Business Daily | by Patrick Alushula
Banks cut digital lending to customers in the wake of a rise in non-payment following the six-month freeze on listing defaulters with credit reference bureaus (CRBs).
KCB Group, Equity, and NCBA all reported that they had slowed down digital loans to avoid higher defaults in the wake of listing freeze that lasted between April 1 and end of September.
The lenders say listing relief that was offered by Central Bank of Kenya (CBK) reduced the motivation of customers to repay the loans…
