Open Loans Kenya also provides Kenyans with investment opportunities. A private person in Kenya with excess cash can use the app as a way to invest. He can lend the money to another Kenyan he finds on Open Loans Kenya and earn an interest. He can secure himself by taking possession of security such as a car or a title deed.
Borrowers in Kenya can borrow from private persons as well as banks and other financial institutions in Kenya that they find (or find them on Open Loans Kenya).
In Kenya, it is legal for anyone to lend money. The Banking Act (CAP 488 of the Laws of Kenya) only regulates people who take one person's money for onward lending to another person. As long as you are lending your own money, you do not need a banking licence in Kenya.