Certificate Of Clearance (CoC)
Governmental and an increasing number of private sector employers are making it mandatory for prospective employees to present a Certificate of Clearance from the Credit Reference Bureau (CRB). Metropol provides a convenient network through its physical office, email system and sales officers for individuals to obtain their CoC when required. The CoC may be used to Know Your Employee (KYE), Know Your Customer (KYC), Know Your Agent (KYA), or to clear the individual or company itself for business with other SMEs or corporate clients.
Frequently Asked Questions
Delve into our resourceful section for valuable insights and answers, aiding in your understanding of Metropol’s offerings and services.
Credit Reference Services (CRS) refer to services provided by a Credit Reference Bureau (CRB) to enable lenders know how borrowers repay their loans. Credit information submitted by Commercial Banks, Credit Institutions and Microfinance Deposit taking Institutions is shared amongst themselves to enable them make informed credit decisions.
A CRB is a company licensed by Bank of Uganda to collect and collate credit information on individuals and companies from various sources and disseminate that information in form of a credit report to authorized users.
A credit report is a record of an individual or company’s borrowing and repayment history prepared by a credit bureau. The report shows how the borrower has handled credit in the past and based on this information, lenders determine the applicant’s credit worthiness.