Kenya’s financial sector is set for a significant transformation as regulators introduce a framework aimed at reshaping how banks, fintech firms, and SACCOs assess and issue loans.
Kenya tightens lending rules in sweeping credit sector overhaul
Kenya’s financial sector is set for a significant transformation as regulators introduce a framework aimed at reshaping how banks, fintech firms, and Savings and Credit Cooperatives (SACCOs) assess and issue loans. The proposed reforms seek to tighten lending standards, curb rising household debt, and introduce structured support mechanisms for borrowers struggling with repayments. Shift in…
