MCIX 2nd ANNIVERSARY
7 Dec, 2020
MFIs in Myanmar have come a long way since MCIX was initiated in October 2018 with the objective to share and exchange basic information of their borrowers to manage credit risks and to gain financial intelligence while protecting borrowers from becoming over-indebted.
2 years later, 2 out of 4 Microfinance borrowers are now reported in MCIX every month, enabling MFIs who are participating in MCIX to control and monitor multiple, overlapping loans while protecting the privacy of clients in the interest of MFIs, clients and overall financial sector.
WHAT PEOPLE SAY
We have achieved better credit assessment since we have started using MCIX. We now have access to credit information which we could never achieve such as Overlap Report, Delinquent and Write-Off information with other MFIs, and NRC Search.
MCIX is a valuable tool to manage credit risk and avoid over-indebtedness for clients. We can now assess competition levels and risks own township levels with the help of MCIX. Well done, ThitsaWorks! Keep it up and hope we can get MCIX to the next level”
Early Dawn MFI
It is just so impressive to see what MCIX has been achieved just considering country limitations and financial market restrictions.
LOLC Myanmar MFI
Before using MCIX, we have difficulties in analysing our clients. MCIX solves these problems by easy access to the information, and helps us efficient and informed
Vision Fund Myanmar
MCIX is a great example of the power and impact of industry collaboration, bringing together regulators, fintechs, and MFI’s to achieve something greater than any of us could achieve on our own.