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Tag Archives: lenders

Will The Banks Play Fair On Emergency Loans To SMEs?

Will Britain’s small businesses be able to use the Coronavirus Business Interruption Loan Scheme (CBILS) that the Treasury has pledged will supply life support to struggling firms? There are worrying signs that many may not – since the scheme opened its doors on Monday, many businesses have expressed their fears …

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Mobile loan shocker for the jobless, students

Are you jobless? And are you a student aged 25 years and below? If your answer to either of the questions is in the affirmative, you may not get a loan from digital apps going forward. MPs to probe digital money lenders over exploitation#####IMG000000001#####Mobile loan shocker for the jobless, students#####IMG000000001##########IMG000000001#####Mobile …

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Unemployed Kenyans to be Blocked From Loan Apps

Unemployed Kenyans and students may be denied loans after digital lenders put in place measures prior to a probe by Parliament as reported by Daily Nation on Saturday, March 14. Digital Lenders Association of Kenya (DLAK) Spokesperson Kevin Mutiso stated that the companies are developing strategies to lock out those …

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“Digital Borrowing to Blame For Suicides, Divorces…” Says MP

Mobile money lenders are a social menace and Parliament should probe them, Mathare MP Antony Oluoch said Wednesday. In his petition to the Assembly, the lawmaker claimed that lenders such as Tala, Mshwari, Fuliza, KCB M-Pesa, Absa, Branch, Shika, Ipesa, Berry, Okash and Zenka are unregulated. Oluoch wants the National Assembly, through …

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Which lenders were quickest to react to RBA rate cut?

Photo by Jared Sluyter on Unsplash After the Reserve Bank cut the official cash rate to 0.50% today, some lenders were quick to pass on the rate cut in full. Before today‘s rate cut, some commentators warned borrowers not to expect the banks to pass on the rate cuts, but a handful of lenders …

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UPDATE 2-NMC Health calls for debt standstill to stabilise finances

Hires Moelis to advise it on debt talks with lenders Asks banks for “informal standstill” on existing debt Main shareholders’ position triggered debt provision Affects terms of $2 billion bank debt and other facilities NMC bonds gain on Moelis appointment after sharp drop (Adds details of lenders, debt price reaction) …

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