The government, however, through the Kenyan central bank, has decided to intervene and has ordered the moneylenders to immediately forgive all loan defaulters so they can improve their credit score.
In an interview with a local media outlet, the outspoken governor of the Central Bank of Kenya, the honorable Patrick Njoroge, revealed that companies such as Branch and Tala violated the law by charging customers extremely high interest rates. We will investigate their licenses. He declared.
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Speaking to a local media station, the outspoken Central Bank Of Kenya governor honourable Patrick Njoroge disclosed that companies such as Branch and Tala went against the set laws and charged very high interest on the customers. "We are going to review their licenses." He stated.
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