Facilitating SME Financing through Improved Credit Reporting
The general principles for credit reporting were issued by the World Bank in September 2011. Since then, the World Bank and the international committee on credit reporting (ICCR) have been leading efforts towards the implementation of the general p...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/05/24310503/international-committee-credit-reporting-facilitating-sme-financing-through-improved-credit-reporting http://hdl.handle.net/10986/21810 |
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okr-10986-21810 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO FINANCING ACCESS TO INFORMATION ACCOUNTS RECEIVABLES ADMINISTRATIVE BURDEN ALTERNATIVE FINANCING ANTI-MONEY LAUNDERING ANTI-MONEY LAUNDERING LEGISLATION ARREARS ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BALANCE SHEET BALANCE SHEETS BANK LOANS BANKING AUTHORITY BANKING SUPERVISION BANKING SYSTEM BANKRUPTCIES BANKRUPTCY BANKRUPTCY FILINGS BANKRUPTCY LAWS BANKS BENEFITS OF CREDIT BORROWING BROAD ACCESS BUSINESS ACTIVITIES BUSINESS ACTIVITY BUSINESS INFORMATION BUSINESS OWNERS BUSINESS PEOPLE BUSINESS PLAN CAPITAL INJECTIONS CAPITAL MARKETS CAPITAL REQUIREMENTS CASH ADVANCE CHAMBER OF COMMERCE CHECKING ACCOUNT COMMERCIAL BANKS COMMERCIAL LENDING COMMERCIAL TRANSACTIONS CONSUMER CREDIT CONSUMER LENDING CONSUMER PROTECTION CONTRACT ENFORCEMENT COOPERATIVE BANKS CORRUPTION COST OF CREDIT CREDIT APPLICATION CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT FACILITY CREDIT GAP CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT HISTORY INFORMATION CREDIT INFORMATION CREDIT MANAGEMENT CREDIT MARKET CREDIT MARKETS CREDIT PERFORMANCE CREDIT POLICIES CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT REGISTRIES CREDIT RELATIONSHIP CREDIT REPORT CREDIT REPORTING CREDIT REPORTS CREDIT RISK CREDIT RISK MANAGEMENT CREDIT RISKS CREDIT SCORES CREDITOR CREDITOR RIGHTS CREDITORS CREDITWORTHINESS CURRENT ACCOUNT DEBT DEBT INSTRUMENTS DEBTOR DEBTORS DEPOSIT DEPOSIT RELATIONSHIP DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DIRECT LOAN DISCRIMINATION DOMESTIC BANKS E-COMMERCE ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXPENDITURES EXPLOITATION EXTERNAL CREDIT EXTERNAL FINANCE EXTERNAL FINANCING FACILITATION FAIR ACCESS FINANCE CORPORATION FINANCIAL CAPACITY FINANCIAL CREDITORS FINANCIAL CRISES FINANCIAL FRAUD FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL MARKET FINANCIAL OBLIGATION FINANCIAL OBLIGATIONS FINANCIAL POSITION FINANCIAL PRODUCTS FINANCIAL REPORTING FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCING CONSTRAINT FINANCING CONSTRAINTS FINANCING FACILITIES FINANCING FACILITY FINANCING NEEDS FIXED ASSETS FORMAL FINANCIAL INSTITUTIONS GOOD CREDIT GOVERNMENT BONDS GUARANTEE SCHEME GUARANTORS GUARANTY ID INDEBTEDNESS INFORMATION ABOUT CREDIT INFORMATION ASYMMETRIES INFORMATION SERVICE INFORMATION SHARING INSURANCE INTEREST RATES INTERNAL FINANCING INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION JUDGMENT LACK OF INFORMATION LARGE FIRMS LATE PAYMENTS LEGAL AUTHORITY LEGAL ENVIRONMENT LENDER LENDERS LETTER OF CREDIT LETTERS OF CREDIT LIMITED ACCESS LIMITED ACCESS TO FINANCE LINE OF CREDIT LOAN LOAN AMOUNTS LOAN OFFICER LOAN SIZE MERCHANTS MONEYLENDERS MORAL HAZARD MORTGAGES MOVABLE COLLATERAL MUTUAL FUNDS NEED FOR CREDIT NEW BUSINESS OUTSTANDING LOAN OVERDRAFT OVERDRAFTS PAYMENT DEFAULTS PEER LENDING POTENTIAL BORROWERS POTENTIAL DEBTORS PROBABILITY OF DEFAULT PROPERTY AS COLLATERAL PROPERTY RIGHTS PROTECTION OF PROPERTY PUBLIC POLICY REAL ESTATE REGULATORY FRAMEWORK REGULATORY OVERSIGHT REIMBURSABLE GRANTS REPAYMENT REPAYMENT CAPACITY REPAYMENT PERIOD REPAYMENT SCHEDULES RESERVE BANK RISK MANAGEMENT SAVINGS SAVINGS ACCOUNT SECURITIES SETTLEMENTS SHORT-TERM FINANCING SMALL BUSINESS SMALL BUSINESS ADMINISTRATION SMALL BUSINESSES SOCIAL SECURITY SOLVENCY SOURCES OF FINANCE START-UP START-UPS TERM CREDIT TRADE CREDIT TRADE CREDITOR TRADE CREDITORS TYPES OF CREDITORS UNFAIR COMPETITION UNION UNIVERSAL BANKS VENTURE CAPITAL WAREHOUSE WORKING CAPITAL |
| spellingShingle |
ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO FINANCING ACCESS TO INFORMATION ACCOUNTS RECEIVABLES ADMINISTRATIVE BURDEN ALTERNATIVE FINANCING ANTI-MONEY LAUNDERING ANTI-MONEY LAUNDERING LEGISLATION ARREARS ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BALANCE SHEET BALANCE SHEETS BANK LOANS BANKING AUTHORITY BANKING SUPERVISION BANKING SYSTEM BANKRUPTCIES BANKRUPTCY BANKRUPTCY FILINGS BANKRUPTCY LAWS BANKS BENEFITS OF CREDIT BORROWING BROAD ACCESS BUSINESS ACTIVITIES BUSINESS ACTIVITY BUSINESS INFORMATION BUSINESS OWNERS BUSINESS PEOPLE BUSINESS PLAN CAPITAL INJECTIONS CAPITAL MARKETS CAPITAL REQUIREMENTS CASH ADVANCE CHAMBER OF COMMERCE CHECKING ACCOUNT COMMERCIAL BANKS COMMERCIAL LENDING COMMERCIAL TRANSACTIONS CONSUMER CREDIT CONSUMER LENDING CONSUMER PROTECTION CONTRACT ENFORCEMENT COOPERATIVE BANKS CORRUPTION COST OF CREDIT CREDIT APPLICATION CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT FACILITY CREDIT GAP CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT HISTORY INFORMATION CREDIT INFORMATION CREDIT MANAGEMENT CREDIT MARKET CREDIT MARKETS CREDIT PERFORMANCE CREDIT POLICIES CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT REGISTRIES CREDIT RELATIONSHIP CREDIT REPORT CREDIT REPORTING CREDIT REPORTS CREDIT RISK CREDIT RISK MANAGEMENT CREDIT RISKS CREDIT SCORES CREDITOR CREDITOR RIGHTS CREDITORS CREDITWORTHINESS CURRENT ACCOUNT DEBT DEBT INSTRUMENTS DEBTOR DEBTORS DEPOSIT DEPOSIT RELATIONSHIP DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DIRECT LOAN DISCRIMINATION DOMESTIC BANKS E-COMMERCE ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXPENDITURES EXPLOITATION EXTERNAL CREDIT EXTERNAL FINANCE EXTERNAL FINANCING FACILITATION FAIR ACCESS FINANCE CORPORATION FINANCIAL CAPACITY FINANCIAL CREDITORS FINANCIAL CRISES FINANCIAL FRAUD FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL MARKET FINANCIAL OBLIGATION FINANCIAL OBLIGATIONS FINANCIAL POSITION FINANCIAL PRODUCTS FINANCIAL REPORTING FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCING CONSTRAINT FINANCING CONSTRAINTS FINANCING FACILITIES FINANCING FACILITY FINANCING NEEDS FIXED ASSETS FORMAL FINANCIAL INSTITUTIONS GOOD CREDIT GOVERNMENT BONDS GUARANTEE SCHEME GUARANTORS GUARANTY ID INDEBTEDNESS INFORMATION ABOUT CREDIT INFORMATION ASYMMETRIES INFORMATION SERVICE INFORMATION SHARING INSURANCE INTEREST RATES INTERNAL FINANCING INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION JUDGMENT LACK OF INFORMATION LARGE FIRMS LATE PAYMENTS LEGAL AUTHORITY LEGAL ENVIRONMENT LENDER LENDERS LETTER OF CREDIT LETTERS OF CREDIT LIMITED ACCESS LIMITED ACCESS TO FINANCE LINE OF CREDIT LOAN LOAN AMOUNTS LOAN OFFICER LOAN SIZE MERCHANTS MONEYLENDERS MORAL HAZARD MORTGAGES MOVABLE COLLATERAL MUTUAL FUNDS NEED FOR CREDIT NEW BUSINESS OUTSTANDING LOAN OVERDRAFT OVERDRAFTS PAYMENT DEFAULTS PEER LENDING POTENTIAL BORROWERS POTENTIAL DEBTORS PROBABILITY OF DEFAULT PROPERTY AS COLLATERAL PROPERTY RIGHTS PROTECTION OF PROPERTY PUBLIC POLICY REAL ESTATE REGULATORY FRAMEWORK REGULATORY OVERSIGHT REIMBURSABLE GRANTS REPAYMENT REPAYMENT CAPACITY REPAYMENT PERIOD REPAYMENT SCHEDULES RESERVE BANK RISK MANAGEMENT SAVINGS SAVINGS ACCOUNT SECURITIES SETTLEMENTS SHORT-TERM FINANCING SMALL BUSINESS SMALL BUSINESS ADMINISTRATION SMALL BUSINESSES SOCIAL SECURITY SOLVENCY SOURCES OF FINANCE START-UP START-UPS TERM CREDIT TRADE CREDIT TRADE CREDITOR TRADE CREDITORS TYPES OF CREDITORS UNFAIR COMPETITION UNION UNIVERSAL BANKS VENTURE CAPITAL WAREHOUSE WORKING CAPITAL International Committee on Credit Reporting Facilitating SME Financing through Improved Credit Reporting |
| description |
The general principles for credit
reporting were issued by the World Bank in September 2011.
Since then, the World Bank and the international committee
on credit reporting (ICCR) have been leading efforts towards
the implementation of the general principles worldwide. This
report is one of the concrete outputs of the work following
the general principles. It addresses one of the most
significant problems that limit the ability of most small
and medium enterprises (SMEs) around the world to obtain
adequate external financing to underpin their productive
activities: information asymmetries. Creditors assess the
creditworthiness of credit and loan applicants based on two
basic criteria: ones financial capacity or ability to repay
a loan, and ones willingness to repay the loan. A credit
reporting system s (CRS) basic objective is to address
information asymmetries, which is crucial for determining
repayment capacity and repayment willingness. Credit
reporting can therefore be extremely valuable to creditors
for enhanced, fact-based credit risk assessments, and in
this sense can also be seen as a tool to facilitate access
to financing, including by SMEs. The main objective of this
report is therefore to identify actions that can be
undertaken by authorities and other relevant policy makers
to improve the flow of data and other relevant credit
information on SMEs to creditors through CRS. For this
purpose, the report first analyses the overall status of
credit reporting activities in connection with SMEs. |
| format |
Report |
| author |
International Committee on Credit Reporting |
| author_facet |
International Committee on Credit Reporting |
| author_sort |
International Committee on Credit Reporting |
| title |
Facilitating SME Financing through Improved Credit Reporting |
| title_short |
Facilitating SME Financing through Improved Credit Reporting |
| title_full |
Facilitating SME Financing through Improved Credit Reporting |
| title_fullStr |
Facilitating SME Financing through Improved Credit Reporting |
| title_full_unstemmed |
Facilitating SME Financing through Improved Credit Reporting |
| title_sort |
facilitating sme financing through improved credit reporting |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/05/24310503/international-committee-credit-reporting-facilitating-sme-financing-through-improved-credit-reporting http://hdl.handle.net/10986/21810 |
| _version_ |
1764449272729698304 |
| spelling |
okr-10986-218102021-04-23T14:04:04Z Facilitating SME Financing through Improved Credit Reporting International Committee on Credit Reporting ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO FINANCING ACCESS TO INFORMATION ACCOUNTS RECEIVABLES ADMINISTRATIVE BURDEN ALTERNATIVE FINANCING ANTI-MONEY LAUNDERING ANTI-MONEY LAUNDERING LEGISLATION ARREARS ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BALANCE SHEET BALANCE SHEETS BANK LOANS BANKING AUTHORITY BANKING SUPERVISION BANKING SYSTEM BANKRUPTCIES BANKRUPTCY BANKRUPTCY FILINGS BANKRUPTCY LAWS BANKS BENEFITS OF CREDIT BORROWING BROAD ACCESS BUSINESS ACTIVITIES BUSINESS ACTIVITY BUSINESS INFORMATION BUSINESS OWNERS BUSINESS PEOPLE BUSINESS PLAN CAPITAL INJECTIONS CAPITAL MARKETS CAPITAL REQUIREMENTS CASH ADVANCE CHAMBER OF COMMERCE CHECKING ACCOUNT COMMERCIAL BANKS COMMERCIAL LENDING COMMERCIAL TRANSACTIONS CONSUMER CREDIT CONSUMER LENDING CONSUMER PROTECTION CONTRACT ENFORCEMENT COOPERATIVE BANKS CORRUPTION COST OF CREDIT CREDIT APPLICATION CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT FACILITY CREDIT GAP CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT HISTORY INFORMATION CREDIT INFORMATION CREDIT MANAGEMENT CREDIT MARKET CREDIT MARKETS CREDIT PERFORMANCE CREDIT POLICIES CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT REGISTRIES CREDIT RELATIONSHIP CREDIT REPORT CREDIT REPORTING CREDIT REPORTS CREDIT RISK CREDIT RISK MANAGEMENT CREDIT RISKS CREDIT SCORES CREDITOR CREDITOR RIGHTS CREDITORS CREDITWORTHINESS CURRENT ACCOUNT DEBT DEBT INSTRUMENTS DEBTOR DEBTORS DEPOSIT DEPOSIT RELATIONSHIP DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DIRECT LOAN DISCRIMINATION DOMESTIC BANKS E-COMMERCE ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH EXPENDITURES EXPLOITATION EXTERNAL CREDIT EXTERNAL FINANCE EXTERNAL FINANCING FACILITATION FAIR ACCESS FINANCE CORPORATION FINANCIAL CAPACITY FINANCIAL CREDITORS FINANCIAL CRISES FINANCIAL FRAUD FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL MARKET FINANCIAL OBLIGATION FINANCIAL OBLIGATIONS FINANCIAL POSITION FINANCIAL PRODUCTS FINANCIAL REPORTING FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCING CONSTRAINT FINANCING CONSTRAINTS FINANCING FACILITIES FINANCING FACILITY FINANCING NEEDS FIXED ASSETS FORMAL FINANCIAL INSTITUTIONS GOOD CREDIT GOVERNMENT BONDS GUARANTEE SCHEME GUARANTORS GUARANTY ID INDEBTEDNESS INFORMATION ABOUT CREDIT INFORMATION ASYMMETRIES INFORMATION SERVICE INFORMATION SHARING INSURANCE INTEREST RATES INTERNAL FINANCING INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION JUDGMENT LACK OF INFORMATION LARGE FIRMS LATE PAYMENTS LEGAL AUTHORITY LEGAL ENVIRONMENT LENDER LENDERS LETTER OF CREDIT LETTERS OF CREDIT LIMITED ACCESS LIMITED ACCESS TO FINANCE LINE OF CREDIT LOAN LOAN AMOUNTS LOAN OFFICER LOAN SIZE MERCHANTS MONEYLENDERS MORAL HAZARD MORTGAGES MOVABLE COLLATERAL MUTUAL FUNDS NEED FOR CREDIT NEW BUSINESS OUTSTANDING LOAN OVERDRAFT OVERDRAFTS PAYMENT DEFAULTS PEER LENDING POTENTIAL BORROWERS POTENTIAL DEBTORS PROBABILITY OF DEFAULT PROPERTY AS COLLATERAL PROPERTY RIGHTS PROTECTION OF PROPERTY PUBLIC POLICY REAL ESTATE REGULATORY FRAMEWORK REGULATORY OVERSIGHT REIMBURSABLE GRANTS REPAYMENT REPAYMENT CAPACITY REPAYMENT PERIOD REPAYMENT SCHEDULES RESERVE BANK RISK MANAGEMENT SAVINGS SAVINGS ACCOUNT SECURITIES SETTLEMENTS SHORT-TERM FINANCING SMALL BUSINESS SMALL BUSINESS ADMINISTRATION SMALL BUSINESSES SOCIAL SECURITY SOLVENCY SOURCES OF FINANCE START-UP START-UPS TERM CREDIT TRADE CREDIT TRADE CREDITOR TRADE CREDITORS TYPES OF CREDITORS UNFAIR COMPETITION UNION UNIVERSAL BANKS VENTURE CAPITAL WAREHOUSE WORKING CAPITAL The general principles for credit reporting were issued by the World Bank in September 2011. Since then, the World Bank and the international committee on credit reporting (ICCR) have been leading efforts towards the implementation of the general principles worldwide. This report is one of the concrete outputs of the work following the general principles. It addresses one of the most significant problems that limit the ability of most small and medium enterprises (SMEs) around the world to obtain adequate external financing to underpin their productive activities: information asymmetries. Creditors assess the creditworthiness of credit and loan applicants based on two basic criteria: ones financial capacity or ability to repay a loan, and ones willingness to repay the loan. A credit reporting system s (CRS) basic objective is to address information asymmetries, which is crucial for determining repayment capacity and repayment willingness. Credit reporting can therefore be extremely valuable to creditors for enhanced, fact-based credit risk assessments, and in this sense can also be seen as a tool to facilitate access to financing, including by SMEs. The main objective of this report is therefore to identify actions that can be undertaken by authorities and other relevant policy makers to improve the flow of data and other relevant credit information on SMEs to creditors through CRS. For this purpose, the report first analyses the overall status of credit reporting activities in connection with SMEs. 2015-04-28T18:04:23Z 2015-04-28T18:04:23Z 2014-05 Report http://documents.worldbank.org/curated/en/2014/05/24310503/international-committee-credit-reporting-facilitating-sme-financing-through-improved-credit-reporting http://hdl.handle.net/10986/21810 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study |