Kenya: Have an Unpaid Water Bill? Kiss Getting Loans Goodbye

Tuesday, April 29, 2014

This follows a plan to have Credit Reference Bureaus ( CRBs) blacklist individuals and companies who default on utility payments. Mr Sam Omukoko, the managing director of Metropol CRB, said such defaulters would have their credit rating and risk affected, which could see them shunned by commercial banks, Saccos and microfinance institutions.

Source: Standard Digital Business (link opens in a new window)

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banking, cash lenders, lending, microcredit