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Myanmar's first credit bureau to help improve access to credit for people and businesses mizzima.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mizzima.com Daily Mail and Mail on Sunday newspapers.
Myanmar Credit Bureau Limited (MMCB) announced the official launch of its services to support financial institutions, consumers, and the country’s economic development on December 30. MMCB, Myanmar’s first and only credit bureau, is operating under a license issued by the Central Bank of Myanmar and has implemented a modern credit reporting system to promote responsible lending in the country as well as expand access to financing for individuals and businesses. Since its soft launch in early-November, MMCB has been centralizing information gathered from its members – financial institutions in Myanmar – about their borrowers. This includes borrowers’ personal and contact information, credit accounts, and repayment history as well as information on any collateral listed to obtain a loan. With this information, the bureau produces credit reports on individuals or corporates to help financial institutions make better lending decisions quickly and objectively. ....
Credit Bureau Asia launches Myanmar's first credit bureau businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.