The Credit department is responsible for the daily activities relating to savings and credit in the society. The department’s working procedures aim at ensuring that the administration and management of Credit in the society is efficient and effective.
The mandate of the department include;
- Ensure collection of monthly remittance cheques and data.
- Ensure all new loans granted have been affected for recovery.
- Provide sound advice to the management and credit committee.
- Ensure all loans granted are recovered through effective appraisal.
- Adhere to loaning regulations as prescribed by the policy and By laws.
- Recover all defaulted loans from the guarantors as provided in the Bylaws.
- Grant timely loans to the members.
- Ensure all loans are fully guaranteed.
- Ensure effective controls to curb fraud.
- Provide timely loan reports as they are require.
- Ensure running loans recoveries are monthly remitted.