Q2 - FIN 055

The ______ has primary task of ensuring that clients loan application are administered according to the policy of the microfinance institution.

However, the __________ has the primary task of reviewing loan applications of clients.

In other MFIs, the processing of loan applications takes place after the loan applicant has successfully presented his or her _________ to the Branch Manager, Loan Officer and members of his or her group during the Loan Defense.

The Loan Officer should fill-out the __________________, which shows the summary of all loan applications that should be endorsed to the Branch Office or Head Office for the preparation of cheques or cash to be disbursed to the clients.

Answer explanation

This is a form

A Credit Investigation/Background Investigation (CIBI) is a continuing process of compiling information on the loan applicant’s character and state of business. Its fundamental purpose is to determine a loan applicant’s ____________

What is core 3?

The Loan Officer presides in the weekly meeting.

• TRUE

• FALSE

The group meets weekly depending on the availability of the Loan Officer.

• TRUE

• FALSE

The partnership between the MFI and the client is based on mutual trust.

• TRUE

• FALSE

As part of developing decision- making skills, the Group Leader decides the fixed time, date, and place of the weekly meeting and informs the Loan Officer about this.

• TRUE

• FALSE