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Is The CRB Listing Freeze A Blessing Or A Curse To Kenyans?

Vanessa Kamau by Vanessa Kamau
2 months ago
in Finance
3 min read
0
CRB

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Is the CRB listing freeze a blessing or a curse to Kenyans?

After the pandemic happened there were measures that were put in place to cushion Kenyans from their economic issues. One of the measures that was put in place was to money lenders, they could no longer list people on CRB for some time. But was this a good or bad thing? Getting a loan from these digital platforms has become more challenging because without the lack of threat that people can be listed on CRB people would end up defaulting. You can’t be ignorant to the fact that a lot of people have been suffering financially and there might be a possibility that a lot more people are unable to actually pay the loans back.

Is the CRB listing freeze a blessing or a curse to Kenyans?

After the pandemic happened there were measures that were put in place to cushion Kenyans from their economic issues. One of the measures that was put in place was to money lenders, they could no longer list people on CRB for some time. But was this a good or bad thing? Getting a loan from these digital platforms has become more challenging because without the lack of threat that people can be listed on CRB people would end up defaulting. You can’t be ignorant to the fact that a lot of people have been suffering financially and there might be a possibility that a lot more people are unable to actually pay the loans back.

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Tags: Central Bank of KenyacrbloansMoney
Vanessa Kamau

Vanessa Kamau

Vanessa Kamau is a young writer from Daystar University. She has been a writer for 5 years and enjoys it as a hobby and passion. During her free time she enjoys nature walks, discoveries ,reading and takes pleasure in new challenges and experiences. Contact: [email protected]

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