This afternoon, renowned Swahili news anchor and co founder @Jiffypictures film company, @LuluHassan, paid us a visit.
She interacted with our community members sharing her inspiring story of life.
In 2020, there was a slight drop and there was a big conversation becausethe CBK made a decision to withdraw its approval for some digital lenders - @GetengaJ. #ImarikaNaCISKenya@debarlinea
Some of the challenges addressed include
- Unnecessary data disparities in the CRBs
- Failure to submit consumers’ positive data
- Failure to update data regularly
#ImarikaNaCISKenya
CISK code of conduct is here to fix issues on data quality, i.e the collection, extraction, submission, access, use, storage and discarding of credit information by credit providers in Kenya #ImarikaNaCISKenya
The association plays a leading role in fostering the growth of the credit market by working towards the implementation of an effective credit information sharing mechanism #ImarikaNaCISKenya
The CIS industry CoC will govern non-regulated credit providers to ensure robustness of the mechanism and address some of the challenges that have been identified including:
Unnecessary data disparities in the CRBs
Failure to submit consumers’ positive data
#ImarikaNaCISKenya