Loan defaults Kenya Stories
According to the agency, the banking industry’s impaired loan ratio, which stood at 17.6 per cent in June, is unlikely to ease until public-sector arr...
Elite professionals, including lawyers, doctors, engineers and accountants, top the list of those who have not honoured their repayment obligations.
In her suit, Azziad accuses a savings and credit cooperative society (Sacco) of unlawfully attempting to auction her home despite her having cleared a...
Currently, at least 708,000 students are enrolled in Kenyan universities, and over 100,000 graduated this year.
Semester fees for students will now range from a minimum contribution of Sh5,814 to a maximum of Sh75,000, depending on the student’s level of need an...
In the period under review, gross loans issued by banks decreased by 2.7 per cent to Sh4.07 trillion from Sh4.18 trillion in 2023.
The waiver applies only to those who pay their full arrears at once through the HELB portal, mobile app, or USSD code *642#.
Education Cabinet Secretary Julius Migos Ogamba said the move is aimed at ensuring that all eligible students receive financial support and that no on...
The recovery follows a joint effort with Civil Registration Services, which enabled more efficient verification of death records.
HELB said applicants who registered using their KCSE index number must now revise their account details by adding their national ID number and first n...
According to HELB CEO Geoffrey Monari, accountants top the list of non-payment, with only 11 per cent of the active ones repaying their loans. Out of...
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...
The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.
