Ethiopia CRP - 3

completed

The goal of this project is to support the National Bank of Ethiopia and its stakeholders to strengthen and expand the credit information sharing system in Ethiopia, through the facilitation of technical support and activities to integrate Microfinance, Capital Goods Finance Companies and other lender participation to the NBE Credit Bureau, increase consumer awareness and financial literacy on credit reporting, and provide capacity building to stakeholders to ensure uptake of the Credit Bureau services over the long term. All with a view to increasing access to finance for MSMEs and consumers. Improved quality of credit data will help lenders to make better informed lending decisions and improve their risk management practices whilst at the same time promoting responsible lending and preventing over indebtedness.