Connect with us

Politics

4 million Kenyans to be ejected from CRBs blacklist

4 million Kenyans will have the opportunity to grow their credit score once again, after ejection from CRBs blacklist.

Published

on

Speaking on Wednesday during a joint press briefing held by Safaricom, KCB and NCBA Bank, President William Ruto promised that the 4 million Kenyans blacklisted for defaulting loans will be ejected by November 1 2022.

“Instead of blacklisting we can have a graduated listing of borrowers based on how they have borrowed and how they have paid back,” he said.

The president said that his government is not against credit reference bureaus (CRB), adding that they are “just changing the model” and lowering the cost of credit is part of multiple interventions to lower cost of living by his administration.

Courtesy// Twitter

“This is a positive development for millions of Kenyans who are excluded from accessing credit. We have the largest opportunity in enabling credit access to Micro,Small, and Medium Enterprises (MSMEs).” Dr Ruto added.

President Ruto lauded the move saying it will give the listed Kenyans a fresh opportunity to access credit and put end to exploitation from what he described as “predatory lenders”

The announcement by Dr Ruto was made on the same day that Safaricom lowered its interest rates on Fuliza by 40 percent and that there will be a three-day grace period where no maintenance fee will be charged. Since its introduction in 2019, Fuliza has risen to become the leading mobile loan, disbursing Ksh 1.5 billion daily.

Courtesy// Twitter

President William Ruto wants mobile service provider Safaricom, NCBA Bank and Kenya Commercial Bank (KCB) to introduce loan schemes for Small and medium enterprises.


Scoop

Jalang’o: No more club hosting and club appearances

7 Responses from Jalang’o concerning his shift of industries

Published

on

The shift of industries has been witnessed with the current election results. Among the major ones, is Jalang’o, also known as Heavy J, who shifted from the media and entertainment industries to politics.

How will he maneuver his career? Will he still make club appearances? The Mp Langata-elect took to his social media to address some of his fan’s concerns regarding his career.

Photo Courtesy

1. Will you still be doing radio?

For now, Lang’ata is my No.1 priority. Delivering on our manifesto and the promises we made to the electorate. Radio is my love and if I get a morning show that ends by 9 so that I can make it for bunge on time then why not? I know many MPs who still do their jobs and deliver for their constituency.

2. Will you be hosting club events and club appearances?

No! My new job comes with a lot of responsibilities, hence the time for clubs may not be there anymore.

Photo Courtesy

3. Will you still do advertisements?

Hell Yeah! A lot of them! We will actually be working with the young people of Lang’ata in concept development and filming. I want to train as many young people as possible in our resource centers.

4. What will it take for advertisers to work with you?

For me to be a brand ambassador of your product, you must commit to take up and support a community project in Lang’ata.

5. What’s next for Jalang’o TV?

Jalang’o TV is now in the hands of my team. However, once or twice, I will be hosting high-profile and political interviews. I will also use it to showcase the different projects we are doing in Lang’ata

Photo Courtesy

6. Any advertisers who are on board already with your ideas?

We have already started talking to our different partners about how we can work together on different projects. For instance, Mwananchi Credit, where I am the brand ambassador is already committing to sink 20 boreholes in Lang’ata.

7. What is your goal with the above approach?

There is more value when you lift a community than an individual, I want to use my talent and connections to help uplift Lang’ata!

Continue Reading

Trending