Loan default consequences: What happens if you don't pay your mobile loan? | Kenyayote
Borrowing a mobile loan in Kenya and failing to repay in time has its own consequences. Learn about loan default consequences in Kenya and what as a defaulter you can do to avoid further punishments from CRB agencies. What does Mobile Loan Default mean When you borrow money from any mobile money lending platform, SACCO, HELB, you enter into an agreement whereby you promise to repay the loan after a certain period of time. Failing to repay on time, missing to pay or avoiding to pay means you have defaulted. While some people usually default on loans willingly,