Equifax India, IFC partner to provide credit data on SHGs

Credit information company Equifax India today signed an agreement with International Financial Corporation (IFC) to deepen coverage of self-help group (SHG) member data in credit bureaus.

The agreement will promote financial inclusion and access to funds for women from lower income groups by facilitating integration of SHG borrower data with credit bureaus.

"The initiative will increase the number of borrower profiles in the credit bureaus and thereby help them benefit while applying for new credit facilities," Equifax's head ( product management) Sundar Arumugam, said in a statement here today.