The Central Bank, CBK, of Kenya has come to the aid of millions of Kenyans servicing bank loans who may have difficulties in krepaying the loans in time. This is in a bid to mitigate the ripple economic effects caused by the Corona virus pandemic. Borrowers will now be given an extension to their repayment by one year; if they so wish.<\/p>\n
Following a meeting with commercial banks on Monday, March 16, 2020, the Central
\nBank of Kenya (CBK) announces a set of measures that commercial banks will undertake in order to alleviate the adverse economic effects their customers may face from the Coronavirus pandemic (COVID-19). While the extent of the adverse effects are still evolving, it is already evident that the impact on some of the customers may be sever,” reads a circular by the CBK dated Wednesday March 18, 2020.<\/p>\n
According to the recent CBK guidelines, to help alleviate the adverse effects, the following emergency measures will apply for borrowers whose loan repayments were up to date as at March 2, 2020:<\/p>\n
FOR A COMPLETE GUIDE TO ALL SCHOOLS IN KENYA CLICK ON THE LINK BELOW;<\/span><\/strong><\/p>\n Here are links to the most important news portals:<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The Central Bank, CBK, of Kenya has come to the aid of millions of Kenyans servicing bank loans who may have difficulties in krepaying the loans in time. This is in a bid to mitigate the ripple economic effects caused by the Corona virus pandemic. Borrowers will now be given an extension to their repayment […]<\/p>\n","protected":false},"author":18389,"featured_media":19566,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[6],"tags":[4909,4845,4846,4196,4825,4848,4936,4942,1276,4461,594,245,1546,4831,1719,1547,4875,4841,3704,4359,1044,30,3703,4843,3783,4844],"class_list":["post-19565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-2020-university-admission-letters","tag-academic-writing-jobs","tag-academic-writing-services","tag-best-schools","tag-bitcoins","tag-block-chain-wallet","tag-corona-virus","tag-covid-19","tag-delocalization-list","tag-form-one-admissions","tag-kra","tag-kuccps","tag-latest-education-news","tag-latest-kicd-news","tag-latest-knec-news","tag-latest-tsc-news","tag-list-of-best-schools","tag-list-of-transferred-teachers","tag-new-tpad","tag-secondary-school-fees","tag-top-schools","tag-tpad","tag-tpad-2","tag-university-admissions","tag-university-courses","tag-university-intakes-and-fees"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/posts\/19565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/users\/18389"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/comments?post=19565"}],"version-history":[{"count":0,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/posts\/19565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/media\/19566"}],"wp:attachment":[{"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/media?parent=19565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/categories?post=19565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblaze.co.ke\/wp-json\/wp\/v2\/tags?post=19565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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