The Central Bank of Kenya (CBK) has licensed 29 additional Digital Credit Providers (DCPs), increasing the number of regulated lenders in the country. This brings the total number of licensed DCPs to a new high, reflecting the rapid growth of Kenya’s digital credit sector.
The CBK reported that the gross outstanding loans held by licensed DCPs rose 99.6 percent from KSh55.2 billion in December 2024 to KSh110.1 billion in 2025. This growth is attributed to the expansion of regulated lenders into new areas such as business financing, education, development, and asset financing. The market has moved beyond traditional small mobile loans to offer a broader range of financial products.
Kenya’s digital credit market has seen significant expansion in recent years, driven by regulatory support and technological innovation. The CBK has been actively promoting financial inclusion by encouraging more lenders to enter the market and diversify their offerings. This has led to increased access to credit for individuals and businesses, particularly in underserved regions. The growth also highlights the role of digital platforms in transforming how credit is accessed and managed in the country.
The expansion of the digital credit market is part of a broader effort to enhance financial services in Kenya. As more lenders enter the space, the CBK continues to monitor the sector to ensure stability and protect consumers. The recent licensing of 29 new providers underscores the government’s commitment to fostering a robust and inclusive financial ecosystem.
