”Now You Can Borrow Again” 64 Mobile Loan Apps Barred From CRB Access In Kenya.

Mobile Loan Apps Barred From CRB Access

Central Bank of Kenya Governor Patrick Njoroge last week barred a number of mobile-based lenders from using the Credit Reference Bureaus (CRBs), denying them a critical tool in assessing the creditworthiness of a potential borrower.

Besides unregulated mobile-based lenders, the Central Bank of Kenya CBK also withdrew the approvals granted to unregulated credit-only lenders as third party credit information providers to CRBs.

“The withdrawal is in response to numerous public complaints over misuse of the credit Information System by the unregulated digital and credit-only lenders, and particularly their poor responsiveness to customer complaints.

Mobile Loan Apps Barred From CRB Access
Mobile Loan Apps Barred From CRB Access In Kenya

Thus, unregulated digital and credit-only lenders will no longer submit credit information on their borrowers to CRBs,” said CBK in a statement.

This is a blow to hundreds of fintech credit providers such as Branch International and Tala, which had become household names with nearly every functional smartphone in Kenya having a digital lending app. List of Loan Apps Barred From CRB Access:-

  1. Branch
  2. Zenka
  3. Tala
  4. Opesa
  5. Okash
  6. Okolea
  7. LionCash
  8. i-Save Mobile
  9. Lendi mkopo
  10. Okoa Cash Loans
  11. Fuliza Branch
  12. Investor
  13. MB-Kash
  14. iPesa
  15. Kopa Jirani
  16. FlashPesa
  17. Zash Loan
  18. Kashway
  19. Kava Personal Loans
  20. Kua
  21. Palm Loans Kenya
  22. Afrika loans
  23. Mshiko Chap
  24. Kenya Quick Loan Shop
  25. Senti
  26. Hikash
  27. MKash Bee
  28. PesaFlash
  29. Peso Loans
  30. Carbon
  31. Hela Pesa
  32. Eazzy Loans
  33. Fululiza Senti
  34. Stawika
  35. Tajiri
  36. Loanika
  37. Saida
  38. Kuwazo
  39. Fair Money
  40. Lendy LOANS
  41. Umba (Formerly Mkopo Kaka)
  42. UbaPesa
  43. Okoa 0% Interest Loans
  44. Kash Pesa Loans
  45. Fair Branch: Instantly and Accuracy
  46. Top Loan Lenders
  47. HiCash Quick and Easy Loans to MPESA
  48. Loans Chap Chap
  49. Izwa Loans
  50. Fintech Loans
  51. Imarika Credit
  52. PesaPata
  53. Okolea Quick Loans
  54. M-KOPAY
  55. Okoa Pesa pap
  56. Kenya Quick Loans Market
  57. Instant Cash- Reliable Money
  58. Pezesha
  59. mKopa
  60. tumaPesa
  61. Duta
  62. Saida
  63. Aspira
  64. Phedha Loans
Mobile Loan Apps Barred From CRB Access
Mobile Loan Apps Barred From CRB Access In Kenya

Written by miniBloggersKe

NairobiminiBloggers Believes in philanthropists, and we have a Keen interest in Political, Leadership, and Governance. We will tell you what they don't want you to know.

What do you think?

Get Rich Through Strawberry Farming.

How To Get Rich Through Strawberry Farming.

Cometogether Widows and Orphans Organization

Cometogether Widows and Orphans Organization: ‘My Daughter Praise Shouting For Help, She Pleaded Uuuui Daddy Usituue..”