×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

No CRB listing for loan defaulters before 6 months

Cropped shot of a group of unidentifiable business people using their smartphones in a huddle. [File, Standard]

Up to 2.7 million Kenyans may be released from the clutches of credit reference bureaus (CRBs) after Central Bank of Kenya (CBK) ordered banks to review their listing rules.

CBK has issued a circular that will in effect align mobile loans to normal loans, meaning you will only be considered to have defaulted after six months.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in