Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi


Borrowing Crisis: New Report Reveals That Kenyans Have Up To Seven Mobile Loans At Any Given Time

A recent report by Credit Info has revealed shocking details on Kenya’s borrowing culture. According to the report, over 16 percent of Kenyans borrowed from multiple mobile loan lenders between late 2017 and early 2018.

The report goes on further to indicate that an average Kenyan borrower has more than 7 mobile loans at one go. Overall, 74.5 percent of the borrowers had between 2-6 mobile loans at any given time.

“Repetitive borrowing/ lending of mobile loans was common in Kenya and on average each borrower had around four mobile loans,” said the report.

Common mobile loans in Kenya include M-Shwari by Safaricom, KCB-Mpesa, Tala, Branch, Saida, Haraka, Zidisha, Shika, Stawika and Barclays’ Timiza. Over 98 percent of all these loans were provided by the banking sectors.

Another statistic in the report indicated that men aged 41-50 borrowed the most with only 34.5 percent of loans were being issued to women, with the 31-40 age group leading the pack. The data also showed that 86 percent of the loans were below Ksh. 10,000.

Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.



Click to comment


You May Also Like


*Editor’s Note: This open letter to Safaricom has been published as received. No redactions have taken place to avoid legal issues pending a court...


This is an intervention for Victoria Rubadiri so as to help her revert back to factory settings. We notice your slow drift away into...


Caption : Edwin Kigen Who was Murdered in Madaraka Estate. We demand for answers from Boinnet ! Another young man may have been brutally assaulted and...


CAPTION: Reformed street-urchins like this lot are dominating the airwaves and being allowed to spread the disease of anti-intellectualism.  As you may have all...

Copyright © 2020 Cyprian Is Nyakundi.