THE Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (Jica) jointly launched the Credit Risk Database (CRD) Scoring Model to help financial institutions better assess the creditworthiness of small and medium enterprise (SME) borrowers, including those without credit histories or adequate collateral.

BSP Governor Felipe M. Medalla said the CRD Scoring Model supports two objectives: bridging the funding gap for micro, small, and medium enterprises while enhancing the credit risk management of financial institutions using a data-driven approach. The scoring model, the key output of the three-year Technical Cooperation Program between the BSP and Jica), provides additional information for banks to assess the creditworthiness of MSMEs.