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Mobile lending in Kenya has experienced a boom in recent years. Customers are able to apply for and receive loans through their mobile phones, and this has drastically changed Kenya’s financial landscape. Mobile lending is made possible through mobile money transfer technology, which was introduced in Kenya by Safaricom in 2007 via MPesa. There are three primary ways that it works: The first is bank backed, the second is mobile lending by non-bank finance institutions such as microfinance institutions and SACCOs, and the third is mobile lending by financial technology firms which do it through their mobile apps. We’re joined by Geraldine Lukania, Project Manager of FSD Kenya's Market Information Project to discuss mobile lending/credit, what makes it so popular, and whether it needs to be regulated. Press play! Resources Kenya moves to regulate fintech-fuelled lending craze M-Shwari leads Mobile lending industry The Draft Financial Markets Conduct Bill, 2018 The 2019 FinAccess household survey The 2016 Fi