Impact of mobile loan credit during the covid-19 pandemic in Kenya

Oduor, Sandra Odera
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Strathmore University
This study sought to investigate the impact of mobile loan credit during the Covid-19 Pandemic in Kenya. The specific objectives included investigating factors fuelling mobile loan uptake during the pandemic and investigating the effects of the pandemic on loan repayment. A total of 352 participants from Buruburu were randomly selected to form the sample of the study. The response rate was 100% with majority of respondents falling in the age groups of 30 and below (53.41 %). A descriptive cross-sectional research design was adopted. The data was collected by using pretested, structured interview based questionnaires and analysed using SPSS version 20. The study established that employment amongst the youths is still a problem as the youths were the most borrowers with a percentage of more than 53.41%. The COVID 19 pandemic has made more Kenyans to borrow mobile loans as 42.90% of the respondents had never borrowed before the pandemic. This study recommends that the government should create more employment opportunities for the youths by investing in and promoting Jua Kali sector. This will reduce the dependence rate on mobile loans amongst the youths and negative CRB listing.
Submitted in partial fulfillment of the requirements for the Degree of Actuarial Science at Strathmore University