Reasons for Being Listed as Loan Defaulter By CRB 2019 Onwards

Steve Oke Chapchap Market June 1, 2019 No Comments

Reasons for Being Listed as Loan Defaulter By CRB 2019 Onwards
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Being listed as loan defaulter by CRB in Kenya
Whenever you borrow money from any financial institution or credit advancing facilities it is always advisable to ensure that you repay your loan on time no matter how small the amount. The Credit Reference Bureau (CRB) is a platform that enables employers and loan or credit providers to check your status payment status i.e. whether you are a defaulter of if you pay your dues.

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Failure to pay loans borrowed from lenders like M-Shwari may affect you in future since once you get blacklisted by the CRB, you will be barred from processing any bank loans in future unless you pay your loan.

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