CRIF is Developing the First Full Fledged Credit Bureau in Tajikistan

Atlanta, GA, October 24, 2012 --(PR.com)-- The tender was issued by the Credit Information Bureau of Tajikistan (CIBT), with the strong backing of the country’s Central Bank, and supported by the International Finance Corporation (IFC), the World Bank Group member institution, which acted as an honest broker in the tender process.

As part of the goal to be the first world class credit bureau in the region and supporting the development of the local economy, CRIF joined the shareholding company CIBT, made up of major local banks, microfinance institutions and the microfinance association AMFOT, acquiring 49% of CIBT shares. In line with the local regulatory and legal framework, the credit bureau platform system developed by CRIF will gather positive and negative credit information on individuals and businesses from eligible Tajikistani lending institutions, in particular banks and microfinance institutions.