Barely half of Kenyans utilised CBK's 50pc cut on defaulted loan

Sam Omukoko Group Managing Director Metropol corporation. [Wilberforce Okwiri, Standard]

Only 40 per cent of borrowers who had been listed negatively took advantage of the regulator's call to pay half of what they owed their lenders in exchange for a clean record, a credit reference bureau has revealed.

The reprieve was to give borrowers a clean slate with lenders which was one of President William Ruto's goal as he sought to liberate seven million Kenyans listed negatively.

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