Rough road for non-banked lenders in supporting motorbike ownership

Boda-boda riders maneuver their way in a traffic jam in Eldoret City, Uasin Gishu County on January 7, 2025.

Photo credit: File | Nation Media Group

Over the past few years, Kenya’s financial sector has undergone significant evolution, marked by setbacks, innovations, successes, and radical transformations in services, products, policies, regulations, and linkages.

The growth has mostly been fuelled by digital lending institutions, including telcos, fintechs, and other non-bank players, reshaping credit access.

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Note: The results are not exact but very close to the actual.