By Adejo David
CRC Credit Bureau Limited (CRC) has been named the Best Credit Bureau in Nigeria 2020 by Capital Finance International ( a print journal and online resource reporting on business, economics and finance with its Headquarters in London, United Kingdom.
The Managing Director/CEO CRC, Tunde Popoola, expressed delight with the award.
He said the award has cemented the firm as the “largest credit reporting agency in Nigeria, responsible for over 95% of the nation’s recorded credit data from commercial banks, on-bank institutions, utility companies and retailers.”
He attributed the feat to ” well-designed organisational structure, fine-tuned processes and highly principled governance”.
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The CEO added: “CRC creates a database of risk profiles deploying diligent research and data mining. Credit providers and borrowers alike rely on CRC Credit Bureau to facilitate informed lending and borrowing decisions with fast and hard facts.
“Creditors can access the CRC database to check a prospective borrowers credit history or tailor new credit products using its tech-driven development tools. Catch-22 that it is, accessing a credit line requires a good credit history, whether private person or corporate organisation and CRC foresees fintech partnerships filling the gap in financial inclusion.”