Mobile loan Apps Banned by CBK from sharing information with CRB

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If you have a loan with CRB,you have a reason to smile. The following mobile loan Apps have been banned by CBK from sharing information with CRB:

  1. Branch
  2. Zenka
  3. Tala
  4. Opesa
  5. Okash
  6. Okolea
  7. LionCash
  8. Fuliza Branch
  9. Stawika
  10. Saida
  11. Hela Pesa
  12. Lendi Mkopo
  13. Africa Loans
  14. Eazzy Loans
  15. Kopa Jirani
  16. MB-Cash
  17. iPesa
  18. Okoa Cash Loans
  19. Mshiko Chap
  20. PesaFlash

Most Kenyans have loan balances with Tala and Branch and they are unable to seek any kind of loan from other organizations. By being barred from sharing information with CRB,it means the mobile loan companies would not use CRB excuse to demand loan repayment from their clients.

Going forward, the Apps will use other means as collateral. Loan seeker will be required to present their passports or title deeds to seek loans.