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Originally published by Techish Kenyatech
September 12, 2025
16h ago
Most Kenyans Default on Sub-Ksh1,000 Loans, Lenders Consider Phasing them Out
For years, mobile loan apps promised instant cash at your fingertips. But in Kenya, the smallest digital loans—meant to cover bus fare, food, or..
✨ Key Highlights
Kenyan mobile loan apps are phasing out small loans due to high default rates. Lenders are increasing minimum loan amounts, impacting low-income households that relied on tiny loans for daily needs.
- 83% of loans under KES 1,000 went unpaid in 2024.
- The Central Bank of Kenya (CBK) issued new data showing the unsustainable nature of microloans.
- Lenders are now requiring minimum loans of KES 1,000 or more, enabling them to blacklist defaulters with Credit Reference Bureaus (CRBs).
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