Digital lenders cut credit to Kenyans after CBK directive

central bank of kenya cbk
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The Standard |  by Patrick Alushula


Digital lenders have reduced lending by nearly half to shield themselves from higher defaults. This is after the Central Bank of Kenya (CBK) blocked them from listing borrowers in the credit reference bureaus (CRBs)

The micro-lenders say the blocking effected on April 14 last year, lowered the customer motivation to repay loans. It also took away the ability to identify good and bad borrowers…

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