Dial a loan: Mobile credit drives vibrant SME sector in region
A client using a mobile money service M-Pesa. Fintech companies have emerged to offer credit through the mobile phone, riding on the success of Safaricom’s mobile money service M-Pesa. PHOTO FILE | NATION
Lilian Maina, who operates a groceries shop in a densely populated estate in Nairobi, has become increasingly attached to her mobile phone because it is a lifeline for her business.
The device has three critical apps that come in handy when she needs credit — Tala, Branch and Okolea.
