Last week, Central Bank of Kenya Governor Patrick Njoroge banned a number of mobile lenders from using the Credit Reference Bureaus (CRB), depriving them of an essential tool to assess the creditworthiness of a potential borrower.

In addition to unregulated mobile lenders, the Central Bank of Kenya CBK has also withdrawn approvals given to unregulated credit-only lenders as third party credit information providers to CRBs.

“The withdrawal is in response to numerous public complaints about the misuse of the credit reporting system by unregulated and exclusively dedicated digital lenders, and in particular their poor responsiveness to customer complaints.

As a result, unregulated digital and credit-only lenders will no longer submit credit information about their borrowers to CRBs, ”the CBK said in a statement.

It’s a blow to hundreds of fintech credit providers such as Branch International and Tala, which had become household names with almost every working smartphone in Kenya having a digital lending app.

List of mobile loan applications that have been denied access to CRB services.

1. Branch

2. Zenka

3. Tala

4. Opésa

5. OK

6. Okoléa

7. LionCash

8.i-Save Mobile

9. Lendi mkopo

10. Okoa cash loans

11. Fuliza branch

12. Investor

13. MB-Kash

14. iPesa

15. Kopa Jirani

16. FlashPesa

17. Zash loan

18. Kashway

19. Personal Kava loans

20. Kua

21. Palm Kenya Loans

22. Afrika loans

23. Mshiko Chap

24. Fast Loan Shop in Kenya

25. Felt

26. Hikash

27. MKash Bee

28. PesaFlash

29. Loans in pesos

30. Carbon

31. Hela Pesa

32. Eazzy loans

33. Fululiza Senti

34. Stawika

35. Tajiri

36. Loanika

37. Saida

38. Kuwazo

39. Just money

40. Loan loans

41. Umba (formerly Mkopo Kaka)

42. Uba Pesa

43. Okoa loans at 0% interest

44. Kash Pesa Loans

45. Fair Branch: Instantly and Precision

46. ​​Main lenders

47. HiCash Quick and easy loans at MPESA

48. Chap Chap Loans

49. Izwa loans

50. FinTech loans

51. Credit Imarika

52. Pesa Pata

53. Okolea quick loans

54. M-KOPAY

55. Okoa Pesa porridge

56. Rapid loan market in Kenya

57. Instant Money – Reliable Money

58. Pezesha

59. mKopa

60. tumaPesa

61. Duta

62. Saida

63. Aspira

64. Phedha Loans

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