Credit information sharing arrangements (‘CIS’) have emerged worldwide as an effective mechanism to improve access to credit by reducing information asymmetry between borrowers and lenders and improving the quality of credit assessments made by lenders. Since 2009, Credit Information Sharing Association of Kenya (‘CIS Kenya’) has been developing the system of credit information sharing in Kenya. Through the efforts of CIS Kenya and its partners the CIS mechanism has undergone a tremendous evolution over the last seven years, both in terms of usage and coverage of credit information.
This report was commissioned by CIS Kenya and FSD Kenya to understand current perceptions of market participants regarding the usage of the Credit Information Sharing (CIS) mechanism, its impact on the market and remaining constraints to the development of an effective credit sharing mechanism in Kenya.
Hajat, M., Ketley, R., Miano, M. and Njeru, T. (2016). Towards positive selection in the Kenyan credit market: An assessment of the current and prospective future effectiveness of credit information sharing in the Kenyan market. Nairobi, Kenya: FSD Kenya.