Facilitating SME Financing through Improved Credit Reporting

International Committee on Credit Reporting

World Bank, Washington, DC

关键词: ACCESS TO CAPITAL;    ACCESS TO CREDIT;    ACCESS TO FINANCING;    ACCESS TO INFORMATION;    ACCOUNTS RECEIVABLES;   

RP-ID  :  93790

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The general principles for creditreporting were issued by the World Bank in September 2011.Since then, the World Bank and the international committeeon credit reporting (ICCR) have been leading efforts towardsthe implementation of the general principles worldwide. Thisreport is one of the concrete outputs of the work followingthe general principles. It addresses one of the mostsignificant problems that limit the ability of most smalland medium enterprises (SMEs) around the world to obtainadequate external financing to underpin their productiveactivities: information asymmetries. Creditors assess thecreditworthiness of credit and loan applicants based on twobasic criteria: ones financial capacity or ability to repaya loan, and ones willingness to repay the loan. A creditreporting system s (CRS) basic objective is to addressinformation asymmetries, which is crucial for determiningrepayment capacity and repayment willingness. Creditreporting can therefore be extremely valuable to creditorsfor enhanced, fact-based credit risk assessments, and inthis sense can also be seen as a tool to facilitate accessto financing, including by SMEs. The main objective of thisreport is therefore to identify actions that can beundertaken by authorities and other relevant policy makersto improve the flow of data and other relevant creditinformation on SMEs to creditors through CRS. For thispurpose, the report first analyses the overall status ofcredit reporting activities in connection with SMEs.