Business / Companies
Credit bureau services rolled out in Zimbabwe
07 Apr 2015 at 02:19hrs | Views
Spectip Investments has started rolling out credit bureau services covering individuals, public institutions and private companies, a company official said last week.
Innocent Mugwagwa, operations director at the company said their system enables private and public entities to gain a greater perspective into the risk profiles of individuals and companies, thereby empowering them to make informed business decisions.
Financial institutions and other credit providers have often been unable to access data on customers at other financial institutions when making lending decisions.
As a result, borrowers could take multiples debts with several lenders and other credit providers.
Mugwagwa said the company had a rich database encompassing individuals and companies in the country, payment behaviour information on consumer and commercial borrowers as well as 35 per cent of mortgage data in the country.
It has established data-sharing agreements with several organisations.
Innocent Mugwagwa, operations director at the company said their system enables private and public entities to gain a greater perspective into the risk profiles of individuals and companies, thereby empowering them to make informed business decisions.
Financial institutions and other credit providers have often been unable to access data on customers at other financial institutions when making lending decisions.
Mugwagwa said the company had a rich database encompassing individuals and companies in the country, payment behaviour information on consumer and commercial borrowers as well as 35 per cent of mortgage data in the country.
It has established data-sharing agreements with several organisations.
Source - The Herald
