Empowering Women Through Financial Inclusion: Building a Sustainable Future
Adah Mukubi, CIS Kenya Mercy Nehema, Creditinfo Kenya Lukania Makunda, FSD Kenya Jackline Ogero, KWFT “The MSME Loan Performance Report 2024 highlights that women entrepreneurs are more likely to face collateral challenges due to lower asset ownership compared to men. This calls for innovative solutions, such as group-based lending models, flexible repayment schedules, and alternative credit scoring mechanisms that consider women’s informal financial activities. By designing products that align with women’s lived experiences, financial institutions can unlock their full economic potential.” Key Insights from the CIS Kenya International Women’s Day Webinar Financial inclusion is a cornerstone of economic growth and social transformation. …
Credit Scoring for Risk-Based Pricing
Overview The use of credit scoring and the variety of scoring have increased significantly in recent years owing to better access to a wider variety of data, increased computing power and greater demand for improvements in efficiency. Credit scoring has evolved from traditional decision making of accepting or rejecting an application for credit to inclusion of other facets of the credit process such as the pricing of financial services to reflect the risk profile of the consumer or business and the setting of credit limits. This training course will explore the application of credit scoring and the effective practices for …
Legal Notice 225 of 2021
Legal Notice 225 of 2021 suspended sharing of some aspects of negative information sharing for a period of 1 year from October 2021 to September 2022.http://t.ly/EUsC …
Lenders develop a Code of Conduct requiring Twenty Principles for sharing credit information
Lenders in Kenya have taken the bold and responsible step of putting their house in order to minimise unethical practices that have dented the credit information sharing (CIS) mechanism over the years. Following the challenge directed at them by the Central Bank of Kenya (CBK) and the public, lenders have developed an industry Code of Conduct that is closely aligned to the expectations of the consumers, regulators and international best practices. Development of the 20 Principles of an Effective CIS mechanism has been spearheaded by the Credit Information Sharing Association of Kenya (CIS Kenya) using its wide experience in CIS …