According to the IFC, the project aims to expand access to finance for smallholder farmers, MSMEs and refugees which are undeserved, by strengthening the credit information ecosystem and supporting financial institutions to make data driven lending decisions through the following sequenced interventions:
(i) Expand credit information sharing perimeter by onboarding of non-bank financial institutions;
(ii) Promote adoption and usage of alternative data for credit decision making and portfolio performance monitoring through capacity building support and regulatory reforms;
(iii) Promote the optimal usage of credit information sharing system through a capacity building support to regulators, lenders and consumers;
(iv) Support the unique identification of borrowers by helping bureaus to migrate from financial card to the National ID; and
(v) Support regulators to crisis proof the credit information sharing systems.
Implementing Agency - Ministry of Finance, Planning, and Economic Development:
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org