NAIROBI, Dec. 5 (Xinhua) -- Interest rate capping in Kenya has led to increased demand for credit, particularly from small businesses, but few are being granted loans by commercial banks, Central Bank of Kenya's (CBK) credit survey showed on Monday. The apex bank conducted the analysis in...
Central Bank of Kenya (CBK) data shows that non-performing loans shrank by Sh13.2 billion between August and September to Sh491.8 billion, retreating below the half-a-trillion mark that had been crossed for the first time in June due to large corporate defaults. Banks hit big compani...
Loan services should not be abused; one must remember that loans come with interest which means by taking a loan one agrees to pay more later for a smaller amount today. Abuse of loans could have serious consequences such as a bad credit rating; which could in turn cause serious loan appl...
Flexible loansAccess to creditKenyaAccess to credit is a pervasive problem for smallholder farmers in developing countries. While there are several factors why this is the case, the manner in whiSocial Science Electronic Publishing
Link to this page: Facebook Twitter Complete English Grammar Rules is now available in paperback and eBook formats. Make it yours today! Advertisement. Bad banner? Pleaselet us knowRemove Ads
KCB Group’s gross bad debt grew in the first quarter of this year to KSh98 billion, the highest level ever recorded by the bank, from KSh66.2 billion in the first quarter of 2020. The lender’s ratio of gross non-performing loans to gross loans stood at 14.8%, above th...
Aloanmade by manylendersto a singleborrower. Syndicated loans are made in large amounts that would be too big for one lender to handle. In many ways, a syndicated loan operates like an ordinary loan; there is aninterest rate(fixedorfloating) and a time untilrepaymentis due. It may be a...
While Kenya has struggled to retain and attract multinational manufacturers, it has recently become a magnet for technology firms and financial service companies seeking a hub for a larger share of the African market. Global tech giants, including Microsoft, Alphabet Inc and Facebook, hav...
the level of nonperforming loans related to the WEF offered through the financial intermediaries in Kenya and to establish whether there is any relationship between the credit evaluation process and the level of nonperforming loans in the WEF loans offered through financial intermediaries in Kenya. Th...
In Pakistan, a power plant had to be shut down for fear it could collapse. In Kenya, the last key miles of a railway were never built due to poor planning and a lack of funds. JUMPING TO THE FRONT OF THE LINE As Parks dug into the details of the loans, he ...