An Information System For A Credit Reference Bureau Case Study: Compuscan Credit Reference Bureau

ABSTRACT

The process of loan acquisition in Uganda has been very tedious with

long lists of forms to be filled, checks to pass, vast security requirements

and very high interest rates involved.

Compuscan Credit Reference Bureau (U) ltd is a south African~based

private company that was licensed in 2006 by Bank of Uganda to collect

financial information about individual borrowers and companies. This

information is then analyzed and presented to banks and other legal

lending institutions for them to make decisions depending on credit

worthiness of the borrower.

This research aims at creating an information system that will be able to

collect, analyze and interpret data from borrowers and avail it to the

participating banks for them to make decisions on whether to lend or not.

Registered members will be issued with a financial card which will

contain all their details on credit worthiness.

This will be taken as a single requirement for loan acquisition in Uganda and shall in the long run reduce the interest rates on loans.

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