For all it's positive PR, banking the unbanked who are less financially savvy and have weak institutions to protect them, has also made them prime targets for p

For all it's positive PR, banking the unbanked who are less financially savvy and have weak institutions to protect them, has also made them prime targets for predatory banking practices. Similar to western countries, high yield loans target the most financially vulnerable, but unlike the US, Kenya doesn't have consumer protections or adequate bankruptcy laws. More details: https://www.bloomberg.com/news/features/2020-02-12/tech-startups-are-flooding-kenya-with-apps-offering-high-interest-loans https://www.bloomberg.com/news/features/2020-02-12/tech-star...