Website VICTORY EMPOWERMENT CENTRE
A micro finance institute based on helping the active poor.
A Credit Officer in a Microfinance Institution (MFI) is responsible for evaluating loan applications, assessing creditworthiness, and managing the overall credit portfolio. They play a crucial role in ensuring the financial health of the MFI by minimizing risks and maximizing the success of loan disbursements.
Review loan requests
Assess clients’ financial status
Evaluate creditworthiness and risks
Contact clients to gather financial data and documentation
Analyze risks and approve or reject loan requests
Calculate financial ratios (e.g. credit scores and interest rates)
Ensure clients accurate and timely loan repayments
Maintain updated records of loan applications
Follow up with clients about loan renewals
Monitor progress of existing loans