BREAKING NEWS :TALA, BRANCH & OKASH [Not affiliated to Any Banks] have been ordered to delist all the members they have listed with CRB and look for alternative ways to collect the money they lent. This is following research showing that they have been charging extremely high interest which is not in line with the Lending Act [2017] Cup 7c.
The main reason is they are not affiliated to any bank and have been charging exorbitant interests.
Most Kenyans cannot manage to pay,according to sources matiangi is expected to make the announcement on Monday.
The 4 main lending institutions will be banned until they meet the lending act(2017) cup 7c.
They will all be required to meet another requirement, They must be affiliated to a bank so as to continue lending to Kenyans.
Good move
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