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The Standard Group Plc is a
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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.
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