Microfinance Loan Officer

There are certain attributes which contribute to the effectiveness of the MFI’s staff members.

Effective Microfinance loan officers usually exhibit the following:

 

(i) Motivation – the desire to:

  • Assist borrowers to avoid over-indebtedness
  • Grant good loans which will be repaid
  • Contribute to the maintenance and success of the MFI
  • Maintain the professional standards required of a Microfinance loan officer

 

(ii) The incentive to:

  • Provide a secure and increasing income for him/ herself, and family
  • Be seen as a respected, responsible member of the community
  • Help others, and in so doing, contribute to the development of South Africa

 

(iii) The knowledge to understand:

  • The microfinance sector
  • The rules and regulations pertaining to lending in the microfinance industry
  • The business dynamic
  • The micro-credit process
  • The dynamics of an MFI
  • The role of the Microfinance loan officer

 

(iv) The skills to perform the tasks required in terms of the MLO job description.