The International Finance Corporation (IFC) has announced a technical assistance programme for the Central Bank of Kenya (CBK) and local banks to strengthen the recently introduced risk-based pricing mechanism for customer loans.
The programme, which has a budget of $514,345 (Sh72.7 million), will also see the IFC offer support to credit reference bureaus on how to provide better credit scores for small enterprises, use of alternative data for credit scoring and create awareness to borrowers on consumer protection practices.
