Home Business Loan defaults by SMEs double in three years over Covid measures

Loan defaults by SMEs double in three years over Covid measures

budget, treasury, public borrowing
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The Standard | Dominic Omondi


Latest data from the Central Bank of Kenya (CBK) show that about 204,802 Micro, small and medium-sized enterprises (MSMEs) failed to service their loans for more than three months, weighed down by the containment measures aimed at curbing the spread of the coronavirus disease. Defaulters have doubled since 2017…

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