A section of digital lenders wants the Central Bank of Kenya (CBK) to raise the minimum capital or balance sheet size for non-deposit-taking credit businesses to Sh50 million, up from the proposed Sh20 million, to weed out ‘speculators’.
The Digital Financial Services Association of Kenya (DFSAK) says the higher entry level will help sift out idle players who already hold approval from the CBK without conducting any meaningful business.
