List of 32 approved loan apps in Kenya by the Central Bank of Kenya to safeguard the interests and personal information of the customers.
Digital lending apps are a familiar thing in Kenya. In this era of technology, you can access unsecured personal loans to cover unexpected expenses or a business loan to grow your business, thanks to the revolutionary mobile lending apps. You can access quick loans within minutes straight to your M-PESA.
However, with unregulated loan apps, you may fall victim to predatory practices of unregulated digital lenders, particularly their high interest rates, unethical debt collection practices, and the abuse of personal information.
List of 32 Approved Loan Apps in Kenya by the Central Bank of Kenya
In January 2023, the Central Bank of Kenya (CBK) announced the licensing of 22 Digital Credit providers in Kenya. In March 2023, it announced the licensing of an additional ten (10) Digital Credit Providers (DCPs) bringing the number of licensed DCPs to Thirty-Two (32).
Here is the full list of the 32 approved loan apps in Kenya by the Central Bank of Kenya
- Anjoy Credit Limited
- Asante FS East Africa Limited
- Ceres Tech Limited
- Colkos Enterprises Limited
- EDOMX Limited
- Extend Money Service Limited
- Fourth Generation Capital Limited
- Getcash Capital Limited
- Giando Africa Limited (Trading as Flash Credit Africa)
- Inventure Mobile Limited (Trading as Tala)
- Jijenge Credit Limited
- Jumo Kenya Limited
- Kweli Smart Solutions Limited
- Letshego Kenya Ltd
- Little Pesa Limited
- MFS Technologies Limited
- M-Kopa Loan Kenya Limited
- Mwanzo Credit Limited
- MyCredit Limited
- MyWagepay Limited
- Natal Tech Company Limited
- Ngao Credit Limited
- Okolea International Limited
- Pezesha Africa Limited
- Rewot Ciro Limited
- Risine Credit Limited
- Sevi Innovation Limited
- Sokohela Limited
- Tenakata Enterprises Limited
- Umoja Fanisi Limited
- Zanifu Limited
- Zenka Digital Limited
It is worth noting that the above list is not final, as more and more digital lending apps submit their applications to CBK for review and licensing.
CBK revealed that it has received 401 applications since March 2022 and is working closely with the applicants in reviewing their applications. Additionally, CBK has engaged other regulators and agencies pertinent to the licensing process, including the Office of the Data Protection Commissioner.
Note: Ensure that to sign up with CBK-approved loan apps to protect yourself against abuse.
