loan defaults,Loan defaults Kenya Stories

Kenya’s loan defaults surge to Sh717.5bn as banks intensify recovery efforts amid financial strain
Lucy Mumbi  |  May 26, 2025

The CBK survey revealed that banks plan to ramp up loan recovery efforts in eight of the 11 economic sectors and maintain the current pace in the rema...

New law prohibits lenders from using threats on borowers during loan recovery
Lucy Mumbi  |  Jan 06, 2025

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

Hustler Fund disbursements fall sharply as govt struggles with loan recoveries
Lucy Mumbi  |  Jan 05, 2025

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.

Kenya Railways faces Sh3.5 billion penalty for defaulting on China’s SGR loan
Maureen Kinyanjui  |  Dec 05, 2024

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

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