CREDIT REFERENCE BUREAU
A CRB (Credit Reference Bureau) is a company that collects data on loans issued by lending institutions, and consequently creates reports (known as credit reports) on a borrowers current and past loans. With this information, a CRB is able to draw out the repayment patterns of each borrower. Lenders will obtain your credit report and use this repayment information to determine if they will issue you with a loan.
In Kenya, we have three CRBs; all licensed for operation and regulated by the Central Bank of Kenya namely;
- CreditInfo CRB.
- Metropol CRB.
- Transunion Kenya CRB.