Connect with us


66pc of Kenyans report improved economic situation of their families- DLAK – Capital FM Kenya






Hi, what are you looking for?
Covid-19 accelerates digital explosion in Kenya       
Konza in talks with T.D Jakes foundation to build its exposure
KRA reiterates commitment to strengthen stakeholder relations
Google wins UK legal case over iPhone tracking
SMEs urged to re-think their approach to digital transformation
KRA reiterates commitment to strengthen stakeholder relations
Safaricom’s Stephen Chege named Vodacom Group senior boss
Kenya records 36pc women membership in boardrooms
Capital FM, EABL and MSK in partnership to launch marketing-driven podcasts
KAM unveils ‘uKAMilifu’ initiative aimed at tackling poverty
Gov’t launches drive to register 15 million unlicensed SMEs
Kenya’s revenues estimated to rise by 18 pc in 2022/23 fiscal year – PBO
UN warns food insecurity to worsen in Somalia by May 2022
KRA reiterates commitment to strengthen stakeholder relations
South Africa’s economy expected to grow 5.1 percent in 2021
Finding Opportunity in the midst of the pandemic: AskKirubi
COVID-19: Lessons Learned and Future Direction for Entrepreneurs
Kirubi set to acquire half of Centum Plc following nod by CMA
Kirubi warns investors against fake cryptocurrency platform using his name
Sticking to Your New Year Resolutions: AskKirubi
NAIROBI, Kenya, Nov 16 – A new survey revealed by the Digital Lenders Association of Kenya (DLAK) has revealed that 65.7 pc of Kenyans reported improved economic situation of their families compared to the last six months.
Thirteen percent of the 1,000 digital clients surveyed said the economic situation had worsened while another 20.9 percent said the situation was unchanged.
This comes in the wake of the easing COVID-19 containment measures which improved growth across all sectors including those that had been hard hit by the pandemic such as the tourism and transport sectors.
The survey which was conducted between October and November 2021 noted that 45.7pc Kenyans reported increased incomes compared to the last six months.
Twenty-three percent noted they earned visibly less than before while 28.2 percent reported no change.
Another 69.1pc told the pollster they were positive that the economic situation in the next 6 months would improve while 27.6 percent were unsure of the economic outlook.
Overall, the majority of respondents (82.4 percent) said they were willing to continue borrowing digital loans to invest in businesses including stocks.
Sixty-two percent of these borrowers said they would go to digital lenders as their first option, banks (15.9), and then to family and friends (22.1)
“Tough economic situations were the topmost reason why most Kenyans would miss their loan repayment deadline- especially when businesses are not performing well,” the survey added.

Advertisement. Scroll to continue reading.

window.googletag = window.googletag || cmd: [];
googletag.defineSlot(‘/21554831/001cfm’, [[320, 480], [320, 50], [468, 60], [300, 50]], ‘div-gpt-ad-1583743334235-0’).addService(googletag.pubads());

googletag.cmd.push(function() googletag.display(‘div-gpt-ad-1583743334235-0’); );

In terms of the spending patterns with a credit of between Ksh 10,000-100,000, investing in business was listed as a top priority at 55.5 percent followed by unexpected expenses (24.8) and  Education (12.3).

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight…
NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any…
NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead…
It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be…
NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March…
NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety…
NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of…
NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the…
© 2020 Capital Digital Media. Capital Group Limited. All Rights Reserved


The post 66pc of Kenyans report improved economic situation of their families- DLAK – Capital FM Kenya appeared first on CmaTrends.



Skip to toolbar