The country is grappling with a deepening household debt crisis as a significant surge in Non-Performing Loans (NPLs) – commonly known as “bad loans” – signals widespread financial distress among ordinary families.
This has forced commercial banks to ramp up aggressive recovery efforts that could leave countless households destitute.
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The country is grappling with a deepening household debt crisis as a significant surge in Non-Performing Loans (NPLs) – commonly known as
“bad loans”
– signals widespread financial distress among ordinary families.
Follow The Standard
channel
on WhatsApp
By Brian Ngugi