President Uhuru Kenyatta on October 20 this year ordered the National Treasury and all financial institutions to work out a moratorium that will see Micro Small and Medium Enterprises (MSMEs) with less than Ksh.5 million have their information undisclosed to Kenya’s three Credit Reference Bureaus (CRB). The President’s directive also

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Metropol Credit Reference Bureau is conducting a pilot programme on how banks can use credit rating as a reference point to offer loans without collateral or a guarantor. Metropol Corporation Group Managing Director Sam Omukoko says the programme is being piloted in Nakuru county in conjunction with Equity Bank. Addressing business

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Credit rating uptake in Kenya has been on the rise as more lenders gradually adopt the risk-based lending mechanism. According to the Credit Reference Bureau (CRB) Regulation 2020, lenders are mandated to use a customer’s credit score when appraising a credit application and in determining the interest

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The credit information sharing industry in Kenya received a boost after the Credit Information Sharing Association of Kenya (CIS Kenya), launched a code of conduct governing unregulated credit information providers. The code of conduct was launched in Nairobi on Thursday, coming barely four months after the Central Bank

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