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Photo/courtesy Banks to pay a KSh2 Million Fine for each Kenyan Denied Loan In regard to their CRB Information CRB Latest News: Kenyan banks, microfinance institutions and saccos can pay up to Sh. 2 million for each borrower they deny a loan due to CRB listing. this is often consistent with new regulation by the National Treasury. According to a report that appeared within the Business Daily on Monday, the National Treasury has introduced the fine during a set of regulations that are aimed toward cleaning up the CRBs blacklist and enhancing borrowers’ chances of having the ability to borrow more . “Lenders can only reject a Credit application because of other factors beyond credit scores earned via CRB listing. they're going to be expected to tell borrowers by writing about the explanations behind the rejection of their application ,” says the report. It also quotes the National Treasury cabinet secretary Ukur Yatani as saying within the new CRB regulations” “An inst...

Safaricom new CEO supervisor subsequent to getting pundits from client on his situation over Mswari credit defaulters on CRB clearance,he has propelled another strategy that will put a grin on the desolate substance of it's Mpesa clients .  This move will enable the clients to get to products and ventures at driving general stores nation wide, for example, Tuskys and Naivas and once installment is done by means of Mpesa,goods conveyance will be finished by the particular markets to clients at the solace of their inhabitants in the midst of this pandemic period.This, however,will additionally observe it's supporters get an astounding and moment 3% money discount on merchandise buy Ksh 1500 and above.Safaricom new CEO supervisor subsequent to getting pundits from client on his situation over Mswari advance defaulters on CRB clearance,he has propelled another strategy that will put a grin on the miserable substance of it's Mpesa clients.