Nearly a third or slightly more than one million borrowers will be removed from the country’s credit reference bureaus (CRBs) following the central bank’s order to spare defaulters with unpaid loans of less than Sh1,000.
The move will enhance the borrowers’ chances of being able to borrow more in the latest cleanup of the CRBs’ blacklist—which has about 3.2 million Kenyans that have been negatively listed.
