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.”