Digital loan shock for the jobless, students

Digital lenders have put in place a raft of measures to protect their businesses ahead of scrutiny by Parliament. FILE PHOTO | NATION MEDIA GROUP

What you need to know:

  • On Wednesday, National Assembly Speaker Justin Muturi sanctioned investigation into digital money lending with a view to stop unregulated money lending.

  • This follows a petition by Mathare MP Antony Oluoch who wants the Committee of Finance to probe their alleged “illegal and exploitative tendencies”.

Are you jobless? And are you a student aged 25 years and below?


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