Better managing credit risks and protecting borrowers through MCIX

We are delighted to announce that ASGB has implemented the Microfinance Credit Information Exchange MCIX to improve credit risk management while strengthening client protection by preventing overdebltness.

In partnership with Myanmar Microfinance Association (MMFA) and ThitsaWorks, MCIX has been developed as an independent network and trusted technical solution that provides 57 Microfinance Institutions (MFIs) serving 3.9 million borrowers with business credit intelligence within an ethical, legal, and professional framework. It facilitates information exchange between MFIs in Myanmar to minimise bad credit and appropriately manage credit risk promoting transparency in the transactional behaviours of debtors. The information sharing allows for control and monitoring of multiple and overlapping loans while protecting the privacy of clients in the interest of MFIs, clients and the overall financial sector.

Since ASGB is part of the MMFA membership, we have the privilege to access the MCIX portal easily and have access to the credit data which is shared by the MCIX members in a secure environment. We believe it will assist with further collaboration within the MFI sector for the common goal of financial inclusion and client protection.

By leveraging the opportunity to collaborate, we hope that we empower our clients while improving our loan assessment capabilities and operational efficiencies. We continue to endeavour to provide the best services to our valuable customers with the most efficient and innovative practices in this rapidly changing environment.

About ASG Bancorp Microfinance Limited

ASG Bancorp Microfinance Limited (ASGB), as part of the Asia Sustainability Group, was founded in 2016, provide individuals and entrepreneurs in Myanmar with useful and affordable financial services that meet their needs in the way they need and when they need. Our vision is to become the most efficient and innovative microfinance institution in Myanmar and provide the best service, most flexibility and most client-orientated financial services.

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