Business Daily | by Otiato Guguyu
More than 337 unregulated digital mobile lenders and micro financiers have been barred from forwarding the names of loan defaulters to credit reference bureaus (CRBs).
The CRBs say the number of firms allowed to blacklist defaulters with the bureaus has dropped to 2,254 in September from 2,332 in May last year.
The drop is linked to the directive by the Central Bank of Kenya (CBK) delinking unregulated digital mobile lenders from CRBs following public outcry over widespread misuse of the credit information sharing (CIS) mechanism…
