×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

How AI is helping mobile loan apps avoid defaulters

Tala General Manager, Annastella Mumbi

Digital credit is rapidly growing in Kenya, with 51 service providers approved by the Central Bank of Kenya (CBK).

These loan apps, which do not require collateral, risk accumulating bad loans that could force them to shut down. This risk has contributed to their popularity.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in