Credit Rating for Under-banked SMEs

Philippines

CreditBPO Rating Report© is a SaaS rating solution that is affordable, easy to use, independent, and objective. It aims to be the standard rating platform for under-banked SMEs, to be used as a pre-clearance tool for SME loan applicants, spread business credit rating awareness, improve access to finance, and jumpstart emerging ASEAN AEC trade.

Project Stage

Scaling

Implementation time

1 - 6 months

Total Cost

$100,000.00

Last update: October 05, 2023

Overview Contributors

Challenge

Many SMEs in the Philippines face challenges in accessing credit due to lack of standard credit rating, which hinders their ability to get loans and participate in trade.

Description

The CreditBPO Rating Report© allows SMEs to answer a questionnaire, upload documents, and receive a comprehensive 10-page rating report within 24-48 hours. This report includes a rating dashboard, strategic profile, financial analysis, and actionable recommendations.

SDGs

Outcomes

The project has achieved buy-in by a development bank, ongoing trials with credit guarantee agencies, banks, and government agencies, and has been identified as a key private sector partner in governmental financial inclusion and e-commerce SME programs.