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<div>NAIROBI - The 14 days given to John Bigingi to repay a loan of 8,200 Kenyan Shillings ($72) had barely lapsed when he started receiving text messages threatening to call the contacts on his phone and expose him as a defaulter.</div><div></div><div></div><div></div><div></div><div></div><div>skypesa loan app download kenya</div><div></div><div>Download File: https://t.co/miXAyRYUDy </div><div></div><div></div><div>Experiences like Bigingi's are increasingly common as more cash-strapped Kenyans borrow from scores of unregulated mobile-based loan apps, though a group representing the sector said such practices were limited to a few "rogue" lenders.</div><div></div><div></div><div>Kenya's Data Commissioner Immaculate Kassait, who has been investigating complaints about lenders, said the legislation would curtail the abuse of private data by loan apps and boost compliance with the country's two-year-old data protection law.</div><div></div><div></div><div>With mobile penetration surging, a plethora of fintech start-ups have emerged, eager to tap into the high demand for loans from low-income Kenyans who struggle to access credit due to a lack of employment, collateral or guarantors.</div><div></div><div></div><div>But the sector has been largely unregulated, allowing some digital lenders to engage in heavy-handed tactics. "They called my boss and informed him that I had taken a loan and he should remind me to pay up," said 26-year-old accountant Susan Njeri, who took a two-week loan of 2,300 shillings from an app called Opesa.</div><div></div><div></div><div>"Your data is taken, it is used to profile you and attain data on your contacts and then sold on. In return, what you get is an expensive loan which you can't pay back," said Grace Mutung'u, digital rights expert at the Open Society Foundation.</div><div></div><div></div><div>The repayment duration for loans from this lender is from 91 days to 180 days . To pay a loan borrowers can do so via the app. Sky Pesa mpesa paybill number 4084161 is already integrated into the app. Account number is your mobile phone number if you prefer to pay via M-PESA menu.</div><div></div><div></div><div>10. Okoa Cash Loans11. Fuliza Branch12. Investor13. MB-Kash14. iPesa15. Kopa Jirani16. FlashPesa17. Zash Loan18. Kashway19. Kava Personal Loans20. Kua21. Palm Loans Kenya22. Afrika loans23. Mshiko Chap24. Kenya Quick Loan Shop25. Senti26. Hikash27. MKash Bee28. PesaFlash29. Peso Loans30. Carbon31. Hela Pesa32. Eazzy Loans33. Fululiza Senti34. Stawika35. Tajiri36. Loanika37. Saida38. Kuwazo39. Fair Money40. Lendy LOANS41. Umba (Formerly Mkopo Kaka)42. UbaPesa43. Okoa 0% Interest Loans44. Kash Pesa Loans45. Fair Branch: Instantly and Accuracy46. Top Loan Lenders47. HiCash Quick and Easy Loans to MPESA48. Loans Chap Chap49. Izwa Loans50. Fintech Loans51. Imarika Credit52. PesaPata53. Okolea Quick Loans54. M-KOPAY55. Okoa Pesa pap56. Kenya Quick Loans Market57. Instant Cash- Reliable Money58. Pezesha59. mKopa60. tumaPesa61. Duta62. Saida63. Aspira64. Phedha LoansRelated TopicsCRBCBKMobile Loan AppsMoneyDebtShare this articlewindow._taboola=window._taboola[];_taboola.push(mode:'thumbnails-a',container:'taboola-below-article-text-links',placement:'Below Article Text Links',target_type:'mix');googletag.cmd.push(function()googletag.display('div-gpt-ad-1657880875199-0'););googletag.cmd.push(function()googletag.display('div-gpt-ad-1657880875199-0'););.Trending NowExecutive changes that reshaped corporate Kenya in 2023High cost of living persists as inflation rate falls in DecemberRebecca Miano seeks to boost economic growth, lower cost of businessMaize farmers ask for better prices and more subsidies to make a profitIntrigues in Tuju's battle to save company from bank takeover.Popular this weekUDA shaken by Raila's plans to revive street demos in new yearPresident Uhuru's decision on Nairobi gubernatorial nominees welcomedHow Climate-smart forage grasses turned around milk yields for smallholder farmers in Western KenyaNew railway to transform NyanzaWant to leave Kenya? 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They are Okash, Opesa and Credit Hela.</div><div></div><div></div><div>Mobile loan apps like Okash, Opesa and Credit Hela may be minting millions in profits from loans, but their recovery methods and interest rates have raised red flags that have now seen legislators push to have them regulated by the Central Bank.</div><div></div><div></div><div>They then transferred all 8.5 million shares from the Kenyan firm to the Mauritian entity. Its profits attracted $170 million (Sh18.4 billion) from private equity firm Foundation Capital and Visa in 2019. At the time, the firm expected to earn $70 million (Sh7.5 billion) from its African markets alone. It has issued over 15 million loans to more than two million Kenyans.</div><div></div><div></div><div>On May 29, 2018, Mr Kinyanjui registered Finberry Capital Limited. Finberry Capital owns the Berry mobile loans application. The sole shareholder of Finberry is Adept Capital Limited, which was incorporated on February 23, 2018.</div><div></div><div></div><div>This application is only 10mb and has no ads, thus having a good user experience. All you need to access this loan is your smartphone and an M-Pesa Phone number that you will use to receive the money you will borrow.</div><div></div><div></div><div>It was the third loan that upended his life. He needed it to top up his rent, because by then a vicious cycle had begun, wherein he would pay off his loan then borrow again to fill the hole that the last payment had left in his finances.</div><div></div><div></div><div>The government has launched investigations into the operations of 40 digital lenders after numerous complaints from members of the public.In a statement to newsrooms on Wednesday, October 5, the Office of the Data Protection Commission (ODPC) said it's conducting a preliminary documentary assessment and audit on 40 Digital Credit Providers (DCPs) over breach of personal data privacy.According to Data Commissioner Immaculate Kassait, as of September 30, 2022, her office had received 1,030 complaints from members of the public.The office admitted 555 of the cases including 299 (54%) which were on Digital Lenders.Digital lenders on the spotThe lenders include Apesa, Asap Kash, Branch, Cash, Cash Sea, Collect Plus, Coopesa, Credit Ksh, Credit Moja, Deltech Capital Limited/Mykes loan, Direct Cash, Fair Cash, Flash Pesa, Lexi Cash and Hela Credit.Others are Hikash Kenya, Ikash Connet, Instar Cash, Ipesa, Kash Loan, KashBean, KashPlus, Kashway, Kesloan, Lemon Kash, Lion Cash/Grola Tech Ltd, M-Credit, Meta Loan, Mokash and PapKash. Poket Cash, Premier Credit Ltd, Rocket Pesa, Senti, SkyPesa, Tala, Wakanda Credit/Kashway, Zash Loan, Zenka Digital Limited and Zuri Cas are also targeted in the new crackdown.During the audit process, the Data Commissioner said, the lenders will be required to provide her office with requisite documents by October 18, 2022 failure to which they will be deemed to have failed to cooperate with the Office which is an offence under Section 61 of the Data Protection Act.The Data Protection (Complaints Handling and Enforcement Procedures) regulations, 2021 took effect in February 2022 paving the way for data subjects to file complaints and report data breaches to the Data Commissioner. googletag.cmd.push(function() googletag.display('div-gpt-ad-1636421699435-0'); ); Most of the lenders on the list are facing accusations of using threats to recover money from loan defaulters. Some have been accused of going to the extent of accessing borrowers' phone books and sending threatening messages to relatives and friends.At the same time, the Data Commissioner also issued an enforcement notice against Aga Khan University Hospital over an alleged breach of a patient's personal data.The patient is said to have filed a complaint with the commission after one of the staff at the hospital contacted them 'inappropriately'."A complaint was raised by a patient to the Data Commissioner that after visiting the Hospital, a staff later inappropriately contacted the complainant contrary to Sections 25, 41 and 46 of the Data Protection Act, 2019. (The Act)," the statement read in part.Kassait has since directed the hospital to put in place measures to prevent such acts in the future."In exercise of the Powers of the ODPC, the Data Commissioner directed the Hospital to outline specific measures it will take to mitigate or eliminate the breach/ contravention and to rectify and/or put in place structures within which the measures shall be implemented within 30 days," the Data Commissioner said."Pursuant to Section 58(3) of the Data Protection Act. 2019, any person who, without reasonable excuse, fails to comply with an enforcement notice commits an offence and is liable on conviction to a fine not exceeding five million shillings or to imprisonment for a term not exceeding two years, or to both," she added.While encouraging members of the public to continue sending their complaints, Kassait expressed her commitment to protecting personal data and enforcing compliance in the event of a breach of the laws."This is just one among many other complaints being investigated by the office. We want to assure the public that the complaints received will be investigated and concluded accordingly. All aggrieved members of the public are encouraged to continue sending their complaints via -a-complaint/," she stated. esadt.cmd.push( render: ['esk-605575227194-fsu', 'elm-esk-605575227194-fsu', 'macro': '%%CLICK_URL_UNESC%%'] ); Related Topics Follow us on Advertisement googletag.cmd.push(function() googletag.display('div-gpt-ad-1638798735123-0'); ); Latest Stories News 16 injured in Bomet accident</div><div></div><div> 356178063d</div>