What we do is actually create a conducive environment for people to obtain credit. By generating credit reports for individuals, SMEs and corporates, we encourage responsibility in people, who then become credit worthy in the eyes of banks and other lending institutions.
By maintaining a good track record from the start, SMEs especially have the benefit of being able to prove their potential and earn the trust of the business world.
So maintain a good credit record and avail yourself of more credit.
Cheques are a time-honored financial instrument designed to be as good as cash. However, people issuing cheques without having adequate funds have become a huge problem to society. If allowed to continue unabated it could well result in irreparable damage to the economy and to people’s lively hoods.
Therefore, as a part of its mandate, CRIB has initiated strict deterrents to discourage people from engaging in this dishonorable and illegal act. CRIB now includes the details of cheques returned by commercial banks due to insufficient funds in the respective credit reports since January 2010.