Mombasa Woman Representative Zamzam Mohammed has raised serious concerns over what she calls predatory practices by digital lenders in Kenya, revealing a personal ordeal in which she borrowed KSh 2,800 only to be asked to repay KSh 16,000. Tuko.co.ke – Kenya news.
In Parliament, she described a cycle of rising demands: first repaying about KSh 4,000; then later KSh 11,000; then KSh 14,000; and ultimately being pressured to return KSh 16,000 for the original small loan. Tuko.co.ke – Kenya news. Zamzam termed this “daylight robbery,” warning that many Kenyans are pushed into financial distress or even lose property when struggling with such debts. Tuko.co.ke – Kenya news.
She has called for urgent legislation to protect borrowers, including caps on interest or fees that exceed borrowed amounts, stricter oversight of loan-apps, and protection for consumers against excessive harassment. Tuko.co.ke – Kenya news.
