Digital lending in Kenya has given rise to predatory loan practices, trapping borrowers in a cycle of debt despite technological advancements meant to offer financial inclusion.

• Borrowers, particularly boda boda riders, face repossession of assets like motorcycles even when nearing full repayment, with high compounded interest rates often exceeding 100 per cent annually.
• Firms like Watu Credit, Mogo, and JoyInc have been summoned by Parliament over alleged unfair practices.
• The Central Bank of Kenya, Data Protection Commissioner, and Competition Authority are implementing new regulations and fines to curb abuses, with criminal liability and public naming of offenders set to be introduced from 2025.