Digital Borrowing And Personal Finance Among Students In Selected Christian Universities In Nairobi County – Kenya

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International Journal of Scientific and Research Publications


Technological advancements in the financial sector have revolutionized the order of borrowing. Digital lending platforms have emerged, offering quick access to funds by many borrowers with no collaterals, no need for paperwork, complete and remote accessibility, and the use of digitized data to determine the creditworthiness of the borrowers. The purpose of this study was to investigate the relationship between digital borrowing and personal finance among students in selected Christian universities in Nairobi County, Kenya. The study used the financial intermediation theory, innovation diffusion theory, time preference theory, and the finance and inequality theory. A descriptive research design was utilized for primary and secondary data, and the primary data was collected using a questionnaire. The data was then cleaned, coded, and organized for analysis using the Statistical Package for the Social Sciences (SPSS). After analysis, the data was presented in charts, tables, and figures. The findings indicated that the most common digital borrowing platforms are Okoa Jahazi, Tala, Branch, Fuliza, Mshwari, KCB Mpesa, KCB App, MCo-op Cash, and Eazzy Banking App. The study also established that students in the sampled Christian universities highly depended on their parents for upkeep and that their digital loans were mostly for for emergencies and investment activities. Spearman correlation was used to determine the relationship between the dependent variables (savings, spending, and investment) and the independent variables (application-based lending and mobile-based lending), resulting in a moderate positive correlation and a significance level of P<0.001. It was concluded that digital borrowing significantly and positively affects personal finance. The study recommends a change of the digital credit system and an efficient and effective regulation for all digital lenders.




Digital borrowing, Personal finance, Finance, Mobile loans


Nzisa, S. M., & Kithandi, C. K., (2023). Digital Borrowing And Personal Finance Among Students In Selected Christian Universities In Nairobi County – Kenya: International Journal of Scientific and Research Publications, Vol. 13(4).