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STATISTICS | Non-Performing Loans for Digital Lenders in Kenya Hit 40% in 2024, Reveals Latest Study

Summary by bitcoinke.io

The default rate on Kenya’s popular digital loans surged to as high as 40% in the year ending December 2024, according to a local daily analysis. The Digital Financial Services Association of Kenya (DFSAK) estimates that it has lent KES 15 billion ($116.11 million) each month to over eight million Kenyans, totaling approximately KES 180 billion ($1.3 billion) in disbursements for the year 2024. This suggests that between KES 54 billion ($418 mil…

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STATISTICS | Non-Performing Loans for Digital Lenders in Kenya Hit 40% in 2024, Reveals Latest Study

The default rate on Kenya’s popular digital loans surged to as high as 40% in the year ending December 2024, according to a local daily analysis. The Digital Financial Services Association of Kenya (DFSAK) estimates that it has lent KES 15 billion ($116.11 million) each month to over eight million Kenyans, totaling approximately KES 180 billion ($1.3 billion) in disbursements for the year 2024. This suggests that between KES 54 billion ($418 mil…

4 days ago

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bitcoinke.io broke the news in 4 days ago on Thursday, April 3, 2025.

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