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ASPEKT signs collaboration agreement with Microcredit Foundation Horizonti

March 2010, Skopje, Macedonia

ASPEKT signed agreement with Microcredit Foundation Horizonti for implementation and installation of Credit Scoring System.

ASPEKT will be implementing the Credit Scoring Engine for automatic credit decisions, for the purpose of responding to the needs of the Microcredit Foundation Horizonti, where the solution will be adapted completely to client’s needs. The client will receive a prosperous tool for accepting credit score cards and mechanism for automated calculations, integrated into the client’s loan process and the ongoing Aspekt Microfinance Software. With the new system Microcredit Foundation Horizonti will overcome the major delay indicators and simplify the operational activities in the company.

Foundation Horizonti was established in January 2000 as a microfinance project for Catholic Relief Services USCC in Macedonia. Primary objectives of the project were providing access to financial services – microloans to entrepreneurs in the country and creating a self-sustaining local micro financial institution. With operational activities it began in March 2000 when the first loans were disbursed. The project was financially and technically supported by CRS and other well-known and reputable international donors. In June 2005, the project was localized with foundation Horizonti, under the Law of Associations of Citizens and Foundations.