Implementation of Credit Scoring for MSE Lending at First Microfinance Bank

BFC is introducing Credit Scoring as a methodology for MSE lending as a means of improving efficiency and thereby lowering operating costs

, enabling the First Microfinance Bank to expand outreach whilst maintaining acceptable levels of profitability and continuing to serve its target market.

BFC is helping FMFB to put in place a greatly improved credit scoring system by:

  • Developing an APS independent of FMFB’s existing MIS;
  • Developing and implementing fully proprietary scorecards;
  • Providing related staff training and support;
  • Providing recommendations for possible implementation of statistical credit scoring;
  • Undertaking an interim review and provide recommendations for any modifications to the scorecards.