This issue, was widely featured on Citizen TV yesterday, seems Horse has bolted, It will be interested to hear what the Digital Lenders Association has to say. Regards On Fri, Feb 14, 2020 at 10:14 AM Ali Hussein via kictanet < kictanet@lists.kictanet.or.ke> wrote:

Tevin

As far as I know the CBK only regulates and doesn’t enact laws. For such regulations to be in place and enforced the CBK Act has to be amended.

I’m sure the Digital Lenders Association of Kenya will have their say.

Regards

*Ali Hussein* +254 0713 601113

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"We are what we repeatedly do. Excellence, therefore, is not an act but a habit." ~ Aristotle

Sent from my iPad

On 14 Feb 2020, at 9:40 AM, tevin mwenda via kictanet < kictanet@lists.kictanet.or.ke> wrote:

 Good Morning Listers,

Might anyone be having a copy of the new CBK regulations on Money Lending Applications. Someone informed me that they have been released.

Thank you

Kind Regards

Tevin Mwenda Gitonga _______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet Twitter: http://twitter.com/kictanet Facebook: https://www.facebook.com/KICTANet/

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Also, as the discussion continues, let us recall that, before the repeal of the interest cap, much was on the kind of rates that banks used to charge its consumers from money lend to them. This resulted in the CBK Governor doing an op-ed on why this time round it will be different. He outlined Four pillars underpinning this vision: risk-based credit pricing, transparency, customer centricity, and entrenching an ethical culture in banks. http://bit.ly/39sptKy *Kind Regards,* *David Indeje * +254 (0) 711 385 945 | +254 (0) 734 024 856 Website: Khusoko <https://khusoko.com/> <https://www.linkedin.com/in/david-indeje/> <https://twitter.com/David_Indeje> On Fri, 14 Feb 2020 at 10:22, David Indeje <davidindeje@gmail.com> wrote:

The Banking Sector has only the "Banking Sector Charter" that represents a commitment from institutions in the banking sector to have an entrenched responsible and disciplined sector. https://www.centralbank.go.ke/uploads/banking_circulars/113414645_Kenya%20Ba...

*Kind Regards,*

*David Indeje * +254 (0) 711 385 945 | +254 (0) 734 024 856

Website: Khusoko <https://khusoko.com/>

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On Fri, 14 Feb 2020 at 09:42, tevin mwenda via kictanet < kictanet@lists.kictanet.or.ke> wrote:

...

Good Morning Listers,

Might anyone be having a copy of the new CBK regulations on Money Lending Applications. Someone informed me that they have been released.

Thank you

Kind Regards

Tevin Mwenda Gitonga _______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet Twitter: http://twitter.com/kictanet Facebook: https://www.facebook.com/KICTANet/

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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.

KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.