Thanks to the Central Bank Of Kenya (CBK) report on the cost of credit, Kenyans can now clearly tell which financial institutions offer cheaper credit facilities.
This noble move by CBK has come at the right time given that banks have in the past advertised themselves as the cheaper alternative by exploiting borrowers' inability to compare the cost of loans from different banks due to many hidden costs.
The move by CBK has no doubt exposed the hypocrisy of banks which hide under a veil of philanthropy when in reality they are bloodsucking merchants.
