Digital lenders unveil their own lobby : The Standard

Digital lenders in the country have unveiled their own lobby. The Digital Lenders Association of Kenya (DLAK), they said, is aimed at promoting industry best practice and driving a coordinated approach in addressing the emerging issues in the industry. The 12 founding members are Tala, Alternative Circle, Stawika Capital, Zenka Finance, MyCredit, Okolea, LPesa, Kopacent, Four Kings Investment T/A Sotiwa, Kuwazo Capital, Mobile Financial Solutions, and Finance Plan Ltd.

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DLAK Chairperson and Zenka Finance Chief Executive Robert Masinde said they have a defined the code of conduct that members are required to adhere to. “A vibrant and diverse digital lending sector has successfully established itself in the country and we feel the time is right to give it a voice and promote global best standards,” said Mr Masinde. He said their strategy will be determined by a strategic committee in which each company will be represented by its head. Vice Chairperson Rose Muturi said the lobby aims to create the right environment for technology-backed lenders to become more sustainable. 

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Mobile loansDigital lendersDigital Lenders Association of Kenya