The economy stands to gain a lot should everyone know about the existence, role and benefits of the credit reference bureau.
The benefits also would come if many people, especially borrowers make good use of the credit bureau products and services. Dun & Bradstreet Credit Bureau Tanzania Limited, General Manager, Mr Adebowale Atobatele said the bureau cut lending risks as defaulter risks is reduced.
“Successful economies do not just happen but they are cultivated and we all have a responsibility to cultivate our own economy by ensuring that those who deserve to get access to credit for productive use actually do,” Mr Atobatele said.
He added: “thus when people are given loans they should repay thus ensuring that more people get access to credit”.
The general manager was speaking in a one day seminar with students from the Institute of Finance and Management (IFM) and the University of Dar es Salaam (UDSM).