Massive layoffs, pay cuts and unpaid leave policies adopted by Kenyan firms at the height of Covid-19 pandemic shocks last year did not trigger spikes in personal loan defaults, latest industry data shows.
Central Bank of Kenya (CBK) data suggests non-performing loans among households accounted for Sh1.9 billion, or 2.83 per cent, of the Sh67 billion loans that were not repaid in nine months through December 2020.
