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Loan defaults by SMEs double in three years over Covid measures

BUSINESS

CBK data shows that about 204,802 MSMEs failed to service their loans for more than three months, weighed down by Covid-19 containment measures.

Loan defaults by SMEs double in three years over Covid measures

By Dominic Omondi | 21 days ago

Let’s pay HELB loans to give others a chance at getting university education

Let’s pay HELB loans to give others a chance at getting university education

Helb says its poor financial situation is brought about by budget cuts and its inability to recover Sh9.5 billion from 85,000 previous beneficiaries.

Clay Muganda | 27 days ago

Lenders feel defaults pinch

Non-performing loans in property sector rose by 13.3b by end of last year.

Awal Mohammed | 1 month ago

What to do if you can’t pay off your loan on time

If you fail to make on-time payments, your loan goes into default.

Brian George | 1 year ago

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