loan defaults Stories

The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.

Kenya Kwanza had pledged to set aside Sh50 billion annually for the Hustler Fund, but allocated only Sh20 billion to the fund in its first budget.

Audit shows Kenya Railways' revenue from its operations was insufficient to cover the maturing loan obligations, leading to additional penalties.