The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Most banks want to tighten their credit standards and make it harder for borrowers without collateral to access loans.
In the latest credit survey by Central Bank of Kenya (CBK), banks say the twin impact of interest rate cap and the onset of International Financial Reporting Standard (IFRS) 9 have complicated their ability to lend without collateral in an economy of growing loan defaulters.
Premium Article
Get Full Access for Ksh299/Week.
Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Stand With Bold Journalism.
Stand With The Standard.
Journalism can't be free because the truth demands investment.
At The Standard, we invest time, courage and skills to bring you accurate,
factual and impactful stories. Subscribe today and stand with us in the
pursuit of credible journalism.