Loan Officer – Microfinance Institution x8

No detailed description provided.

• Interview loan applicants and analyze financial data in order to determine the creditworthiness of prospective borrowers. • Establish and negotiate terms under which credit will be extended, including rates, loan structure, and collateral requirements based on borrower’s financial status. • Maintain an active knowledge base of all of the organization’s loan products and an understanding of the qualifications required of each applicant • Approve loans up to individual lending authority and serve as contact officer on loans above this limit. • Meet with loan applicants to identify their needs and collect information for loan applications. • Analyze active loan files on a regular basis and recommend solutions to speed up the loan process. • Complete loan contracts and teach clients on policies and regulations. • Interview applicants to define financial eligibility and establish debt payment plans. • Submit loan applications in a timely manner. • Reject loan applications and explain deficiencies to applicants. • Collect and analyze information which reflects the financial condition of existing loans through direct inspection, review of interim financial reports, personal interview, and various other methods. • Monitor loan repayment activities and take necessary action to collect on past-due accounts. • Develop new business by contacting prospective customers and cross-selling services. • Assist collector with collection duties and responsibilities. • Participate in various community affairs to increase the institution’s visibility and to create new business opportunities.