This case can be used in courses in the credit markets, emerging markets finance, economic and financial development. Pragma Corporation, Northern Virginia, an international consulting development, won the tender put out in 2001 by the U.S. Agency for International Development (USAID) through the development of credit bureaus in the Republic of Kazakhstan. Between 2001 and 2003, Javier Piedra, Senior Consultant Pragma, as well as a team of four local consultants assess market opportunities, prepared a business plan, and made the case a senior Kazakh government officials and the private sector to be able to develop a well-functioning private credit bureaus to based on international best practices. Key stakeholders accepted much of the theoretical arguments FSI, but it was not clear that the financial community is ready to transmit their own data, perhaps their most important asset to the credit bureau. To move forward, Piedra and his team had to negotiate with the various stakeholders about two complex issues - ownership and governance structure for the credit bureau and the legal basis for the exchange of credit information - and to convince the majority of banks to share their data. The case provides detailed information on the business plans of the credit bureau.
This Darden study. "Hide
by Wei Li, Bidhan Parmar Source: Darden School of Business 15 pages. Publication Date: February 1, 2007. Prod. #: UV0893-PDF-ENG
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