The decision by the Youth Fund Chairman Ronnie Osumba to have young people aged between the age of 18 and 35 removed from the CRB listing as loan defaulters is a decent move that will benefit the most productive section of the population.
The listing has prevented youth from accessing loans even when in desperate need to develop themselves or to start a project that could require more than they can afford.
That has essentially translated to the sad state of affairs that has seen many of them struggle to keep up with the rising requirements and the rigors of the current economy.
The listing has undone many who would have developed to do something bigger but the ‘loan defaulter tag’ keeps them from doing that.
It remains to be seen how the whole affair goes down as lenders may also begin to have doubts on lending money for the fear that some of the youth will effectively default and then nothing will be done as the listing was the best way to have most of them paying on time.
Seeking loans to develop should not be hampered or stumbling blocks placed in the way in the quest to get a loan as the youth do not have property and should not be subjected to other uncalled for requirements.