At least 1,517,000 Kyrgyzstanis have credit histories, 302,355 of which are negative. Deputy Minister of Economy and Commerce Benazir Nurlanova announced at a meeting of the Zhogorku Kenesh.
It was noted that a negative credit history begins when a person delays a payment for 90 days.
Deputies reviewed amendments to the Law «On the Exchange of Credit Information,» which propose reducing the period of storage of credit information:
- positive — from seven to five years;
- negative — from five to three years.
A provision is also proposed that negative credit information on loan transactions of less than 10,000 soms be stored for one year.
Deputies adopted the bill in its first reading.
