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Thursday, December 16, 2010

Credit officer job in Kenya

The chief functions of a Credit Officer is to identify new customers; facilitate group formation; appraise and assess loan
applications; prepare assessments and recommendations for Credit Manager; and educate loanees
as to their responsibilities for repayment of loans.

Main Duties and Responsibilities
    * To interview applicants and to explain the lending procedures and requirements to the potential customers.
    * To facilitate group formation and train groups
    * To receive loan applications.
    * To assess customer's applications, visit the business premises as well as the residence to appraise the financial situation of the customer/business/project.
    * To advise customers as to the documents and financial, reports required to process their loan applications.
    * To process customers application and prepare a financial and social data (cash flow, balance sheet) for submission to Credit Manager.
    * To ensure that all documents required are complete and signed by the customer.
    * To disburse loans according to the decision of the Credit Manager.
    * To follow up all loans outstanding he/she is responsible for.
    * To ensure strict and continuous follow-up of his/her outstanding portfolio by checking the up-dated arrears list.
    * To ensure that all types of securities (insurance policies, fixed deposits etc) are being kept up to date.
    * To review periodically bad and doubtful accounts for chances of recovery.
    * To evaluate loans and customers after repayment.


A relevant college education and 5 years relevant experience in a microfinance environment. Experience working with groups is critical for this assignment.

Please send your application and resume to
Only short listed candidates will be contacted

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