Kenyans raid savings, borrow to repay loans as defaulters rise

Nearly 60 percent of Kenyans are raiding their savings to avoid falling behind on their loan repayments. 

Photo credit: File | Pool

One in every three Kenyans with an outstanding loan has been forced to borrow from another source to repay their other loans as hard economic times push more people to default on their obligations.

Nearly 60 percent are raiding their savings to avoid falling behind on their loan repayments. 

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