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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.
If you borrow KCB Mpesa loan and you take more than 90 days to repay then your details are forwarded to CRB for listing as loan defaulter. You need to be pay the outstanding loan for your CRB status to be updated.
Credit reference bureau companies are required to retain your credit information for a period of five years from the date of repayment of your loan. Remaining on CRB is different from being negatively listed on CRB.
If you had a negative listing and you have paid your loan and requested to be cleared from CRB, then it takes about 48 hours for your information to be updated.
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