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Make digital credit more affordable
The number of requests to Credit Reference Bureaus (CRBs) for the credit history of borrowers dipped for the first time since 2017. FILE PHOTO | SHUTTERSTOCK
About 1.8 million digital loan defaulters took advantage of a six-month credit repair window to settle their loans on relaxed terms, pointing to the many Kenyans desiring to have a clean credit rating.
The borrowers, many negatively listed for defaulting on loans of up to Sh1,000, were part of about 44 percent of the more than 4.2 million accounts targeted by the Central Bank of Kenya-backed initiative.
