Next time the loans officer at your bank declines to give you a loan, here could be the reason. In Kenya, credit and lending are influenced by a number of factors. Understanding these factors is crucial for you as a borrower to walk the financial space in the country effectively. This article thus delves into the five factors: interest rates, credit score, economic condition, fiscal regulations, and market competition that shape lending in Kenya. 200 shillings Kenyan Bank Note 1. Interest Rates Interest rates are fundamental to Kenya's and other countries' credit and lending processes. The interest rate is the one that determines the cost of borrowing and the return on lending for the lender, making it significant for the decisions of both lenders and borrowers. Kenyan Monetary Policy: The Central Bank of Kenya (CBK) is mandated by the c...