Kenya Lending Report 2026
Comprehensive statistics on lending, interest rates, and financial access in Kenya. Updated monthly with data from CBK, banks, and mobile lenders.
Key Statistics at a Glance
Source: Central Bank of Kenya (November 2026), PesaMarket aggregated data
Interest Rates by Loan Type
| Loan Type | Min Rate | Avg Rate | Max Rate |
|---|---|---|---|
| Personal Loans (Banks) | 12.0% | 14.5% | 24.0% |
| Business Loans | 13.0% | 16.2% | 26.0% |
| Mortgages | 11.5% | 13.8% | 16.5% |
| Credit Cards | 0% | 18.0% | 24.0% |
| Mobile Loans (Annual) | 36% | 120% | 365% |
| Logbook Loans | 24% | 36% | 48% |
Note: Mobile loan rates shown as annualized. Actual fees vary by provider. Data as of November 2026.
Top Banks by Personal Loan Rates
Rates for salaried employees with check-off. Rates may vary based on credit score and employer.
Mobile Lending in Kenya
Market Size
- Active Mobile Loan Users12.3 million
- Monthly DisbursementsKES 45.2 billion
- Average Loan SizeKES 3,650
- Default Rate14.2%
Top Providers by Users
- M-Shwari4.8M users
- Fuliza3.9M users
- KCB M-PESA2.1M users
- Tala1.2M users
Credit Bureau (CRB) Statistics
68% of CRB listings are for amounts under KES 5,000, primarily from mobile lenders. The 2023 CRB clearance campaign removed 540,000 people from negative listings.
Financial Inclusion Metrics
Access to Finance
- • 83% of adults have access to financial services
- • 67% have mobile money accounts
- • 32% have bank accounts
- • 28% have accessed formal credit
Source: FinAccess 2024 Survey
Borrowing Patterns
- • 65% borrow for emergency expenses
- • 18% borrow for business purposes
- • 12% borrow for school fees
- • 5% borrow for asset purchase
Source: FSD Kenya 2024
How to Cite This Report
This data is free to use with attribution. Please cite as:
Related Resources
Methodology
This report aggregates data from multiple sources including the Central Bank of Kenya (CBK), individual bank rate sheets, mobile lending apps, Credit Reference Bureaus, and our own platform data from user interactions.
Interest rates are updated weekly. Market statistics are updated monthly. For corrections or data inquiries, contact: data@pesamarket.com
Disclaimer: This data is provided for informational purposes only. Actual rates and terms may vary. Always verify with the financial institution directly.