Cyprian Is Nyakundi

The Pain Of Youths Battling CRB Clearance

Definition: Credit Reference Bureau (CRB);

CRB is a firm that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses.

Hi Nyakundi,

I’m Meshack,

I once borrowed a loan Kshs. 1500 from a app called HARAKA.

I defaulted the loan but later paid it as Kshs.1632.

I have been begging these guys to remove me from CRB but they claim that I should send them extra Kshs. 1000 to them to facilitate CRB clearance.

The proposal by Belgut Member of Parliament (MP) Nelson Koech to have the Credit Reference Bureau (CRB) law repealed is a welcome move for many Kenyan youths.

Banks and loan sharks have found an easy way to make quick money to the detriment of economic growth for Kenyans especially the youth.

People are being listed for as low as Kshs. 100. Surely, is this even humane?

Banks might say that they are following the law, but Alas!,
Below is Nelson Koech’s letter addressed to the speaker of National Assembly, Justin Muturi.


Concerned that listing by lending institutions through the CRB is stifling growth especially among the youth, I propose to have the enabling provisions for the CRB listing repealed.

Lending institutions should resort to the conventional means of recovering their debts without sharing information of borrowers to non-parties.

The practice of sharing borrowers’ information with listing claims of as low as Kshs.100 has denied growth to enterprising youth. In that regard I seek the repeal of the Credit Bureau Regulations, 2013 which were drafted in exercise of the powers conferred by sections 31(3) and (4) and 55(1) of the Banking Act anci sections 34(4) and 5 and 48 (2) of the Microfinance Act 2006

Your assistance to repeal the same shall be appreciated.
Hon. Nelson Koech, MP

Meshack’s documents

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