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Loan defaulters face blacklisting as Uhuru CRB freeze ends

Fashion and Beauty

 15 million people are listed in the CRB. [iStockphoto]

Banks and Saccos will from Saturday start listing thousands of loan defaulters with credit reference bureaus (CRBs) following the expiry on Friday of the freeze announced by retired President Uhuru Kenyatta for blacklisting borrowers of unpaid credit.

The credit providers will be free to list the defaulters with Kenya's three CRBs - Metropol, TransUnion and Creditinfo International - jeopardising the chances of thousands of defaulters being able to borrow more.

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