Kenya's micro-lenders suffered a Sh1 billion loss in 12 months to June, a 30 percent decline from a Sh0.7 billion last year, a Central Bank of Kenya (CBK) report shows.
The 14 micro-finance banks (MFBs), which operate in the regulated space, have been on a loss-making streak since 2015, suffering from high default rates and competition from digital lenders.
