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CBK directive frees 13 million loan defaulters

CBK Governor, Patrick Njoroge.

?There are 13 million Kenyans who have been blacklisted at the Credit Reference Bureaus (CRBs) for defaulting on loans of less than Sh1,000.

Central Bank of Kenya (CBK) Governor Patrick Njoroge says such trifling sums have been a source of major economic crisis in the country, including the curse of youth unemployment.

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