×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

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

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sports
Kenya basks in 10,000m glory at African Senior Athletics event
Sports
Stage set for World U20 Champs trials
Football
Ingo derby now a huge test for AFC Leopards' title credentials
By Ben Ahenda 21 hrs ago
Boxing
Okong'o leads experienced boxers into finals