Demand for loans to finance household consumption has gone up on the back of optimism about growth of the economy, signalling a fall in the concerns over Covid-19 that forced people to curtail discretionary spending in the past year.
Credit growth to the consumer durables segment, which includes goods such as home electronics, computers, jewellery, vehicles and furniture expanded by annualised rate of 16.5 percent in October, Central Bank of Kenya said.
