Business Daily | by Brian Ngugi
Banks have restructured loans worth Sh1.12 trillion or 38 percent of the total loan book by end of August due to the coronavirus-induced economic hardships that have hurt the borrowers’ ability to repay.
Personal and household loans top the list, with Sh271 billion reviewed since March or a third of the total loans whose terms have been changed.
This reflects the financial struggles of many workers who had borrowed loans on the strength of their pay slips…
