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Kenyans With Loans in Trouble As Worrying Details Emerge

The Corona virus pandemic crippled very many people financially as some lost jobs, their main source of livelihoods affected and even businesses closed down.

President Uhuru Kenyatta's government came up with various initiatives to caution Kenyans affected by the Pandemic such as Kazi Mtaani and allocation of funds for the less privileged in the society.

Most Kenyans opted to borrow loans as a precautionary measure against the negative effects of the Corona virus pandemic.

Reports from various Banks indicate that Majority of Kenyans have been unable to repay their loans.

According to a report by business daily newspaper, Sh569bn loans borrowers risk CRB listing.

Borrowers holding restructured loans worth Sh569.3 billion risk listing with credit reference bureaus (CRE) after the Central Bank of Kenya (CBK) allowed banks to review debt for those hit by the Covid 19 pandemic.

The CBK yesterday said that March 2 marked the end of the period for the loan repayment reliefs extended to borrowers facing.

Every Person should make efforts to ensure that they pay back the loans to avoid being blacklisted by CRB.

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

CBK Corona Kenyans


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