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National Bureau of Credit Histories and the Russian Microfinance Center have signed a partnership contract


 06.02.2006 

Joint stock company
«National Bureau of Credit Histories»
(JSC «NBCH»)
B. Nikitskaya, 24, Moscow, Russia, 121069.
Tel.: 221-78-37
Fax: 221-78-37



Press-release


National Bureau of Credit Histories
and the Russian Microfinance Center
have signed a partnership contract



National Bureau of Credit Histories (NBCH) and the Russian Microfinance Center (RMC) have signed a partnership contract. Its aim is to attract the attention of microfinance organizations (MFIs) to the services of the bureau of credit histories.

The business of consumer credit cooperative, funds of SME support, non-bank deposit and credit organizations, and non-commercial partnerships are closely connected with microfinance.

Nowadays, there are about 1000 non-bank microfinance organizations in Russia, their total portfolio is approximately 500 mln. USD, the amount of credits made a year is higher than 400 000.

Partnership between NBCH and RMC will allow to increase the attractiveness of funding small business enterprises and low-income individuals which is extremely important to simplify their access to financial-credit resources. At the same time, cooperation with credit bureau will provide additional possibilities to MFI to protect them from unscrupulous borrowers and lower financial risks. This, in particular, will increase the transparency of MFIs portfolio and allow them to cooperate with banks in attracting credit resources.

Interacting with RMC and using their knowledge of the special features of microfinance economic sector will help NBCH to hasten the process of establishing relations with MFIs on a mutually beneficial base.



Contact information:


RMC:
Anisa Aisina - Manager of MFI Services.
Tel.: (495) 258-27-05/68-31.
E-mail: Aaisina@rmcenter.ru

NBCH:
Dmitriy Filin - Marketing and PR Manager.
Tel.: (495) 221-78-37 additional 137.
E-mail: DFilin@nbki.ru

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