A Kenyan small-business lender says 92% of its customers repay on time, even as Kenya’s banking sector grapples with its highest non-performing loan ratio in years, making it an apparent outlier in a strained credit cycle. 4G Capital, which lends to micro and small enterprises in Kenya and Uganda, says its on-time repayment rate is 92%. Earlier, public disclosures have cited default rates of about 5%, with 95% to 97% of customers repaying on schedule. However, detailed portfolio-at-risk metrics have not been publicly disclosed. In February, the Central Bank of Kenya reported a gross non-performing loan ratio of 15.5%, underscoring stress across the wider banking system. Founded in 2012, 4G Capital says it has disbursed $889 million across 6.8 million loans to more than 723,000 customers...