Equity digitising SME lending with eye on higher repayments

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The overwhelming majority of loans from Equity Group Holdings are processed via mobile in Kenya, where the pan-African bank is now seeking to further push for digital SME lending, says Mary Wangari Wamae, the group executive director.

“Right now [in Kenya], about 95% of all the loan transactions in the bank are happening on the mobile [phone],” she told The Africa Report on the sidelines of the African Financial Industry Summit in Togo in late November.

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