Kenyans are waiting for the new government to address the issue about the Credit Reference Bureau (CRB). During President Ruto’s campaign, he said that many Kenyans are blacklisted in the CRB and majority of them are the owners of micro-businesses and they are the backbone of the economy of Kenya.
President Ruto promised to allocate 50 billion to fund micro, small and medium enterprises to help small business owners. In his speech during inauguration, he said that his plan is to shift the CRB framework for the issue of blacklisting borrowers from accessing more loans.
However, the CRB Managing Director Sam Omukoko clarified that they are not beasts as many people say. He said that they are just custodians for credit history for individuals and businesses. He concluded that the CRB framework from President Ruto’s speech is not to abolish CRB but to enhance refining the use of Credit Score to incentivize borrowers.
Kenyans should be aware that no one can delist anyone from CRB and that One can clear his or her name by paying defaulter’s debt and the system automatically changes status from a defaulter.
The fee required is to acquire a clearance certificate, Kenyans are advised to pay their loan debts in order to be delisted.
By Calvin Nagatia