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Banks take 90 days to list on CRB while mobile loan apps take One to six months to list a borrower on CRB as a negative performer for defaulting.
That is a lost opportunity. If you cannot report to the University or College that you have been placed by KUCCPS due to financial, medical or any other problem then you are supposed to write a deferment letter to your institution.
If you want to check your loan history or credit history, then you can use credit reference bureau companies. We have provided more details about available CRB companies in Kenya here.
If you don't pay the hustler fund loan within 14 days or default, your credit rating goes down and you are given an additional two weeks to pay. If the loan is still not paid, the interest rate increases to 9.5% per year, and your account is frozen after 30 days
No, it will not be used. It will still remain in your school fees account. The best thing to do is to visit your school account's office for clarification and account update.