Consumption Rather Than Investment the Main Driver for Digital Loans Appetite
In an economic climate where job creation remains sluggish and household incomes are stretched thin, digital loans have become an indispensable cushion for millions of Kenyans. This reliance has fuelled massive growth in the fintech sector. Industry data from the Digital Financial Services Association of Kenya (DFSAK) reveals an eye-watering average of Kshs 500 million…