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Compuscan

Country

  • Product Type: Credit Bureau/Scoring
  • Sector: Finance Oriented
  • Project Country: Uganda

Compuscan

Compuscan
Compuscan

Compuscan is a specialist credit information technology company.  Compuscan provides risk management solutions to its clients – these include mainstream banks, microfinance institutions, micro-lenders, utility companies, co-ops and credit unions. It is the main credit reference bureau in Uganda currently.

Project Description

Compuscan proposes to build a rural agricultural finance credit bureau for small lenders. This will be a biometric based credit reference bureau which will, for example, store credit data and collaterals, allow loan processing, and store specific agricultural data. This is complemented by a ready-to-go Loan Management System (LMS) that is an optional add-on.  The LMS is also available as a stand-alone product to small lenders.

Key Innovations

A credit reference bureau is an important support function for any credit market and particularly important for smallholder farmers. By including agricultural information into the credit reference bureau, a richer picture can form of the credit-worthiness of farmers – as opposed to the current scenario where rural farmers are cut out of borrowing due to their lack of a formal credit history.