Ruto forces lifting of 4m from crb

[RV Pundit]

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Safaricom to delist them as we move towards credit scoring

[gout]

Opus dei needs to call it a day. He is not sold on Hasla unorthodox ideas.

https://www.businessdailyafrica.com/bd/economy/a-third-of-borrowers-stay-on-crbs-default-blacklist--4032334

With the fored shenanigans he ought to have gone hard on NCBA. Seems they are kneeling.

https://www.businessdailyafrica.com/bd/markets/capital-markets/ncba-writes-off-sh11bn-digital-loans--4032320

[hk]

NCBA was already separating mobile lending from retail and corporate banking https://www.businessdailyafrica.com/bd/corporate/companies/ncba-plans-new-m-shwari-company-from-banking-unit-3981848, clearly the mobile loans aren't recoverable and had to be written off. It goes to show that mobile lending isn't very lucrative, NCBA needs to focus on borrowers who repay. Going forward loans will only be extended to borrowers who can repay and those borrowers should enjoy lower rates . Basically NCBA is embracing risk based pricing per individual not one rate fits all and only factoring amount.
Unintended consequence a lot more people will be locked out credit access.

[RV Pundit]

Its better to lock them out of credit than irresponisbly lend them then blacklist them for 7yrs - condemn them out of credit systems - sometimes with loans of 500shs due. These people if their income improves; can start become less risky. Credit blacklisting was wrong. They should now embrace credit scoring that allows people to repair their credit scores..

NCBA was already separating mobile lending from retail and corporate banking https://www.businessdailyafrica.com/bd/corporate/companies/ncba-plans-new-m-shwari-company-from-banking-unit-3981848, clearly the mobile loans aren't recoverable and had to be written off. It goes to show that mobile lending isn't very lucrative, NCBA needs to focus on borrowers who repay. Going forward loans will only be extended to borrowers who can repay and those borrowers should enjoy lower rates . Basically NCBA is embracing risk based pricing per individual not one rate fits all and only factoring amount.
Unintended consequence a lot more people will be locked out credit access.

[RV Pundit]

Ruto is setting himself for failure by going slow on these thugs. They should by now be busy appearing before tribunals, commission of inquries and such

Pending:

a. Judicial Inquiry into State Capture.

b. A Judicial Inquiry on the activities of the CHERERA FOUR and How Impunity Merchants attempted to overthrow the Will of the People. https://t.co/88wcgExUCy

— Dr. Miguna Miguna (@MigunaMiguna) November 25, 2022

[hk]

Its better to lock them out of credit than irresponisbly lend them then blacklist them for 7yrs - condemn them out of credit systems - sometimes with loans of 500shs due. These people if their income improves; can start become less risky. Credit blacklisting was wrong. They should now embrace credit scoring that allows people to repair their credit scores..

NCBA was already separating mobile lending from retail and corporate banking https://www.businessdailyafrica.com/bd/corporate/companies/ncba-plans-new-m-shwari-company-from-banking-unit-3981848, clearly the mobile loans aren't recoverable and had to be written off. It goes to show that mobile lending isn't very lucrative, NCBA needs to focus on borrowers who repay. Going forward loans will only be extended to borrowers who can repay and those borrowers should enjoy lower rates . Basically NCBA is embracing risk based pricing per individual not one rate fits all and only factoring amount.
Unintended consequence a lot more people will be locked out credit access.

Yes, NCBA being the biggest player should have done better credit analysis. Lending primarily based on Mpesa individual cash flow with fixed interest rates  is terrible business for the lender and the borrower.

[sema]

Ruto is setting himself for failure by going slow on these thugs. They should by now be busy appearing before tribunals, commission of inquries and such

Why is he going slow?