PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602992

Primary Business Area

Other

Disclosure Date

Feb 13, 2019

Country

Ethiopia

Region

Africa

IFC Approval Date

May 10, 2018

Status

Completed

Estimated Total Budget

$599,999.00
(Project budget includes all project-funded activities)

Last Updated Date

Oct 14, 2022

Project Estimated Start Date

May 15, 2018

Project Estimated End Date

Dec 31, 2020

Project Description

The goal of this project is to support the National Bank of Ethiopia and its stakeholders to strengthen and expand the credit information sharing system in Ethiopia, through the facilitation of technical support and activities to integrate Microfinance, Capital Goods Finance Companies and other lender participation to the NBE Credit Bureau, increase consumer awareness and financial literacy on credit reporting, and provide capacity building to stakeholders to ensure uptake of the Credit Bureau services over the long term. All with a view to increasing access to finance for MSMEs and consumers. Improved quality of credit data will help lenders to make better informed lending decisions and improve their risk management practices whilst at the same time promoting responsible lending and preventing over indebtedness.

Development Results

E&S Risks / Impacts and Mitigation