How to recognize bank or micro credit loan defaulter ?
In Bangladesh have more than a thousand of cooperative organization who has provided small lone service in their local business area. A large amount of them micro credit loan defaulter. They did not pay their monthly, weekly, or daily payable amount. So cooperative banking or micro credit institution financially ruins. So how to solve or recognize them to prevent loan defaulter. If you read this it can assist you a little bit about how to recognize bank or cooperative loan defaulter?
What you can do for micro credit loan defaulter problem?
- Select those companies who have enough resource in there local market. Don’t select any company or shopping institute have no basic assert.
- Check the business owner back profile where she or he did financial transition if you see a good transaction history than you can consider providing loan or you support that business.
- Collect all the papers like national ID card, local authorial citizen certificate, bank statement, Electra bill, two passport size photocopies. 1 bank check for security also signature on a strap paper argument if they provide those properly so they not be defaulter.
- Choose those man to provide loan opportunity who have self owner those type of people generally don’t get loan defaulter here you can find loan defaulter list search here to avoid them in Bangladesh.
Few tips to recover micro credit loan defaulter issue
- Send a talent loan audit officer to inquiry field level who understand all the potential matter of the candidate.
- Try to know your targeted client attitude ask them how many times he or she will take to recover loan. Why he or she what to get loan from your financial institute, what type project he or she running etc. It will help you to understand about your loan prayer.
- Talk with your loan prayer the nearest shopkeeper or business holder about the client. Just think from outside of this content about How to recognize bank or cooperative loan defaulter
- Clearly new loan holder are not defaulter but who are regular loan holder some of them to be crazy on third or time so don’t accept any loan who is an are want third time loan or fourth time loan.
- If any loan holder delay to loan pay don’t accept if you give one chance they will make it on habit.
- Make word right time don’t miss massing your time schedule to collect money it will make them to show you new squire or crazy.
- If any client have fall in center really than consider them it will make you trust them and will increase confident. That is not all there have several ways and strategy to select candidate for any SME loan, micro credit loan bank loan, small business loan, shop loan etc. You can get loan from wp cooperative in local business.