News, Updates & Media

2021 - CREDIT BAROMETER
11/18/2021

The Credit Barometer reveals the country’s economic health by highlighting how households and businesses are leveraging credit to navigate economic hurdles to stay afloat.

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2021 DIGITAL LENDING RESEARCH REPORT
9/22/2021

Digital credit services have improved access to loans and helped bridge the gap between Kenyans who have formal bank accounts and those without or whose incomes are not stable enough to borrow from formal financial institutions. Download Reelanalytics 2021 Digital Lending Research Report.

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GEOPOLL_ DLAK CUSTOMER SURVEY REPORT V4
4/6/2020

In order to gather feedback from consumers on lending habits, MAX conducted an SMS survey via Geopoll — the world's largest mobile surveying platform. This report outlines the findings from the survey. 

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The Star
DIGITAL LENDERS SET MEASURES TO CURB ECONOMIC EFFECTS OF COVID-19 PANDEMIC
3/20/2020

Digital lenders are now looking to provide customers with loan extensions as well as repayment plans to mitigate the negative impact of COVID-19 on small businesses.

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Nairobi News
DIGITAL LENDERS UNVEIL MEASURES TO GUIDE SECTOR DURING CORONAVIRUS CRISIS
Nairobi News: 03/20/2020

The loan institutions will be guided by the special circumstances and ethical principles of responsible lending. Majority of Kenyans access digital credit for business purposes such as investing and paying salaries, and to meet everyday household needs...

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KBC News
DIGITAL LENDERS UNVEIL EMERGENCY MEASURES TO SHIELD BORROWERS
KBC News: 03/20/2020

The Digital Lenders Association of Kenya (DLAK) is advising their members to update their scoring models and the method of calculating creditworthiness to include the economic and social impact of COVID-19 pandemic.

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Business Daily
MOBILE LENDERS NOW CHANGE TACK IN COLLECTION OF DEBT
Business Daily 3/19/2020

Developing countries have seized on mobile technology to fill gaps in financing and achieve financial deepening. Fintech companies make the process easier by implementing swift and reliable ways to disburse loans instantly aided by extensive algorithms that easily scan the financial status for borrowers.

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Daily Nation

LAW TO REIN IN DIGITAL LENDERS
Daily Nation 02/18/2020

Increased mobile loans uptake is expected to boost the country's economic growth this year, economic experts have predicted citing interest among borrowers.​

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The Star
DIGITAL LENDERS URGED TO INCREASE CREDIT ACCESS TO THE INFORMAL SECTOR
The Star Tuesday 02/17/2020

Mobile lenders have been urged to increase credit access to the informal sector with experts saying such a move by existing providers would go a long way in supporting underserved livelihoods like the Juakali sector.

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Standard Digital
EFFICACY OF MAJOR LENDERS KEY TO BOOSTING INVESTMENTS
Standard Digital Monday 02/16/2020

Initially, the mobile lenders existed independently, and regulation was a challenge. But as mobile lending becomes established, we are seeing a more robust drive for self-regulation through the Digital Lenders Association of Kenya (DLAK) that was formed last year. This has brought stability and certainty in the industry.

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Standard Digital
CAPITAL IS STILL THE
BIGGEST HURDLE FOR
YOUNG START-UPS
Standard Digital Sunday 02/09/2020

The entrepreneurship journey is extremely lonely, and many people sacrifice a lot, including friendship and even marriage to come on top of things. Most time is spent looking for capital. The simplest way to weed out those lenders who avoid meeting the required standards is to verify the list of lenders associated on DLAK’s website (the Digital Lenders Association in Kenya), as its members comply with the agreed Code of Conduct.​

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KBC News
HOW DIGITAL LENDERS
HELP THE ECONOMY AS FINANCIAL LITERACY GROWS
The Standard Sunday 12/29/2019

The Digital Lenders Association of Kenya (DLAK) has been established for the purpose of self-regulation by looking at the areas and gaps or weaknesses. This can be done in-house by the regulator coming up with measures to protect data privacy and responsible consumer behaviour.

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