The Commercial Bank of Africa (CBA) now has the highest mobile phone loan, allowing their customers to borrow Sh3 million digitally. The Loop platform, received an upgrade and now allows customers to apply for loans.  
 
With default rates at less than ten percent, bank execs are more trusting to move in the direction of the mobile money movement.The General Manager for new business at CBA, Eric Muriuki shared customers are provided overdraft protection of up to Sh100,000 based on their financial history. 

According to the article, “In March this year, Kenyans transacted Sh337 billion through their mobile phones,compared to just Sh6.7 billion a decade ago in March 2008.”