MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
and VoLo Africa are pleased to announce their agreement to merge their credit
bureau operations and establish a joint venture (JV), Creditinfo VoLo
the objective of working together in West Africa, in the area of credit
bureaus, risk management and biometric information.
Both organisations will actively
be involved in steering the future of the business in Africa, bringing
structure and strategic direction with the aim of increasing the stability of
the African financial system and stimulating investment and financial
inclusion, to create an environment in which the African banks can provide the
required facilities for all borrowers, ranging from small enterprises and micro
The private sector in Africa
plays a key role in increasing financial inclusion and in providing the
financial infrastructure necessary for sustained economic growth. The JV will
jointly develop an improved system that will be a fundamental part of the
financial infrastructure of Africa by providing high-quality credit information
to the financial sector.
the exchange of information, credit reporting systems can be established to
enable financial systems to use accurate information to offer credit based on
objective criteria. The result is lower risk and costs for the creditor and
increased economic opportunities for SMEs and members of society and especially
for those at the bottom of the financial pyramid. Working together,
Creditinfo and VoLo will design, integrate and implement strategic solutions to
improve credit risk management procedures in Africa.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).