Nairobi — Kenya's credit market will come under severe pressure as the COVID-19 pandemic impacts the Kenyan economy, with Gross Domestic Product expected to slow to between 4.5-5.5percent, down from the previously forecasted 5.9percent, a new report reveals.
The study conducted by American consumer credit reporting agency TransUnion reveals that individuals and businesses are failing to meet their credit obligations which could lead to increase in non-performing loans.
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