopped lending was as a result of investors taking precautions with their investing decisions.

When the Central Bank stopped the apps from submitting and accessing borrowers information from CRB, it was another blow.

We are working day and night with Alternative Circle teams and those of the members of the Digital Lenders Association of Kenya.
We will lend and support our customers soon.
  said Kevin Mutiso, Alternative Circle Chief Executive 

The non banking lenders have been serving over 4 million customers every month.


Mwabaya Katana

About Mwabaya Katana

Mwabaya is an experienced and talented finance content creator based in Kenya. He is the Founder of Loans Kenya Blog.

Next Post
No comments:
Write Comments