Business Daily | by Otiato Guguyu
Banks will from Monday start listing thousands of loan defaulters with credit reference bureaus (CRBs) following the expiry of the three-month notice period for blacklisting borrowers of unpaid credit.
Lenders offered defaulters 90 days from October 1 to start repaying their loans after the Central Bank of Kenya (CBK) lifted the six-month freeze for listing borrowers who have failed to pay loans in the wake of the coronavirus economic fallout.
Now, the lenders are free to list the defaulters with Kenya’s three CRBs…
