President Uhuru Kenyatta has directed the National Treasury to effect a moratorium of listing in CRBs, for loans less than Ksh 5 million for a period of 12 months to end September 2022. This is according to a directive by President Uhuru Kenyatta who was speaking during the Mashujaa Day celebrations held in Kirinyaga County. […]
The owner of the company that was listed in the Credit Reference Bureau (CRB) for defaulting to offset a Sh24 debt has lost the bid to have Ecobank pay him damages for alleged defamation. Charles Gitundu Mwangi, the proprietor of Rural Technology Enterprises Ltd was listed on the CRB in December 2013 after he failed […]
A report by Credit Reference Bureau (CRB) for the seven year-long mobile lending in Kenya has revealed that Kenyan mobile loans market is dominated by borrowers aged between 31 and 50 years with the banking sector dominating the lenders list with 93 percent of the loans market. The report shows most borrowers, at 66 per […]
Central Bank of Kenya has nullified listing of loan defaulters to credit reference bureau. Millions of Kenyans have been listed on CRB, which permanently blocks them from accessing another loan before clearing with them at a fee. CBK has issued a new directive to commercial banks,m stating that a borrower will only be considered to […]
