Dangote Funds

Understand money before you borrow it. This is the information side of Dangote Funds: a plain-English curriculum that teaches Kenyans how borrowing really works. No sales talk, no small print, no jargon — just the numbers and the rules, explained the way a friend would. Six chapters, about 79 minutes in total. Read them in order as a first-time borrower, or dip into the one you need today. 1. How borrowing works in Kenya Who actually lends money, what "interest" really means, the difference between flat and reducing-balance pricing, the CBR you can check a rate against, and the Total Cost of Credit — the single number that lets you compare two offers in five minutes instead of a week. 2. Types of credit in Kenya The full menu: banks, microfinance banks, SACCOs, digital lenders, logbook lending, asset finance, mortgages, agricultural credit, education finance and group or chama lending — each with its typical cost, tenure and collateral. 3. Digital lenders and lending apps How the 2022 licensing regime changed the market, what a licensed provider must show you, what it may and may not do with your data, and a red-flags table for spotting a predator. A licence means "subject to rules" — never "cheap" and never "kind". 4. Your credit record What a CRB report is, what is actually in yours, your right to see it, how to fix an error, and the honest, unglamorous ways to build a record over time. 5. Rights, rules and regulators Who regulates what, what must be disclosed before you sign, the rules that protect you (including in duplum), how to complain, and to which body. 6. Borrowing safely Affordability arithmetic, the warning signs of over-indebtedness, the scams that target borrowers, and what to do when you cannot pay — before you miss a payment, not after. How the content is written - No hype and no fear. Nothing here scares you into borrowing or shames you when you are behind. - Numbers, not adjectives. "0.5% per day" beats "cheap". Every example is worked through to a total shilling figure. - Show the real cost. Daily fees are turned into annualised rates, so a tame-looking charge cannot hide. - Date every live statistic. Every figure carries the date it was read and a pointer to verify it. - Tell the truth about fees. These chapters never pretend that borrowing is free of upfront cost, because that is exactly what predatory lenders claim. Also included - A full glossary, so every term sits in one alphabetical place. - "The short version" at the end of each chapter — the whole thing in 30 seconds. - "Check yourself" questions, so you can test what stuck. - Sources and provenance: where each figure came from, and when it was last verified. Who it is for Anyone in Kenya who has ever signed something they did not fully understand — taking a first credit, comparing offers, or helping a chama decide. Rates and rules change. Every live number carries the date it was read, and the sources page tells you where to check it again.

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