Digital lenders bar borrowers over CRB freeze

central bank of kenya cbk


Business Daily | by Elizabeth Kivuva


Digital lenders will no longer give loans to new customers outside their existing database of borrowers, citing their continued freeze out of the credit reference bureaus (CRB).

Current rules bar the unregulated digital lenders from blacklisting defaulters, and they can only access a borrower’s credit information from a CRB with the express consent of the borrower and CBK…

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