Page 5 - Reference Bureaus News Today

Digital lenders will not blacklist defaulters of up to Sh1,000 loans in proposed Central Bank of Kenya (CBK) regulations.

A Chinese investor who owns mobile digital lenders across Kenya and Nigeria has received CBK approval to buy the majority stake in Choice MFB.

Traditionally, the deployment of guarantors has been popular among Saccos as a tool for providing security for their various loans.

Traditionally, the deployment of guarantors has been popular among Saccos as a tool for providing security for their various loans.

Only take money when the money you’re borrowing is going to make money for you

The credit bureau is the only independent source of truth on you to character when it comes to borrowing

This is the tenth time we are celebrating our nationhood, identity, and diversity away from the capital city of Nairobi.

Covid-19 wiped out 34 per cent of jobs in the micro-enterprises.

A lot of vital information on loans may be easily accessible to the public because of gross misuse of the credit information sharing (CIS) mechanism, the central bank of Kenya cautioned. According to local media reports, Kenya had 1,994 third-party data providers allowed to share borrowers’ loan defaults and payments with Credit Reference Bureaus (CRBs), […]

624 digital loan firms barred from sharing client data with CRBs Friday May 28 2021 By JOHN MUTUA Summary Fresh data shows that Kenya had 1,994 third-party data providers allowed to share borrowers’ loan defaults and payments with Credit Reference Bureaus (CRBs). The banking regulator attributed the fall to the ban, which followed outcry over widespread misuse of the credit information sharing (CIS) mechanism. The Central Bank of Kenya (CBK) locked out 624 digital lenders and credit-only prov...