I have mixed feeling about this project.

1.It allows kenyans to get loans of between Sh100 and Sh10,000 at an interest rate of between three and 10 per cent.

2.The loans are repayable in 10 to 30 days.

Faulu and Airtel are counting on the credit reference bureau to help profile risky borrowers.
But its lack of security may prove a litmus test given that apart from listing the defaulters with the credit reference bureaus, it will be difficult to force defaulters to pay given the small amounts involved.

So what happens in case they default cz I see pitfalls in offering unsecured loans to faceless people.
I find it risky esp when Faulu starts the chase to recover loans.