Business

Business
1
  • First there was Safaricom
  • Then there was M-pesa
  • Then there was sportpesa
  • The next big thing in Kenya will be a mobile loans app like Tala etc. Just my thought. Sportpesa birrioneas might head here when they are done with betting. This is just an opinion, not facts. With big banks denying mama mboga loans due to the rate caps, Shylocks masquerading as apps will carry the day.
2

I don’t Kenyans will be done with betting soon… Hii kitu imeshika sana and most of these loan apps mostly are used by bettors… Hizi loans muhindi tu ndo anakula

3

Sawa, okay

4

Kenyans aren’t done, but early investors are. There is competition so their returns will normalize.

5

By the way Sportpesa are going out with their IPO… hapa ni kujitoa polepole and I know gullible Kenyan’s will buy shares

6

but si mimi huona betting hata UK is big business

7

I think tala,branch and the rest are online Shylock’s already?
Mobile loans apps…they already doing roaring biz.

8

how do the people who ran these loan apps make money,given that hakuna colateral/security, so most who borrow hardly pay back in time if they so?

9

Following

10

Interest rates are very high and people pay back so that they can borrow more kama vile mshwari huwork.

Loan apps are minting money in this country in the billions

11

Why borrowers aren’t scared of defaulting on mobile loans
Majority of Kenyans borrowing loans from mobile phones do not believe they have to pay back, a situation that is troubling banks venturing in this lucrative but risky segment. According to the Central Bank of Kenya’s Financial Sector Stability Report, Non-Performing Loans (NPL) ratio for digital loans extended by banks is higher than that of the entire bank loan portfolio. “In 2016, the NPL ratio for bank digital loans averaged 26.98 per cent as compared to 8.53 per cent for all bank loans,” read CBK report in part. “In 2017, the difference was less pronounced, with an 11.4 per cent NPL ratio for digital loans as compared to a 9.69 NPL ratio on average for all bank loans.”
more at: https://www.standardmedia.co.ke/business/article/2001298362/why-borrowers-aren-t-scared-of-defaulting-on-mobile-loans

12

Uwes…my point is era ya supernormal returns imeisha. Even mpesa is big business here overall, but how much can you make from one shop??

13

tala na branch kushinda wameadvertise kwa simu
but mimi sishikiki ng’o!

14

The Mpesa agents make nothing at all. For most of them making 5k is almost impossible. Tried it but got disappointed with the margins. Instead I turned into a star*