On August 8th FINCA Microfinance signed a membership agreement with Jordan Credit Bureau, managed by CRIF.

Thus, FINCA Jordan became one few MFIs in the country who will be using the reports of Credit Bureau in its credit decision procedures. The official signing ceremony for the membership agreement took place in the office of FINCA where two sides expressed their readiness to cooperate and work towards enhancing the credit culture in the country.

The CEO of FINCA Jordan, Makhmud Saidakhmatov – thanked the Credit Bureau for their understanding the needs of the MFI sector and provided opportunities to use the services of the Bureau by the company. ”I believe the partnership will be mutually beneficial and soon we will see the positive impact of this partnership not only in between two sides but also within the whole Microfinance sector of the country” – noted Makhmud.

CRIF Jordan was founded with the objective of providing a world class credit bureau and related value added services to Jordan economy. It is a Private Shareholding Company which obtained a credit bureau license by the Central Bank of Jordan in 2015. The Bureau launched its operation and started to work with the commercial banks and non-bank institutions of the country from 2016. Currently there are more than 45 Banks and Non-bank financial institutions use the services of Credit Bureau in Jordan.