•  Credit Reference Bureaus have been introduced to enhance access to credit based on financial identity through building information capital, which has benefited many low-income households and enterprises that lack traditional tangible collateral. Demand for tangible assets to secure loans has for many years locked out the bottom pyramid from the more affordable credit market.
Opening up this market to them enables them join the formal sector and engage in more inclusive businesses that generate better and sustainable incomes and benefit from inclusive growth. •  Expansion of bank branches and MFIs to reach the lower pyramid due to lower barriers to entry, enhanced competition and declining costs of maintaining accounts.