Micro Credit Officer
Full time @Winas Sacco posted 2 weeks ago in Accounting/Finance , in Banking Shortlist Email JobJob Detail
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Job ID 4394
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Offered Salary 1000
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Career Level Others
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Experience 5 Years
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Gender Both
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Industry Banking/Insurance
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Qualifications Diploma/Degree/Masters
Job Description
Micro Credit Officer – REF: WSL/05/2025/MCO
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DEPARTMENT: LOCATION: REPORTS TO: JOB GRADE: |
Micro Credit Officer
Credit Head Office Head Of Credit 3A- 3D |
JOB SUMMARY
To manage and oversee the micro-credit lending process, including loan origination, assessment, disbursement, and recovery. The Micro Credit Officer will also develop strategies for growing the SACCO’s micro-lending portfolio while maintaining quality and ensuring compliance with regulatory and internal risk management standards.
Duties and Responsibilities:Micro Credit Officer
- Identify and assess potential micro-credit clients (individuals, groups, SMEs, chamas, etc.) by conducting detailed business intelligence, financial analysis, and site visits.
- Guide and support members in preparing loan applications, ensuring they meet SACCO’s credit criteria.
- Review loan applications, creditworthiness, and risk profiles, ensuring compliance with SACCO policies and SASRA regulations.
- Conduct credit analysis, including assessing financial statements, business plans, and other relevant documentation.
- Oversee the approval and disbursement of approved loans, ensuring accuracy and timeliness.
- Regularly monitor disbursed loans to ensure that repayments are being made according to the terms of the loan agreement.
- Conduct periodic site visits to monitor the use of loans and ensure they are being utilized as per the agreed terms.
- Proactively manage loan recovery processes by engaging with clients who fall behind on payments and developing personalized repayment solutions.
- Work closely with the legal department to initiate recovery actions where necessary, including initiating loan defaults and legal recovery processes.
- Monitor the loan portfolio to minimize non-performing loans (NPLs) and improve the PAR
- Build and maintain strong relationships with micro-loan clients to foster loyalty and reduce defaults.
- Offer financial guidance, training, and support to loan recipients to ensure they effectively use the funds and repay loans on time.
- Conduct regular follow-up meetings with clients to assess progress, address challenges, and provide advisory services.
- Develop strategies to expand the SACCO’s micro-lending portfolio, particularly targeting high-growth sectors such as agriculture, retail, women-led businesses, and youth enterprises.
- Identify and pursue new business opportunities to grow the member base, including participating in financial literacy and member education campaigns.
- Work with the marketing team to promote micro-credit products to potential clients.
- Ensure compliance with SACCO’s credit policies, SASRA regulations, and the Kenya Financial Institutions Act regarding micro-credit operations.
- Maintain accurate loan records and prepare regular reports on portfolio performance, arrears, loan losses, and risk assessments for senior management.
- Ensure that all loan documentation, including agreements and collateral, is complete, secure, and legally binding.
Key Qualifications and Competencies
Academic & Professional Qualifications
- Minimum Kenya Certificate of Secondary Education (C+) Plus.
- Bachelor’s Degree in Business Administration, Finance, Economics, or a related field.
- A professional qualification diploma in Credit Management e.g., CICM or minimum CPA section 11
- Age 30 – 40 years.
Experience
- Minimum of 5 years of experience in micro-credit or small business lending, preferably within a SACCO, microfinance institution, or bank.
- Proven track record in credit analysis, portfolio management, and loan recovery.
Skills & Competencies
- In-depth knowledge of micro-lending practices, SACCO operations, and regulatory requirements in Kenya (SASRA).
- Strong financial analysis, risk management, and problem-solving skills.
- Excellent communication and interpersonal skills to interact with clients, colleagues, and management.
- Ability to manage a team, if applicable, and handle multiple responsibilities simultaneously.
- Proficiency in MS Office and SACCO core banking systems.
- Highly motivated, results-oriented, and able to work under pressure to meet targets.
How to Apply
Interested qualified candidates are invited to submit their Application and Curriculum Vitae indicating full contact details of three professional referees through Winas DT. Sacco website on the link https://winassacco.com/careers, not later than 23rd May 2025 at 5.00pm. Please note all applications are strictly online.Â
Winas DT. Sacco society does not, and will never solicit money for any part of its recruitment processes including short-listing, interviews, background checks, and /or medical checkups. Only shortlisted candidates will be contacted.
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