Understanding your credit score is crucial for Kenyans seeking loans, as a higher score facilitates easier access to credit. Sam Omukoko, Managing Director of Metropol Corporation Credit Reference Bureau, explained the key factors influencing this score and the current process for its calculation.

• Loan repayment history accounts for approximately 30 per cent, and total debt for 40 per cent of a credit score.
• Other factors include the length of borrowing history, the mix of credit types (instalment, revolving, open-account), and stability factors like physical address and income, with credit mix contributing about 10 per cent.
• Digital lenders in Kenya disburse over Ksh10 billion monthly, primarily for daily expenses due to the rising cost of living.