Chege-jr0/Kenya-s-Digital-Lending-Boom

A Data Driven Analysis of Digital Credit, Over-Indebtness, and Borrower Risk in Kenya(2019 - 2025). # Kenya-s-Digital-Lending-Boom A Data Driven Analysis of Digital Credit, Over-Indebtness, and Borrower Risk in Kenya(2019 - 2025). # Why this Project Young Kenyans facing competing financial pressures: day to day expenses, business aspirations, limited saving buffers and concerns about financial future Recently there was a report released by Old Mutual that Kenyans Aged 20-29 are borrowing to meet their day-to-day expenses. However as young Kenyans getting into debt increases, some Kenyans are borrowing to invest, with 26% taking loans to purchase stock or fund business activities. The report also revealed that 27% of young people continue to receive to receive financial support from family, friends, and local or international networks, besides employment and business. According to the report, 83% of Kenyans in employment are concerned about their financial future, making them the most optimistic age group surveyed. The report also revealed that only 36% of young Kenyans can be sustained for at least 3 months upon losing employment. Despite the reliance on credit, savings remain a major priority among young Kenyans. 97% have a savings goal, with starting a business emerging as the leading priority as 29%. This findings prompted to explore one possible factor contributing to this growing reliance on credit: the increasing accessibility on digital loan applications in Kenya. # Project Overview Kenya emerging as Africa's fintech capital, home to M-pesa, over 50 licensed digital lenders and millions of mobile credit users. But beneath the success story, a critical story is emerging. 1. Is Kenya's digital lending boom building financial resilience or creating a debt trap for low-income borrowers? This project analyses publicly available data from the Central Bank Of Kenya, Financial Sector Deepening Kenya, Credit Reference Bureau Africa, and the World Bank to examine: 1. The explosive growth of digital lending between 2019 and 2025? 2. CRB Blacklisting trends …