Introduction With Micro Credit Field Loan

Micro creates loan is an SME loan program. This type of loan provides loan for loan applier to grow their business margin. A percentage of profit gets the loan provider. Badly sometime it’s difficult to achieve the due loan from the beneficiary. So, to recover micro credit field loan you should learn micro credit program system and tricks.

Micro credit loan amounts basically 500,000 to 10,000 BDT. Interest 10%-13%. Muhammad Yunus is an entrepreneur, banker, economist who was awarded the Nobel Peace Prize for the concepts of microcredit and microfinance.

A little Bit About Field Loan

How to recover micro credit field loan? Now the most financial institute has micro credit function like bank, insurance, cooperative, NGO, etc. Who is a loan beneficiary a large amount of them are loaned defaulter by nature or by habituation or o different matter. So I have mentioned here how to recover your valuable loan.

If, you follow this tips and strategy than you could recover every single loan. Government institute have also can help you and train you how to manage it. Also follow the Bangladesh government roles to get back your default loans.

To recover micro credit loan tips and tricks

  1.  Regularly monitoring your field so that any loan get the chance defaulted. But when it happened just visit that loan holder and discus about his /her issue and ins paired to continue loan pay.
  2.  Pay attention to your field officer who duty on field level money collection regularly ask about there client who are not paying properly.
  3. Send an audit officer who is multi talented to your field analyze and motivation ability. It will help to make a relationship between client and main institution.
  4.  Fill form by your audit office to take a whole image for your client transaction and check them carefully who is loan defaulter and take the actions
  5. Move sometime directly to visit field how was going there. Moreover ask question from them what is there problem or there complain about your company or about your employer it will make sense to take step.

As a matter of fact what you do?

  1. Make some category loan collection sheet vulnerable client, entrusted client, bad client etc. Find out who are really bad client and after make a list employ a loan officer to collect loan only from them.
  2. A most hard thing is to collect money from public so every day knock them to pay your loan holder to recover your money give some benefit like a small amount of bonus daily.
  3. To give thought about there agreement, bank check and future benefits of your company.
  4. Knock granter to pay attention about the loan holder. Who have self identity knock them to there family by gradually so that the loan holder try to pay your company loan.
  5. To give thought don’t go with conflicts. Because this is not your solution, you need to get paid from your client.
  6.  Convince the loan holder with positive way your institutions image is important so show power is bad effect to your NGO.
  7. After implements all the mention issue after than you can go to force law. Send a legal notice to your loan defaulter through your lawyer. Hopefully micro credit field loan post give you an idea about it.

Now it is big problem who are start there invest on micro credit loan. Small institute are mainly venerable like  cooperative loan defaulte