Influence Of Mobile-based Lending On The Financial Performance Of Microfinance Banks In Nairobi County, Kenya

The microfinance banks play a critical role in the economic development of diverse countries across the world especially amongst the developing countries. Microfinance banks offer financial services to those members of populations that are excluded from accessing these services from conventional financial systems. Therefore microfinance banks are critical in improving access to the financial services of the poor since the banks do not require high collaterals for its customers. However, the microfinance banks continue to face challenges in their financial performance which include profitabilit…