Loan Apps -Loan defaulters have every reason to smile after Zenka loaning App announced that it is writing off a whopping sh 166 million debts owed by clients.
Among those who are going top benefit from this positive directive are those who borrowed at the height of Covid-19 pandemic.
“As a socially responsible lender, we routinely and thoroughly analyze prevailing market situations and act proactively and pre-emptively to contribute to the country’s economic recovery by helping our customers regain their financial balance and grow,” said Zenka country manager Duncun Motanya.
Financial experts observed that this move by Zenka is part of the new changes by government aimed at making loans easily accessible to every Kenyan.
This will, therefore, help expand their businesses and other income streams.
