Fresh data from Financial Sector Deepening-FSD Kenya now shows that mobile loans top rejections at 33.7 percent, followed by mobile money providers at 16.9 percent. According to credit Refferencing Bureau Metropol, Kenya’s credit market continues to face mounting trust deficit with over 4 million adults or 14 percent of the population being denied loans, even as rising defaults and steep interest rates continue to weigh on lenders and borrowers. Speaking at the opening of the national credit market convention metropol managing Director Sam Omukoko linked high borrowing costs to the twin pressures of elevated interest rates and rising Non-performing Loans (NPLS)
