Mobile loan consumers spending more on airtime than some key basic needs

Airtime has become a top consumer of the highly popular digital loans in Kenya, a new survey confirmed, beating other household necessities such as a medical emergency.

A Central Bank of Kenya (CBK) financial stability report shows that airtime took up 15 per cent of digital loans, only trailing business (37 per cent), day-to-day needs (25 per cent) and education (20 per cent).

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