Loans

Potential risks and consequences of defaulting on a loan in Kenya

Defaulting on a loan payment can have significant consequences for both the borrower and the lender. It can lead to financial problems for the borrower, damage their credit score, and potentially result in legal action being taken against them. In this report, we will explore the risks and consequences of defaulting on a loan payment …

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The role of the employer in facilitating check-off loans

In Kenya, check-off loans, also known as salary-deduction loans, are a common form of credit offered by employers to their employees. These loans are deducted directly from the employee’s salary, making them a convenient way for employees to access credit. The employer plays a key role in facilitating check-off loans for their employees and is …

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Potential risks and consequences of defaulting on a loan in Kenya

Defaulting on a loan payment can have significant consequences for both the borrower and the lender. It can lead to financial problems for the borrower, damage their credit score, and potentially result in legal action being taken against them. In this report, we will explore the risks and consequences of defaulting on a loan payment …

Potential risks and consequences of defaulting on a loan in Kenya Read More »