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Central Bank of Kenya Governor Patrick Njoroge last week barred a number of mobile-based lenders from using the Credit Reference Bureaus (CRBs), denying them a critical tool in assessing creditworthiness of a potential borrower.
Besides unregulated mobile-based lenders, Central Bank of Kenya CBK also withdrew the approvals granted to unregulated credit-only lenders as third party credit information providers to CRBs.
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