The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print
operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a
leading multi-media house in Kenya with a key influence in matters of national
and international interest.
Customers have defaulted on nearly a third of the Sh45.2 billion borrowed from microfinance banks (MFBs), piling more pressure on the small lenders.
Central Bank of Kenya (CBK) data shows gross non-performing loans for MFBs hit Sh14.7 billion in June 2022, up from Sh12.3 billion in a similar period last year.
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