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"CRB Suspension Was Only For MSMEs" Clarifies CRB Regional Manager

East and southern Africa credit info group regional manager Kamau Kunyiha,has clarified that the focus on president Uhuru Kenyatta directive in the suspension of credit reference bureau was on micro small and medium enterprises and not everyone.

Speaking during a live interview on citizen television,Kamau further added that the order by the president was directed to the treasury to consult stakeholders and define on how the directive will be implemented.

"If there is no data to enable banks properly evaluate the risk of the micro small and medium enterprises,the probability is that they will not lend to them.Suppression of the credit reference bureau data may actually have an opposite impact than what is intended by the directive" Kamau Kunyiha said.

Kamau Kunyiha further said that the nature of discussions with stakeholders would define who micro small and medium enterprises are and who individuals are in the context of implementing president Uhuru Kenyatta's directive on credit reference bureau.

He further added that once the discussion comes to a conclusion,implementation of president Uhuru Kenyatta directive will take place. 

Content created and supplied by: IndusaTonny (via Opera News )

Africa East Kamau Kunyiha Uhuru Kenyatta

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