All the CBK Approved Loan Apps in Kenya

by | Jun 24, 2023 | TECH | 0 comments

Digital mobile loan providers in Kenya are licensed and regulated by the Central Bank of Kenya before they can operate in the country. Currently, the Central Bank of Kenya (CBK) has only approved 32 digital loan apps to provide short-term loans to Kenyans in need of quick cash.

Before a loan app is approved by the CBK and given a license to operate in Kenya, it has to prove that it is playing safe and fair. The Central Bank requires the app to obtain the borrower’s consent before accessing their credit report and personal information.

Additionally, the loan app should not charge excessive interest rates and other fees.

Read: 17 Best Loan Apps in Kenya for Instant Loans.

Here are the Loan Apps in Kenya Approved by the CBK:

  1. Anjoy Credit Limited
  2. Asante FS East Africa Limited
  3. Ceres Tech Limited
  4. Colkos Enterprises Limited
  5. EDOMX Limited
  6. Extend Money Service Limited
  7. Fourth Generation Capital Limited
  8. Getcash Capital Limited
  9. Giando Africa Limited (Trading as Flash Credit Africa)
  10. Tala Inventure Mobile Limited (Trading as Tala)
  11. Jijenge Credit Limited
  12. Jumo Kenya Limited
  13. Kweli Smart Solutions Limited
  14. Letshego Kenya Ltd.
  15. Little Pesa Limited
  16. MFS Technologies Limited
  17. M-Kopa Loan Kenya Limited
  18. Mwanzo Credit Limited
  19. Mycredit Limited
  20. MyWagepay Limited
  21. Natal Tech Company Limited
  22. Ngao Credit Limited
  23. Pezesha Africa Limited
  24. Rewot Ciro Limited
  25. Risine Credit Limited
  26. Sevi Innovation Limited
  27. Sokohela Limited
  28. Tenakata Enterprises Limited
  29. Umoja Fanisi Limited
  30. Zanifu Limited
  31. Zenka Digital Limited
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The CBK has received over 400 applications from other digital credit providers and is working closely with them in reviewing their applications.

Mobile money borrowers can now rest easy knowing that they will not be fleeced by rogue apps hoping to make a kill from them by holding their privacy at ransome while at the same time charging huge interests and penalties on credits.

Read Also:

  1. How to Increase Zenka Loan Limit
  2. Simple Steps to Increase your Fuliza Limit
  3. Mshwari Lock Savings Account: How to Save and Earn Interest

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