Kenyans Borrow Sh1.2 Billion Per Day From Fuliza, M-Shwari

Kenyans Borrow Sh1.2 Billion Per Day From Fuliza, M-Shwari

Kenyans borrowed nearly Sh1.2 billion every day on Fuliza and M-Shwari mobile loans last year, signalling a deepening debt dependence that increased with last year’s massive job losses caused by the Covid-19 pandemic. NCBA Bank financials released yesterday show the lender advanced a total of Sh432 billion Fuliza and M-Shwari mobile loans, which averaged about […]