Loan defaulters can now clear their CRB at a 50% discount after the Central Bank of Kenya announced a Credit Repair Framework.
The notice indicated that the framework will cover loans with a repayment period of 30 days or less and was offered by these institutions through mobile phones.
“It is anticipated that the Framework will enable over 4.2 million mobile phone digital borrowers, adversely listed with CRBs, to repair their credit standing.
Press release: Credit Repair Framework pic.twitter.com/Ay9eZVisyP
— Central Bank of Kenya (@CBKKenya) November 14, 2022
The offer will end on May 31, 2023.
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