A mobile user displays apps on a smartphone.

| File | Nation Media Group

Many borrowers do not consider high cost of digital loans - study

What you need to know:

  • The study found that the prices of digital credit in Kenya are high but younger people still seek the loans.
  • The study also reveals that 33 per cent of respondents reported they had multiple mobile loans.

Kenyans go to desperate lengths to find money, incurring high costs for loans and intrusions into their privacy.


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