Borrowers to get 50% discount on non-performing mobile loans – CBK
The Central Bank of Kenya (CBK) has announced the rollout of a Credit Repair Framework for mobile loans by commercial banks, microfinance banks and mortgage finance companies In a statement on Monday, November 14, 2022, CBK said that banking institutions will be required to provide a discount of at least fifty per cent of the non-performing […]
Loan defaulters: CRB listing moratorium ends in two days
The six-month moratorium, put in place because of the Covid-19 pandemic on the economy, ends on September 30.
Why you could soon be listed on CRB for failing to pay your child’s school fees
Irene Githinji and Charles Muasya @PeopleDailyKe Education Cabinet Secretary Prof George Magoha is proposing that the names of parents who deliberately refuse to pay school fees arrears for their children so that they can access their certificates be referred to the Credit Reference Bureaus (CRBs). He said schools should undertake an audit of cases where parents have […]