The Credit Reference Bureaus (CRB) are licensed and regulated by the Central Bank of Kenya (CBK) and therefore work under certain guidelines.
CBK is there to protect the Kenyan borrowers and for this reason, there are some items which are to be provided by the CRB free of charge to borrowers.
Most Kenyans do not know this. In fact they just consider CRB as a bad idea meant to blacklist loan defaulters ,which is not true.
Read ; How CRB listing can benefit a borrower
There are three CRBs in Kenya licensed to collect, store and avail borrowers' information to the right individuals and or business entities especially lenders. The CRBs are Metropol CRB, Creditinfo CRB and Transunion CRB.
Read ; How to Contact CRB
Metropol, being the most popular CRB in the country has today revealed a big secret that most Kenyans don't know and it is to their advantage.
Through a social media post, Metropol revealed that it is any borrower's right to get a free CRB Report every year.
Here is the message;
Good morning,
Did you know that you are entitled to a Free CRB report annually?
Now you know. The law demands all Credit Reference Bureaus (CRB) and this includes Transunion CRB and Creditinfo CRB, to provide free CRB reports once annually when requested by the borrower.
The CRBs also are now according to the new guidelines, directed to issue Clearance Certificates for free to all first time applicants.
Read ; How to get free CRB Clearance Certificate.
Advertisements
Write a comment
Post a Comment
Loans Kenya Blog admin will never approve abusive or inciteful comments. In addition, avoid including sensitive or private personal information in your comments for your own online safety.