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Experian Credit Builders Alliance reporting data for microlenders
COSTA MESA, Calif. (4/25/08)--Experian, a global information services company, and Credit Builders Alliance (CBA), a nonprofit, have joined to launch a data-reporting partnership so CBA’s members can report microloan repayment data for Experian. Community development financial institutions (CDFIs), microenterprise and housing development organizations, asset-building organizations and community credit lenders can report the repayment history of their borrowers. More than 3,000 loans have been reported to Experian. Experian is the first credit bureau to work with CBA to help small business owners establish a credit history, said Zaydoon H. Munir, Experian senior vice president of marketing, product and data development. Experian is based in Costa Mesa, Calif. CBA is based in Alexandria, Va.


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