Why not write off our small loans? Kenyans lament after major banks write off Uchumi’s Sh656m debt

Immediately after news broke out that the Kenya Commercial Bank (KCB) and Cooperative bank agreed in principle to write off a combined debt of Sh655.5 million, Kenyans were quick to react.

Through social media, a number did not seem to understand how the banks could let go of such a big amount of money.