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India’s Credit Information Bureau expands into small and micro loans segment

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India’s Credit Information Bureau (India) Limited (CIBIL) has expanded its reach in the small and micro loans segment. CIBIL will partner and provide information solutions to small and micro lenders to help them make better lending decisions, grow their customer base and drive credit penetration.

While speaking about CIBIL’s expansion in the small and micro loan segment Ratna Vishwanathan, CEO of MFIN commented, “Although banks have started providing data to all credit bureaus, CIBIL’s expertise in data insights and solutions is very valuable in the context of a more complete credit profile. CIBIL’s experience and leadership in handling a bureau will be a good value addition to the MFI credit rating ecosystem.”

For more on this story visit the following link: India’s Credit Information Bureau expands into small and micro loans segment

Source: SMB World Asia

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