CREDIT INFORMATION BUREAU
Facilitating financial transactions through more informed decisions
Want to check your credit history?
We are delighted to inform you that we have started the Self-Inquiry service for the public. A Self-Inquiry is a credit report designed for you to check your own credit history.
Get Started!
What we do
- COLLECT DATA - credit information is provided by our member institutions every month, which is collected and stored securely in our database at MMA.
- COMPILE CREDIT REPORTS - our state of the art, credit information system compiles public record data, statutory information, identity information, credit transactions and payment histories of individual consumers and commercial entities into intelligible & elegant reports.
- FACILITATE FINANCING- our services not only aid the facility grantor in decision making, but can assist the individuals and corporate in obtaining wider and easier access to financing.
- PURELY FACTUAL- our reports only contain information that is provided by our member institutions and does not represent the opinion of the Credit Information Bureau or MMA on the credit worthiness or suitability of the borrower.
How it works
The following infographic depicts how Credit information Bureau assists the process of lending and borrowing.
1
Customer
Customer applies for loans and other credit facilities offered by financial institutions
2
Bank
The bank or credit offering institution analyses the credit history of the customer by generating the customer's credit report from the CIB database
4
Credit Report
3
CIB Database
A good track record of the customer acts as a bridge for easier access to credit
The financial institutions refer to information on the customer credit report for decision making
3
CIB Database
4
Credit Report
The financial institutions refer to information on the customer credit report for decision making
A good track record of the customer acts as a bridge for easier access to credit
How it Helps...
Easy Access to Credit
Enhances access to finance by providing transparent and dynamic information sharing network.
Less Time
Reduces the turnaround time for financial approvals.
Affordable Credit
Provides favorable financing terms making the credit more affordable.
Self Assessment
Acts as a self assessment tool to both the MSMEs and individuals by giving access to their own credit report , which will minimize the default rate.
Less Time
Reduces the turnaround time for financial approvals.
Informed Decisions
Facilitation of confident and informed credit decision making.
Mitigate Risk
Provision of risk management mechanism to enable credit grantors to mitigate risk and ensure business profitability.
Monitoring
Improved monitoring and management of MSME portfolio.
Why it helps to have a good credit history
Having a good credit history will enable easy access to finance in the future since lenders rely on the credit report issued by CIB in their decision making process.
How to check your credit history
We have now released the self inquiry service to the public. You can get your first report every year for FREE! Click here to get started!
Or download and email the self inquiry application form along with the required documents.
How to check your credit history
We have now released the self inquiry service to the public. You can get your first report every year for FREE! Click here to get started!
Or download and email the self inquiry application form along with the required documents.
Why you should check your credit history
Your self-inquiry report can help you:
▢ Understand your credit history. Download Guides Here
▢ Learn how Improve your credit history
▢ Raise a dispute if you find any issues with your report
Our Services
Credit Information Report
This is a factual record of a borrower’s credit payment history compiled from information received from different credit grantors. Its purpose is to help credit grantors in making informed lending decisions and facilitating timely finance to the borrowers.
Self Inquiry Report
A Self Inquiry Report is a report generated by an individual or a corporate entity on self in order to identify their credit standing. Its purpose also highlights the fact that each individual requires the right to contest any errors that may arise in the credit reports.
Dispute Resolution
This feature will enable the individuals and corporate entities to raise disputes on the reports generated by the credit bureau if any errors may occur in them. Subsequently, enabling MMA to mitigate complaints of the same category.
