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Equifax credit launches microfinance credit bureau

Equifax credit launches microfinance credit bureau

31 May 2011
Business Standard

Edition: Mumbai Pg: 15

 

Equifax Credit Information Services (ECIS) on Monday launched a microfinance credit bureau in India to help micro lenders provide financial services in un-served and under-served markets. ECIS is a joint venture between global commercial and consumer information provider Equifax and six Indian financial institutions – Bank of Baroda, Bank of India, Kotak Mahindra Prime, Religare Finvest, Sundaram Finance and Union Bank of India. “With the Equifax microfinance credit bureau in place, consumers who would otherwise have been unable to obtain assistance, can now establish their credit history and secure funding to for their ventures,” said Samir Bhatia, managing director and chief executive officer  ECIS.