Prime

Relief for M-Shwari defaulters as CRB listing suspended

Borrowers on the platform will not be charged additional 7.5 percent fees if they roll over debt to the following month. FILE PHOTO | NMG

By  CONSTANT MUNDA

Correspondent

Distressed borrowers on NCBA Group #ticker:NIC-owned mobile lending platform, M-Shwari, have been handed a month’s relief on late payment penalty.

This is as a result of economic effects of measures Kenya has taken to contain the spread of coronavirus in the country.

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