Pioneer
About 10 days ago, it was reported that Guyana had granted a licence to a company called Creditinfo Guyana to carry on the services of a credit bureau. The new company, a Greenfield foreign investment, was identified as a subsidiary of Creditinfo International. Creditinfo Guyana would be breaking new ground in the financial intermediation market in Guyana by becoming the first enterprise to serve as a ‘middleman’ between Guyanese borrowers and commercial banks and other creditors. Based on the type of service that it will be providing, Creditinfo Guyana could truly be described as a pioneer of the credit information industry in Guyana. The rationale for establishing a credit bureau is to ease access to credit and help stimulate economic expansion. This development should certainly be of interest to Guyanese since many persons, for a variety of reasons,
