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No, CRBs do not have the power to blacklist loan defaulters

There are currently three registered CRBs in Kenya - Transunion, Credit info, and Metropol. [iStockphoto]

Most members of the public believe that Credit Reference Bureaus (CRBs) are institutions that blacklist and prevent them from accessing loans.

For starters, CRBs are non-State entities regulated by the Central Bank. They were introduced in 2010 to collect and share information on borrowers, helping lenders make well-informed decisions before issuing a loan.

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