Commercial Bank of Africa blacklists 140,000 Safaricom loans defaulters

More than 140,000 users of the mobile phone based bank account M-Shwari have been blacklisted for defaulting on loans.
Commercial Bank of Africa (CBA) forwarded names of the defaulters to credit reference bureaus, potentially locking them out from accessing the loans market for at least five years or consigning them to high borrowing charges.