What is the relevance of your service in an economy like Uganda? First, as Metropol Credit Reference Bureau, is all about bridging the credit information gap between lenders and borrowers, what is technically referred to as information asymmetry. Lenders naturally wish to obtain as much information as possible about a borrower but the borrower is willing to give as less information as possible in order not to jeopardise his chance of getting a credit facility. That is where we come in handy. We collect credit data from several credit providers especially those regulated by Bank of Uganda and processes that data into a credit report for each borrower. This way, lenders get to access adequate information about a borrower without much hassle and can make a sound lending decision. Borrowers also benefit from this credit information sharing.
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