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Equifax India partners with IFC for MFI credit score

Equifax India partners with IFC for MFI credit score

10 Dec 2013
Echo of India

Edition: Page 07

 

Credit information company Equifax India today said it has partnered with International Finance Corporation (IFC), a World Bank group member, to offer micro-finance risk scores.

The score has been designed to predict the future credit behaviour of a MFI borrower, Equifax India said in a statement.

“With this, more than six core micro borrowers, whose credit records are available in the bureau would get a score,” the release said.

Commenting on the development, its managing director and chief executive Sanjay Patel said: “As MFIs expand their products and services offering, there is an increasing need to understand consumers’ credit behaviour leveraging data-driven attributes.”

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