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Githae wants changes to credit data sharing

08 August 2012, 17:07

Nairobi - Finance Minister Njeru Githae plans to institute reforms to the credit information sharing process that has left thousands of Kenyan individuals and companies blacklisted and unable to access credit.

Speaking to Capital News, Githae said he was aware of the frustration borrowers faced when applying for loans, only to be turned away because their credit history had not been updated.

Githae went on to add that the problem is once your name has been sent to the Credit Reference Bureau; even if you pay your loan they will not remove your name for three years.

- For more visit Capital News


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