What Is CRB In Kenya? How To Check Your Status And Get Cleared Fast
· 5 min read
The Credit Reference Bureau(CRB) is a licensed institution in Kenya that collects and maintains credit information on various individuals and businesses.In this context credit information refers to detailed data about a person's or business's borrowing behavior.You can think of it as your financial report card,which shows how well or poorly you've been paying back your loans.
- If you pay back on time, CRB records a positive credit history.
- If you default,delay or ignore repayment,CRB records a negative credit history (commonly called being "blacklisted")
Lenders such as banks,SACCOs,mobile loan apps like TALA,Branch,M-SHWARI,Fuliza,Hustler Fund and even Microfinance Institutions use CRB to decide whether to give credit or not.
Basically,your CRB Status can make or break your financial future.