Government needs to regulate mobile phone based lending.

Mobile phone based loans have extremely exorbitant interest rates and are exploiting Kenyans. Unfortunately they are mushrooming everyday (now more than 30!). Investors in such entities must also look at the social and psychological impact of their investments on the low income people and push for ethical business models. Many studies have shown that this exploitative behaviors lead to high indebtedness among the poor(often a cycle of a person borrowing to repay another loan before eventually being completely unable to borrow) which leads to negative long term effects including suicides, family breakups and increased poverty. Parliament must also provide equal regulations for all credit providers with consideration on impact on ordinary citizens.