CREED and MRA Sign CIB Agreement
On 17th April 2025, the Microcredit Regulatory Authority (MRA) organized a significant event at their office to sign an agreement on the Credit Information Bureau (CIB). Representing CREED, our Executive Secretary, Md. Sulaiman Khan, signed the CIB agreement on behalf of CREED with the MRA. This collaboration marks a pivotal step toward enhancing transparency and efficiency in the microfinance sector. Benefits of CIB for CREED The integration of the Credit Information Bureau (CIB) into CREED offers significant advantages, including improved credit assessment through access to comprehensive credit histories, which enables informed lending decisions and reduces the risk of over-indebtedness. By sharing borrower data, CREED enhances transparency, fostering trust within the financial ecosystem, while also reducing loan default rates through better …