Youth-led street demos hit repayment of digital loans

Youthful demonstrators match along Moi Avenue, Nairobi during the anti-government protests on July 23, 2024. 

Photo credit: Wilfred Nyangaresi | Nation Media Group

Digital lenders are experiencing delays in loan repayments and slowed appetite for new credit, blamed on the sustained street protests that have disrupted the economic activities of their target customers.

Kevin Mutiso, the chairperson of the Digital Financial Services Association of Kenya said the anti-government protests have hit at the heart of its customers including, small shop owners and vegetable vendors.

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