In a recent speech, President William Ruto declared that at least four million Kenyans will be removed off the Credit Reference Bureau(CRB) database.
During a press conference with Safaricom, KCB, and NCBA CEOs, Ruto said that the ban will be lifted by November.
As many individuals have been shut out of the official borrowing system, this, according to Ruto, is a very significant step.
He suggested changing the model of listing defaulters and asked the credit bureau to take that path with hustlers to ensure they were not at a disadvantage.
The President went on to say that the government does not oppose credit listings and really backs CRB as a tool for enforcing fiscal discipline.
However, the President did not elaborate on the kind of defaulters who would be removed from the CRB.