Micro-lenders should work with regulators

Recently, there has been much publicity about the 1.5 million Kenyans who have been negatively listed on the Credit Reference Bureau (CRB) as a result of borrowing from micro-lenders.

— by Kevin Mutiso

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Creditinfo & Alternative Circle

Creditinfo Kenya has been instrumental in helping us build our mobile lending platform – Shika, which is a micro-lending app, through assisting us with building our credit rating technology that we use to score our users when giving out loans. They have been extremely helpful partners with a team that is committed, reliable and solution driven. We are glad to be associated with them.

— Kevin Mutiso, CEO Alternative Circle

Creditinfo acquires a Kenyan mobile financial services provider to facilitate financial inclusion

On Friday, 24th March 2017, an agreement was signed between Creditinfo Group and Alternative Circle, a Nairobi-based mobile financial solutions innovator, to facilitate financial inclusion in Africa. Seed capital, as well as extensive Creditinfo expertise in classic and alternative credit risk management, will empower Alternative Circle to enable access to consumer data that was unavailable before, therefore lowering barriers to a wider population to get access to finance.

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