N
Originally published by Nation Businessbusiness
July 26, 2026
4h ago
Proposed law to allow Bitcoin, social media monetisation as collateral for loans
MPs urged to expand the range of assets that CBK recognises as loan collateral...
✨ Key Highlights
A proposed amendment to Kenya's Microfinance Act could allow borrowers to use a wider range of assets, including cryptocurrencies, social media income, and patents, as collateral for loans.
- The Association of Microfinance Institutions of Kenya (AMFI) is urging lawmakers to expand the definition of acceptable collateral.
- This move aims to increase access to credit, particularly for micro, small, and medium-sized enterprises (MSMEs).
- Data from the Business Registration Service indicates that the Movable Property Security Rights regime has facilitated access to approximately Sh6.5 trillion through registered collateral assets.
Continue Reading
Read the complete article from Nation Business
Advertisement
Advertisement