Kenya's Mobile Generation Accesses Loans Through Phones

February 18, 2016 06:45 PM
Embed
This program will begin at
This program has ended and is being processed for playback.

Interest rates on business loans in Kenya can go as high as 26 percent. But an American "techpreneur" has developed an app through which Kenyans can get loans at reduced rates via their mobile phones and Facebook. Lenny Ruvaga reports from Nairobi.