Loan defaulters have two days to pay or face CRB re-listing

 

Ministry of Finance, Treasury Kenya

 

Kenyans who are Loan defaulters and profited from President Uhuru Kenyatta’s March directive helping them against being listed by the Credit Reference Bureau (CRB) have until Wednesday to start paying their loans or risk re-blacklisted.


The six-month interim, structured by the head of state because of the pandemic on the economy, ends on September 30.


As such, all borrowers who will not meet their commitments will risk being re-listed on CRB if the halt will not be prolonged.


Jared Gatenga, the Chief Executive Officer of Credit Information Sharing of Kenya, said that they are anticipating orders from the Central Bank of Kenya on the matter.


According to a recent CRB study, over 3.2 million Kenyans have been blacklisted for defaulting on loans.

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