Developing a Credit Reporting Framework in Kenya

Mwiti, Makena

World Bank, Washington, DC

关键词: ADVISORY SERVICES;    AWARENESS CAMPAIGN;    BANKERS ASSOCIATION;    BANKING LAW;    BANKING SUPERVISION;   

RP-ID  :  48687

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

In 2000, the level of nonperformingloans in Kenya topped Kshs 112 billion (US$1.4 billion).This posed a threat to the stability of the financialsector, and there was a consensus that a credit informationsharing mechanism would help resolve the tendency of somedebtors to take advantage of information asymmetry andresort to multiple borrowing, thus becoming serialdefaulters. After several failed initiatives by variouslocal stakeholders to set up credit bureaus, InternationalFinance Corporation (IFC) was invited to provide assistanceto the government authorities in setting up a legal andregulatory framework as well as to support private sector operators.