Loans – Kenyan Enterprise https://www.kenyanenterprise.com/sites/tag/loans/ Daily Breaking Business News, Finance, Economy, Technology and Startups On The Go! Sat, 07 Oct 2023 06:30:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://www.kenyanenterprise.com/wp-content/uploads/2019/03/cropped-IMG-20180823-WA0001-32x32.jpg Loans – Kenyan Enterprise https://www.kenyanenterprise.com/sites/tag/loans/ 32 32 1,000 Embu Farmers to Access Digital Credits, Loans https://www.kenyanenterprise.com/sites/lesile-selelo/article/100-embu-farmers-to-access-digital-credits-loans/ Sat, 07 Oct 2023 06:28:58 +0000 https://www.kenyanenterprise.com/?p=24519 Following a deal between the Family Bank and DigiFarm, 1,000 smallholder maize farmers in Embu County would have access to digital credits for farm inputs and insurance. Farmers will be able to electronically borrow money thanks to the program, which will be implemented in the Mbeere North and South sub-counties. Then, with a maximum acreage […]

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]]> 60% of Small Firms Unable to Repay Their Loans https://www.kenyanenterprise.com/sites/inversk-review/article/60-of-small-firms-unable-to-repay-their-loans/ Tue, 05 Sep 2023 08:26:50 +0000 https://www.kenyanenterprise.com/?p=24206 By the end of June, six out of ten micro and small businesses (MSEs) had defaulted on their loans, illustrating the challenging business climate caused by an increase in interest rates and the cost of products and services. According to a new study of the MSE Tracker Survey, which measures financial inclusion among small enterprises […]

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]]> Government Unveils New Funding for College Students https://www.kenyanenterprise.com/sites/lesile-selelo/article/government-unveils-new-funding-for-college-students/ Thu, 04 May 2023 07:34:41 +0000 https://www.kenyanenterprise.com/?p=22770 A new model of supporting higher education stipulates that students who are vulnerable and in dire need will not be required to pay tuition starting this academic year. The funds, according to President William Ruto, will come from government grants, loans, and scholarships. He said students from needy households joining universities will receive Government scholarships […]

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]]> World Bank lines up Sh40bn Soft Loan for Kenya Power https://www.kenyanenterprise.com/sites/clarasituma/article/world-bank-lines-up-sh40bn-soft-loan-for-kenya-power/ Wed, 03 May 2023 06:06:55 +0000 https://www.kenyanenterprise.com/?p=22734 Kenya Power will receive a Sh40.8 billion ($300 million) interest-free loan from the World Bank to help it pay off debts, upgrade its dated transmission network, and broaden the country’s grid. According to information provided by the Bretton Woods institution, the Treasury will release the billions as part of a seven-year program called Green and […]

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]]> Saccos Purchase Loans as Bank Rates Rise https://www.kenyanenterprise.com/sites/clarasituma/article/saccos-purchase-loans-as-bank-rates-rise/ Tue, 31 Jan 2023 13:42:33 +0000 https://www.kenyanenterprise.com/?p=21305 Members of savings and cooperative organizations (Saccos) are selling off their bank loans because they are alarmed by the rate increases brought on by lenders transitioning to risk-based pricing methods. In an effort to protect borrowers from interest rates as high as 18 percent, some Sacco executives told the Business Daily that they are seeing […]

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]]> Fresh Rise of Bad Loans on Hard Economic Times https://www.kenyanenterprise.com/sites/inversk-review/article/fresh-rise-of-bad-loans-on-hard-economic-times/ Wed, 25 Jan 2023 07:04:42 +0000 https://www.kenyanenterprise.com/?p=21182 Bank bad loans grew for the first time in four months in October last year underlining the effects of the economic slowdown on businesses. Fresh data from the Central Bank of Kenya (CBK) shows the banking sector gross non-performing loans (NPLs) expanded by 2.5 percent to Sh504.2 billion in October from Sh491.8 billion in September. […]

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]]> Kenya Sees 5% Surge in Mobile Loans App Sign Ups https://www.kenyanenterprise.com/sites/inversk-review/article/kenya-sees-5-surge-in-mobile-loans-app-sign-ups/ Tue, 17 Jan 2023 09:44:15 +0000 https://www.kenyanenterprise.com/?p=21048 A surge in finance app installation and downloads for mobile loans rose by five per cent between January and September 2022, a new report shows, highlighting the growing prevalence of app-based borrowing use in the country. The study by mobile marketing analytics platforms AppsFlyer and Google also shows that app installs Ads or commercial spending […]

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]]> Kenya, World Bank Group In Talks Over A New Loan Deal https://www.kenyanenterprise.com/sites/inversk-review/article/kenya-world-bank-group-in-talks-over-a-new-loan-deal/ Wed, 07 Dec 2022 06:48:55 +0000 https://www.kenyanenterprise.com/?p=20493 Kenya still in negotiations with the World Bank Group for a fresh (Sh92.1 billion)  $750 million  concessional loan to be secured before the end of June next year. This will be Kenya’s fifth loan under the World Bank’s Development Policy Operation (DPO) framework, which has seen the country access $3.25 billion (Sh399 billion at the […]

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]]> A Third Of Loan Defaulters To Stay On CRB Blacklist https://www.kenyanenterprise.com/sites/inversk-review/article/a-third-of-loan-defaulters-to-stay-on-crb-blacklist/ Fri, 25 Nov 2022 12:44:41 +0000 https://www.kenyanenterprise.com/?p=20297 A third of Kenyan loan accounts are listed as defaulted with the country’s credit reference bureaus (CRBs) in an economy where Covid-induced job cuts, business closures and runaway inflation have pushed thousands of people into a debt trap. Central Bank of Kenya (CBK) data indicate seven million of the 19 million accounts listed with the […]

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]]> Tough Economy Pushes Households To Survive On Loans https://www.kenyanenterprise.com/sites/inversk-review/article/tough-economy-pushes-households-to-survive-on-loans/ Wed, 23 Nov 2022 11:19:19 +0000 https://www.kenyanenterprise.com/?p=20232 Families borrowed Sh213.5 million daily from commercial banks, microfinance banks, and Sacco’s in the nine months to September as a harsh cost of living pushes more people towards loans to settle their daily bills. Central Bank of Kenya (CBK) data shows households borrowed Sh58.3 billion from financial institutions between January and September signaling increased demand […]

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