Unlicensed digital lenders denied right to pursue unpaid loans

Joseph Wangui

Correspondent

Nation Media Group

A Nairobi Small Claims Court has struck out two debt recovery suits filed because the digital lenders seeking the unpaid loans were not licensed by the Central Bank of Kenya (CBK), setting a precedent in tackling the non-performing loans.

Unlicensed digital lenders denied right to pursue unpaid loans

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