Kenya's commercial banks fall in line on credit scoring for loanees

Kenyan commercial banks are tilting usage of credit background information on borrowers in an attempt to categorise loans according to risk, rather than impose blanket denials on defaulters.

And the new policy announced by 23 Kenyan lenders, with affiliates in the region, could adjust the perception against credit reference bureaus (CRBs), the traditional custodians of background information on borrowers, but who often charge hefty fines to give certification on risks.