Borrowers in Kenya are increasingly using personal assets like vehicles and electronics as collateral for loans, signaling a significant shift in the credit market. This trend is reflected in a substantial rise in registrations at the Movable Property Security Rights (MPSR) registry.

• The use of movable assets as collateral rose 9.8 per cent between January and April 2026.
• The Business Registration Service (BRS) and the Central Bank of Kenya are key entities involved in this trend.
• This shift is partly attributed to the Movable Property Security Rights Act, 2017, designed to expand credit access for MSMEs.