Report

Facilitating SME Financing through Improved Credit Reporting

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collection.link.77
https://openknowledge.worldbank.org/handle/10986/2185
collection.name.77
Other Financial Sector Study
dc.contributor.author
International Committee on Credit Reporting
dc.date.accessioned
2015-04-28T18:04:23Z
dc.date.available
2015-04-28T18:04:23Z
dc.date.issued
2014-05
dc.date.lastModified
2021-04-23T14:04:04Z
dc.description.abstract
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.
en
dc.identifier
http://documents.worldbank.org/curated/en/2014/05/24310503/international-committee-credit-reporting-facilitating-sme-financing-through-improved-credit-reporting
dc.identifier.uri
http://hdl.handle.net/10986/21810
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO CAPITAL
dc.subject
ACCESS TO CREDIT
dc.subject
ACCESS TO FINANCING
dc.subject
ACCESS TO INFORMATION
dc.subject
ACCOUNTS RECEIVABLES
dc.subject
ADMINISTRATIVE BURDEN
dc.subject
ALTERNATIVE FINANCING
dc.subject
ANTI-MONEY LAUNDERING
dc.subject
ANTI-MONEY LAUNDERING LEGISLATION
dc.subject
ARREARS
dc.subject
ASYMMETRIC INFORMATION
dc.subject
AVAILABILITY OF CREDIT
dc.subject
BALANCE SHEET
dc.subject
BALANCE SHEETS
dc.subject
BANK LOANS
dc.subject
BANKING AUTHORITY
dc.subject
BANKING SUPERVISION
dc.subject
BANKING SYSTEM
dc.subject
BANKRUPTCIES
dc.subject
BANKRUPTCY
dc.subject
BANKRUPTCY FILINGS
dc.subject
BANKRUPTCY LAWS
dc.subject
BANKS
dc.subject
BENEFITS OF CREDIT
dc.subject
BORROWING
dc.subject
BROAD ACCESS
dc.subject
BUSINESS ACTIVITIES
dc.subject
BUSINESS ACTIVITY
dc.subject
BUSINESS INFORMATION
dc.subject
BUSINESS OWNERS
dc.subject
BUSINESS PEOPLE
dc.subject
BUSINESS PLAN
dc.subject
CAPITAL INJECTIONS
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL REQUIREMENTS
dc.subject
CASH ADVANCE
dc.subject
CHAMBER OF COMMERCE
dc.subject
CHECKING ACCOUNT
dc.subject
COMMERCIAL BANKS
dc.subject
COMMERCIAL LENDING
dc.subject
COMMERCIAL TRANSACTIONS
dc.subject
CONSUMER CREDIT
dc.subject
CONSUMER LENDING
dc.subject
CONSUMER PROTECTION
dc.subject
CONTRACT ENFORCEMENT
dc.subject
COOPERATIVE BANKS
dc.subject
CORRUPTION
dc.subject
COST OF CREDIT
dc.subject
CREDIT APPLICATION
dc.subject
CREDIT BUREAU
dc.subject
CREDIT BUREAUS
dc.subject
CREDIT CARD
dc.subject
CREDIT CARDS
dc.subject
CREDIT FACILITY
dc.subject
CREDIT GAP
dc.subject
CREDIT GUARANTEE
dc.subject
CREDIT GUARANTEES
dc.subject
CREDIT HISTORIES
dc.subject
CREDIT HISTORY
dc.subject
CREDIT HISTORY INFORMATION
dc.subject
CREDIT INFORMATION
dc.subject
CREDIT MANAGEMENT
dc.subject
CREDIT MARKET
dc.subject
CREDIT MARKETS
dc.subject
CREDIT PERFORMANCE
dc.subject
CREDIT POLICIES
dc.subject
CREDIT RATING
dc.subject
CREDIT RATING AGENCIES
dc.subject
CREDIT RATINGS
dc.subject
CREDIT REGISTRIES
dc.subject
CREDIT RELATIONSHIP
dc.subject
CREDIT REPORT
dc.subject
CREDIT REPORTING
dc.subject
CREDIT REPORTS
dc.subject
CREDIT RISK
dc.subject
CREDIT RISK MANAGEMENT
dc.subject
CREDIT RISKS
dc.subject
CREDIT SCORES
dc.subject
CREDITOR
dc.subject
CREDITOR RIGHTS
dc.subject
CREDITORS
dc.subject
CREDITWORTHINESS
dc.subject
CURRENT ACCOUNT
dc.subject
DEBT
dc.subject
DEBT INSTRUMENTS
dc.subject
DEBTOR
dc.subject
DEBTORS
dc.subject
DEPOSIT
dc.subject
DEPOSIT RELATIONSHIP
dc.subject
DEVELOPMENT BANK
dc.subject
DEVELOPMENT BANKS
dc.subject
DIRECT FINANCING
dc.subject
DIRECT LOAN
dc.subject
DISCRIMINATION
dc.subject
DOMESTIC BANKS
dc.subject
E-COMMERCE
dc.subject
ECONOMIC ACTIVITIES
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
EXPENDITURES
dc.subject
EXPLOITATION
dc.subject
EXTERNAL CREDIT
dc.subject
EXTERNAL FINANCE
dc.subject
EXTERNAL FINANCING
dc.subject
FACILITATION
dc.subject
FAIR ACCESS
dc.subject
FINANCE CORPORATION
dc.subject
FINANCIAL CAPACITY
dc.subject
FINANCIAL CREDITORS
dc.subject
FINANCIAL CRISES
dc.subject
FINANCIAL FRAUD
dc.subject
FINANCIAL INFORMATION
dc.subject
FINANCIAL INSTITUTION
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL INTERMEDIARY
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL OBLIGATION
dc.subject
FINANCIAL OBLIGATIONS
dc.subject
FINANCIAL POSITION
dc.subject
FINANCIAL PRODUCTS
dc.subject
FINANCIAL REPORTING
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL STATEMENTS
dc.subject
FINANCING CONSTRAINT
dc.subject
FINANCING CONSTRAINTS
dc.subject
FINANCING FACILITIES
dc.subject
FINANCING FACILITY
dc.subject
FINANCING NEEDS
dc.subject
FIXED ASSETS
dc.subject
FORMAL FINANCIAL INSTITUTIONS
dc.subject
GOOD CREDIT
dc.subject
GOVERNMENT BONDS
dc.subject
GUARANTEE SCHEME
dc.subject
GUARANTORS
dc.subject
GUARANTY
dc.subject
ID
dc.subject
INDEBTEDNESS
dc.subject
INFORMATION ABOUT CREDIT
dc.subject
INFORMATION ASYMMETRIES
dc.subject
INFORMATION SERVICE
dc.subject
INFORMATION SHARING
dc.subject
INSURANCE
dc.subject
INTEREST RATES
dc.subject
INTERNAL FINANCING
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL FINANCE
dc.subject
JOB CREATION
dc.subject
JUDGMENT
dc.subject
LACK OF INFORMATION
dc.subject
LARGE FIRMS
dc.subject
LATE PAYMENTS
dc.subject
LEGAL AUTHORITY
dc.subject
LEGAL ENVIRONMENT
dc.subject
LENDER
dc.subject
LENDERS
dc.subject
LETTER OF CREDIT
dc.subject
LETTERS OF CREDIT
dc.subject
LIMITED ACCESS
dc.subject
LIMITED ACCESS TO FINANCE
dc.subject
LINE OF CREDIT
dc.subject
LOAN
dc.subject
LOAN AMOUNTS
dc.subject
LOAN OFFICER
dc.subject
LOAN SIZE
dc.subject
MERCHANTS
dc.subject
MONEYLENDERS
dc.subject
MORAL HAZARD
dc.subject
MORTGAGES
dc.subject
MOVABLE COLLATERAL
dc.subject
MUTUAL FUNDS
dc.subject
NEED FOR CREDIT
dc.subject
NEW BUSINESS
dc.subject
OUTSTANDING LOAN
dc.subject
OVERDRAFT
dc.subject
OVERDRAFTS
dc.subject
PAYMENT DEFAULTS
dc.subject
PEER LENDING
dc.subject
POTENTIAL BORROWERS
dc.subject
POTENTIAL DEBTORS
dc.subject
PROBABILITY OF DEFAULT
dc.subject
PROPERTY AS COLLATERAL
dc.subject
PROPERTY RIGHTS
dc.subject
PROTECTION OF PROPERTY
dc.subject
PUBLIC POLICY
dc.subject
REAL ESTATE
dc.subject
REGULATORY FRAMEWORK
dc.subject
REGULATORY OVERSIGHT
dc.subject
REIMBURSABLE GRANTS
dc.subject
REPAYMENT
dc.subject
REPAYMENT CAPACITY
dc.subject
REPAYMENT PERIOD
dc.subject
REPAYMENT SCHEDULES
dc.subject
RESERVE BANK
dc.subject
RISK MANAGEMENT
dc.subject
SAVINGS
dc.subject
SAVINGS ACCOUNT
dc.subject
SECURITIES
dc.subject
SETTLEMENTS
dc.subject
SHORT-TERM FINANCING
dc.subject
SMALL BUSINESS
dc.subject
SMALL BUSINESS ADMINISTRATION
dc.subject
SMALL BUSINESSES
dc.subject
SOCIAL SECURITY
dc.subject
SOLVENCY
dc.subject
SOURCES OF FINANCE
dc.subject
START-UP
dc.subject
START-UPS
dc.subject
TERM CREDIT
dc.subject
TRADE CREDIT
dc.subject
TRADE CREDITOR
dc.subject
TRADE CREDITORS
dc.subject
TYPES OF CREDITORS
dc.subject
UNFAIR COMPETITION
dc.subject
UNION
dc.subject
UNIVERSAL BANKS
dc.subject
VENTURE CAPITAL
dc.subject
WAREHOUSE
dc.subject
WORKING CAPITAL
dc.title
Facilitating SME Financing through Improved Credit Reporting
en
dc.type
Report
en
okr.date.disclosure
2015-04-06
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Other Financial Sector Study
okr.docurl
http://documents.worldbank.org/curated/en/2014/05/24310503/international-committee-credit-reporting-facilitating-sme-financing-through-improved-credit-reporting
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000406484_20150406153844
okr.identifier.internaldocumentum
24310503
okr.identifier.report
93790
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/04/06/000406484_20150406153844/Rendered/PDF/937900REPLACEM0litating0SME0Upd2014.pdf
en
okr.sector
Finance
okr.sector
Finance :: Banking
okr.sector
Finance :: Micro- and SME finance
okr.sector
Finance :: General finance sector
okr.theme
Financial and private sector development :: Small and medium enterprise support
okr.theme
Financial and private sector development :: Standards and financial reporting
okr.theme
Financial and private sector development :: Other financial and private sector development
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Banks and Banking Reform
okr.topic
Finance and Financial Sector Development :: Financial Intermediation
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.unit
Finance & Markets - GP - IBRD (GFMDR)

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