Credit types: Where do you borrow cash from

THE STAR INFOGRAPHIC

The Old Mutual Financial Services Monitor 2024 reveals that Kenyans are increasingly relying on various credit sources to sustain their livelihoods.

Mobile loans are the most popular, accounting for 35 per cent of borrowing, followed by personal loans from friends or family at 20 per cent.

Personal loans from financial institutions and banks make up 19 per cent and 17 per cent, respectively.

Other sources include Chamas (11 per cent), SACCOs (8 per cent), and microfinancers. Credit cards and student loans are less common.