Ethiopia Promoting Access to Finance for the Underserved

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Through this project, IFC will provide support to National Bank of Ethiopia (NBE) and other key stakeholders to strengthen the operations of the NBE credit bureau and the capacity of key stakeholders in credit reporting. In addition., the Project will work with stakeholders including private credit bureaus and, SME business solutions providers, Fintechs and data analytics companies to map, test and promote the usage and adoption of various alternative data sources for creditworthiness assessments of Micro, Small & Medium Enterpises (MSMEs), refugees and particularly underserved individuals and enterprises. As a result, it is expected that the project will achieve an increase in credit bureau coverage of the adult population by at least 10% and the increased availability of finance to consumers and Micro, Small & Medium Enterprises as a result of the availability of credit scores based on alternative data.