Small businesses and individuals with good borrowing history can now obtain their credit scores and use them to negotiate better loan terms with banks if Parliament repeals the interest rate capping law, Kenya’s largest credit reference bureau, has said.
Metropol Corporation has developed a digital platform that enables borrowers to post their credit score-backed loan applications for lenders to bid with different interest rate offers, in a move that seeks to put credit market power in the hands of the borrowers.
