Loan defaulting on rise, report

Report shows that 16.6 percent of borrowers are defaulting on loans completely. [File, Standard]

A new FinAccess Household Survey reveals that 81.7 per cent of Kenyans are financially unhealthy, struggling to manage daily expenses and invest for the future.

The survey, conducted by the Central Bank of Kenya (CBK) in collaboration with the Kenya National Bureau of Statistics (KNBS) and Financial Sector Deepening (FSD) Kenya, highlights a worrying decline in financial preparedness for the future.