The government through Central Bank of Kenya (CBK) has managed to remove 13 million loan defaulters from Credit Reference Bureau (CRB).
CBK governor has said such small sums has been the cause of a curse of youth unemployment leading to economic crisis. He adds that young people with vision and idea straight from college are denied loans to start businesses. However, this will no longer be the case as they can now access loans anywhere and anytime.
Also these skillful youth miss job opportunities as some employers demand clearance certificate from CRB hence locking out many qualified individuals
According to CBK data there are 378Million records held by CRB. This move by CBK came after president Uhuru directives to suspend listing of loan defaulters as government wants to cushion Kenyans from Coronavirus distress.
This new directive has brought relief to millions of Kenyans who are experiencing financial crisis due to job loss and pay cuts
And for the first time CRB clearance certificate will be provided at no charge.
Content created and supplied by: MJcreativez (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More