Borrowers defaulting on loans of less than Sh5 million will not be blacklisted at the credit reference bureaus (CRBs) while those already blacklisted will be dropped in a bid to cushion businesses recovering from Covid-19 hardships.
President Uhuru Kenyatta Wednesday announced the suspension of CRB listing for loans that were defaulted from last October and the relief from blacklisting will last to September next year.
