Taming mobile loan sharks abusing the credit information sharing system

JAREDGETENGA

Jared Getenga, the chief executive of the Credit Information Sharing Association of Kenya. PHOTO | POOL

Mobile lending apps have become an easy source of credit for Kenyans who do not have accounts with commercial banks and access to other traditional financial institutions, or the regular income needed to borrow from such lenders.

But the industry remains largely unregulated, exposing consumers to incidents of breaches of their rights.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.