Developing a Credit Reporting Framework in Kenya

In 2000, the level of nonperforming loans in Kenya topped Kshs 112 billion (US$1.4 billion). This posed a threat to the stability of the financial sector, and there was a consensus that a credit information sharing mechanism would help resolve the...

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Bibliographic Details
Main Author:	Mwiti, Makena
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADVISORY SERVICES AWARENESS CAMPAIGN BANKERS ASSOCIATION BANKING LAW BANKING SUPERVISION BANKS BENEFITS OF CREDIT BEST PRACTICE BEST PRACTICES BORROWING BROKER CAPACITY BUILDING CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT FACILITIES CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT MARKETS CREDIT REPORTING DEBTORS DEFAULTERS DEVELOPMENT OF CREDIT BUREAUS ECONOMIC COOPERATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR GENDER GOOD CREDIT INFORMATION ASYMMETRY INFORMATION SERVICES INFORMATION SHARING INSURANCE INSURANCE FIRMS INVESTING LOAN MEDIUM ENTERPRISE MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL CREDIT NONPERFORMING LOANS PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PRIVATE SECTOR CREDIT PROTECTION OF CONSUMERS PROVIDERS OF CREDIT REGULATORY FRAMEWORK SENIOR STAKEHOLDER STAKEHOLDERS STOCK BROKERS SUPERVISORY AUTHORITIES
Online Access:	http://documents.worldbank.org/curated/en/2009/05/10618019/developing-credit-reporting-framework-kenya http://hdl.handle.net/10986/10550

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recordtype	oai_dc
spelling	okr-10986-105502021-04-23T14:02:51Z Developing a Credit Reporting Framework in Kenya Mwiti, Makena ADVISORY SERVICES AWARENESS CAMPAIGN BANKERS ASSOCIATION BANKING LAW BANKING SUPERVISION BANKS BENEFITS OF CREDIT BEST PRACTICE BEST PRACTICES BORROWING BROKER CAPACITY BUILDING CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT FACILITIES CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT MARKETS CREDIT REPORTING DEBTORS DEFAULTERS DEVELOPMENT OF CREDIT BUREAUS ECONOMIC COOPERATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR GENDER GOOD CREDIT INFORMATION ASYMMETRY INFORMATION SERVICES INFORMATION SHARING INSURANCE INSURANCE FIRMS INVESTING LOAN MEDIUM ENTERPRISE MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL CREDIT NONPERFORMING LOANS PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PRIVATE SECTOR CREDIT PROTECTION OF CONSUMERS PROVIDERS OF CREDIT REGULATORY FRAMEWORK SENIOR STAKEHOLDER STAKEHOLDERS STOCK BROKERS SUPERVISORY AUTHORITIES In 2000, the level of nonperforming loans in Kenya topped Kshs 112 billion (US$1.4 billion). This posed a threat to the stability of the financial sector, and there was a consensus that a credit information sharing mechanism would help resolve the tendency of some debtors to take advantage of information asymmetry and resort to multiple borrowing, thus becoming serial defaulters. After several failed initiatives by various local stakeholders to set up credit bureaus, International Finance Corporation (IFC) was invited to provide assistance to the government authorities in setting up a legal and regulatory framework as well as to support private sector operators. 2012-08-13T12:01:00Z 2012-08-13T12:01:00Z 2009-05 http://documents.worldbank.org/curated/en/2009/05/10618019/developing-credit-reporting-framework-kenya http://hdl.handle.net/10986/10550 English IFC Smart Lessons Brief CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa Kenya
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ADVISORY SERVICES AWARENESS CAMPAIGN BANKERS ASSOCIATION BANKING LAW BANKING SUPERVISION BANKS BENEFITS OF CREDIT BEST PRACTICE BEST PRACTICES BORROWING BROKER CAPACITY BUILDING CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT FACILITIES CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT MARKETS CREDIT REPORTING DEBTORS DEFAULTERS DEVELOPMENT OF CREDIT BUREAUS ECONOMIC COOPERATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR GENDER GOOD CREDIT INFORMATION ASYMMETRY INFORMATION SERVICES INFORMATION SHARING INSURANCE INSURANCE FIRMS INVESTING LOAN MEDIUM ENTERPRISE MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL CREDIT NONPERFORMING LOANS PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PRIVATE SECTOR CREDIT PROTECTION OF CONSUMERS PROVIDERS OF CREDIT REGULATORY FRAMEWORK SENIOR STAKEHOLDER STAKEHOLDERS STOCK BROKERS SUPERVISORY AUTHORITIES
spellingShingle	ADVISORY SERVICES AWARENESS CAMPAIGN BANKERS ASSOCIATION BANKING LAW BANKING SUPERVISION BANKS BENEFITS OF CREDIT BEST PRACTICE BEST PRACTICES BORROWING BROKER CAPACITY BUILDING CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS CREDIT BUREAU CREDIT BUREAUS CREDIT CULTURE CREDIT FACILITIES CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT MARKETS CREDIT REPORTING DEBTORS DEFAULTERS DEVELOPMENT OF CREDIT BUREAUS ECONOMIC COOPERATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR GENDER GOOD CREDIT INFORMATION ASYMMETRY INFORMATION SERVICES INFORMATION SHARING INSURANCE INSURANCE FIRMS INVESTING LOAN MEDIUM ENTERPRISE MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL CREDIT NONPERFORMING LOANS PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PRIVATE SECTOR CREDIT PROTECTION OF CONSUMERS PROVIDERS OF CREDIT REGULATORY FRAMEWORK SENIOR STAKEHOLDER STAKEHOLDERS STOCK BROKERS SUPERVISORY AUTHORITIES Mwiti, Makena Developing a Credit Reporting Framework in Kenya
geographic_facet	Africa Kenya
relation	IFC Smart Lessons Brief
description	In 2000, the level of nonperforming loans in Kenya topped Kshs 112 billion (US$1.4 billion). This posed a threat to the stability of the financial sector, and there was a consensus that a credit information sharing mechanism would help resolve the tendency of some debtors to take advantage of information asymmetry and resort to multiple borrowing, thus becoming serial defaulters. After several failed initiatives by various local stakeholders to set up credit bureaus, International Finance Corporation (IFC) was invited to provide assistance to the government authorities in setting up a legal and regulatory framework as well as to support private sector operators.
format	Publications & Research :: Brief
author	Mwiti, Makena
author_facet	Mwiti, Makena
author_sort	Mwiti, Makena
title	Developing a Credit Reporting Framework in Kenya
title_short	Developing a Credit Reporting Framework in Kenya
title_full	Developing a Credit Reporting Framework in Kenya
title_fullStr	Developing a Credit Reporting Framework in Kenya
title_full_unstemmed	Developing a Credit Reporting Framework in Kenya
title_sort	developing a credit reporting framework in kenya
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2009/05/10618019/developing-credit-reporting-framework-kenya http://hdl.handle.net/10986/10550
_version_	1764413506626519040

Developing a Credit Reporting Framework in Kenya

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