Prime

Digital lenders should take cue from Fuliza cut

The banking sector regulator has so far cleared just three percent of all the 288 applications eyeing the digital loans market. FILE PHOTO | NMG

By  Business Daily

Nation Media Group

The step by Safaricom and its bank partners to lower the charges of the Fuliza mobile overdraft is the right one.

The allure of easily accessible mobile loans has seen the mostly low-income Kenyans, including young people, saddled in debt.

PAYE Tax Calculator

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

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Kisumu cement industry expands with new Nyando factory

  2. co-op-bank

    PRIME Co-op Bank faulted for flawed sacking of poor performer

  3. PRIME Breast cancer in men: Warning signs you should not ignore

  4. PRIME Kenya’s economy grows 5.1pc despite Iran war price shocks

In the headlines

View All