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Kenyan Digital Lenders And Micro Lenders To Be Regulated

Kenyan Digital Lenders and Micro Lenders to be Regulated

Kenyan Digital Lenders and Micro Lenders to be Regulated

Parliament has received a notice to cap interest rates for micro lenders in a law review aimed at curbing predatory lending practices.

The National Assembly speaker last Thursday received the notice from Kesses MP Swarup Mishra seeking legal drafters to craft a Bill that will demand that the Central Bank of Kenya caps lending rates by micro-financiers.

 

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