Assistant Micro Credit Officer

KEY RESPONSIBILITIES:

• Programme introduction to identify potential borrowers

• Effective and strong credit appraisal ensuring credit reaches to right borrower (i.e. person who deserves and has potential to repay the loan)

• Strong recovery monitoring and follow-up

TASKS

• The work of the Assistant Credit Officer includes some or all of the following activities:

Introduction and case processing

• Identification of possible potential clients by making field visits in the targeted community through meetings and door to door interactions
• Formation of local groups of clients for effective delivery of services as and when required.
• Follow-up visit to the community for monitoring the micro enterprises in order to check the progress, reputation or the general opinion of the community.
• Interview applicants and requests specified information for loan application;, background checks, reference checks, and appropriate credit documentation to evaluate loan applications;
• Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan; and corresponds with or interviews applicant or creditors to resolve questions regarding application information.

Planning and Management

• The ACO is required to prepare his/her work plan of the activities on monthly, quarterly and annually basis as and when required.
• Accurate and timely processing of credit applications in accordance with lending policies and limits
• Establishing timely recovery follow up plan with clients
• Ensuring the incorporation of the Islamic tools of financing in the programme
• Assists community or potential borrowers with inquiries and information requests, and resolves complaints relating to loan products and services offered

Documentation:

• Preparing daily, monthly field reports recording the day’s events,
• Maintaining updated individual clients ledgers and
• Compilation of the collected client information into database
• Maintaining financial and socio-economic record of each client.
• Developing follow up reports of each client.

Disbursement and Recovery

• Purchasing of stock for the borrowers as and when required
• Compilation of all relevant documents at the signing of “Murabaha Contract”
• Determine monthly installments amount and due data. Communicate and provide pass book immediately to borrowers once the loan is disbursed
• Timely recovery collection from borrowers
• Daily submission of recovery collection to finance department.