More than two-thirds of Kenyans have abandoned plans to take new loans this year, largely due to high costs, underscoring the impact of the slow response of commercial banks to Central Bank Rate (CBR) cuts.
Some 68 percent of Kenyan adults say they have shelved plans to apply for new loans over the next 12 months, up from 66 percent last year, a survey by Credit Reference Bureau TransUnion shows.
