Loan defaulters: CRB listing moratorium ends in two days

By , K24 Digital
On Mon, 28 Sep, 2020 12:10 | < 1 min read
Patrick Njoroge
Central Bank of Kenya Governor Patrick Njoroge. PHOTO | FILE

Kenyans who benefited from President Uhuru Kenyatta’s March directive shielding them against being listed by the Credit Reference Bureau (CRB) have until Wednesday to start paying their loans or risk being listed.

The six-month moratorium, put in place because of the Covid-19 pandemic on the economy, ends on September 30.

As such, all borrowers who will not meet their obligations will risk being listed on CRB if the moratorium is not extended.

Jared Gatenga, the Chief Executive Officer of Credit Information Sharing of Kenya, said that they are waiting for the Central Bank of Kenya directive on the matter.

According to a recent CRB study, over 3.2 million Kenyans have been blacklisted for defaulting on loans.