For the first time a screen located at Cairo Chamber to reveal the credit position of traders

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Thursday - 23 May 2019 - 10:46 AM

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After its agreement with the Egyptian Company for Credit Information "I-score"

 

For the first time outside the banks.. A screen located at  Cairo Chamber to reveal the credit position of traders

 

Cairo Chamber of  Commerce , headed by Engineer / Ibrahim El Araby signed a partnership contract with the Egyptian Credit Bureau "I-score" headed by Mohamed kafafy for the exchange of credit rating services and information to Chamber 's traders.

 

Eng. Ibrahim Al-Araby said that under the agreement between the chamber and the company, a screen will be set inside the Chamber to serve traders at the level of the Republic in terms of the credit position by a number of National ID, for the safety and stability in business and confidence for customers and helps in transactions at all levels.

 

 

El-Araby revealed that one of the services provided by this screen is that any mortgage asset appears on it, in the sense that any party who buys an item is shown to him whether it is mortgage or not. Therefore, we avoid any problems in this regard. This screen will give the committed trader the right to enjoy his good reputation, as well as any trader who has a problem with a bank and has a ban or otherwise will appear through this screen, to deal with this problem and resolve it.

 

 

Ell-Araby stressed that through this screen we aim to give a culture to the trader in how to build a good credit and how to repay it and all the details Involving its advantages and risks, pointing out that this step comes within our objectives in the Chamber to develop trade in light of the great global technological progress recently

 

 

Mohamed Ashmawy, Board Member of Cairo Chamber of Commerce, said that this agreement is the first of its kind in this regard, and Cairo Chamber has the lead in providing this service among the economic institutions in Egypt, as this screen has not been placed in any institution outside the banks until now.

 

 

Ashmawy stressed that Cairo Chamber deserves to be proactive because of its great weight not only in Egypt, but also in the Middle East. He expects that many institutions will follow the footsteps of Cairo Chamber in this regard in the coming period in view of the clear technological development globally on all levels. , Especially the information level.