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Truth Without Fear
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The share of loan defaults has increased to Sh539.3 billion, pointing to a cash crunch in the economy that could set up thousands of borrowers for property seizures.
The latest Central Bank of Kenya (CBK) latest data shows that 14 per cent of all loans were defaulted by the end of March this year, a sharp increase from 13.3 per cent or Sh500 billion in December 2022.
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