Global Dominion Financing Inc. (GDFI) has been officially approved as a Participating Institution in the Credit Risk Database Philippines (CRDPh)-a pioneering project jointly launched by the Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (JICA).
The CRDPh is a web-based credit scoring system designed to enhance the financial inclusion of small and medium enterprises (SMEs) by providing financial institutions with a data-driven tool to assess creditworthiness. Using anonymized financial and non-financial data, the platform generates statistical credit scores and default probabilities, enabling lenders to make faster, more objective and risk-based lending decisions.
As one of the 33 pioneering financial institutions, GDFI is proud to be the first Non-bank Financial Institution (NBFI) to join this initiative, contributing to the creation of a more inclusive and resilient financial ecosystem. This milestone aligns with GDFI’s commitment to empowering Filipino entrepreneurs and supporting the growth of MSMEs, which make up over 99% of registered businesses in the Philippines.
The CRDPh platform addresses the long-standing challenge of information asymmetry in SME lending. By reducing reliance on collateral and offering a standardized credit evaluation model, it opens new opportunities for businesses that are often underserved by traditional banking systems.
GDFI’s participation in the CRDPh not only strengthens its risk management capabilities but also reinforces its role in advancing financial inclusion and economic development in the country.