One does not need to have a bank account to access a loan, but he or she must own a mobile phone with mobile money platform M-Pesa and a connection to social media sites, such as Facebook.
Mobile phone purchases on EMI are helping individuals in the informal sector create a formal credit history, enhancing access to other loans. Digital lending and no-cost EMIs from lenders like ...
Mobile phone purchases on EMI are helping informal sector workers build credit histories, making them eligible for future loans. This trend, supported by digital lending and government initiatives ...