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Kenyans borrowed Kshs 150 billion in 2016

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Kenyans borrowed 160 billion shillings through the mobile phone platform raking in billions of shillings for telecom operators. Safaricom operated Mshwari was the market leader with transactions worth 100 billion shillings. The latest State of Mobile Money in Sub-Saharan Africa by GSM says the level of non-performing loans is also highest on the Mshwari platform at two percent.

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Mobile Money Africa KBC Safaricom Mshwari telecom operators
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