Borrowers fail to repay 83pc of digital loans below Sh1,000

CBK data shows borrowers taking loans of between Sh50,001 and Sh100,000 had the lowest non-performing loan (NPL) ratio of 16.4 percent.

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Borrowers have defaulted on 83.1 percent of digital loans of below Sh1,000, highlighting the difficulty of recovering microloans from low-income earners.

Central Bank of Kenya (CBK) data shows the regulated digital lenders struggled to recover small loans while borrowers of larger loans settled their dues.

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