It’s now official that Central Bank of Kenya Governor Patrick Njoroge last week barred a number of mobile-based lenders from using the CRB services – Credit Reference Bureaus (CRBs), denying them a critical tool in assessing the creditworthiness of a potential borrower.
Besides unregulated mobile-based lenders, Central Bank of Kenya CBK also withdrew the approvals granted to unregulated credit-only lenders as third party credit information providers to CRBs.“The withdrawal is in response to numerous public complaints over misuse of the credit Information System by the unregulated digital and credit-only lenders, and particularly their poor responsiveness to customer complaints.Thus, unregulated digital and credit-only lenders will no longer submit credit information on their borrowers to CRBs,” said CBK in a statement. – CRB services
This is a blow to hundreds of fintech credit providers such as Branch International and Tala, which had become household names with nearly every functional smartphone in Kenya having a digital lending app. List of mobile loan apps that have been barred from accessing CRB services.
If we remove the list of bank and microfinance apps from this list (since they are regulated), you will remain with a list of unregulated digital loan apps that are available to consumers.
1. Branch
2. Zenka
3. Tala
4. Opesa
5. Okash
6. Okolea
7. LionCash
8. i-Save Mobile
9. Lendi mkopo
10. Okoa Cash Loans
11. Fuliza Branch
12. Investor
13. MB-Kash
14. iPesa
15. Kopa Jirani
16. FlashPesa
17. Zash Loan
18. Kashway
19. Kava Personal Loans
20. Kua
21. Palm Loans Kenya
22. Afrika loans
23. Mshiko Chap
24. Kenya Quick Loan Shop
25. Senti
26. Hikash
27. MKash Bee
28. PesaFlash
29. Peso Loans
30. Carbon
31. Hela Pesa
32. Eazzy Loans
33. Fululiza Senti
34. Stawika
35. Tajiri
36. Loanika
37. Saida
38. Kuwazo
39. Fair Money
40. Lendy LOANS
41. Umba (Formerly Mkopo Kaka)
42. UbaPesa
43. Okoa 0% Interest Loans
44. Kash Pesa Loans
45. Fair Branch: Instantly and Accuracy
46. Top Loan Lenders
47. HiCash Quick and Easy Loans to MPESA
48. Loans Chap Chap
49. Izwa Loans
50. Fintech Loans
51. Imarika Credit
52. PesaPata
53. Okolea Quick Loans
54. M-KOPAY
55. Okoa Pesa pap
56. Kenya Quick Loans Market
57. Instant Cash- Reliable Money
58. Pezesha
59. mKopa
60. tumaPesa
61. Duta62. Saida
63. Aspira
64. Phedha Loans
Disclaimer. We can not guarantee that the information on this page is 100% correct.
