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Hard Facts

3:00pm - 7:00pm

Digital Debt Trap

The Comb

Saturday, July 25th, 2020 - 19 minutes

Easy lending, easy debt? It takes less than five minutes to get a small digital loan, and advocates say that lending apps are providing financial inclusion for the ‘unbanked’. But some young Kenyans are getting caught out by the high interest rates and small print.

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