The linkage between access to credit and economic development of a country has been made more proficient with the Credit Information Sharing (CIS) mechanism in place, which has created an opportunity for a wider cross section of the population to access credit, particularly those with
The Central Bank of Kenya (CBK) has announced changes on the Credit Information Sharing mechanism in a bid to allow every Kenyan access credit.
The regulator has tasked all the Credit Reference Bureaus (CRBs) to make changes on customers’ credit reports to enhance the robustness of
The excitement around financial inclusion in Kenya is not without merit owing to innovative aspects of Fintechs and banks.
This has seen the birth of Fuliza and M-shwari through new value propositions, including flexible products and better ways to address the financial challenges faced by low-income