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.”
