How to recover micro credit field loan

recover micro credit field loan

Introduction with micro credit field loan

Micro creates loan is an SME loan program. This type of loan provides loan holder to grow their business profit. A piece of profit get the loan provider. Micro credit loan amounts basically 50,000 to 3,00,000 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. To recover micro credit field loan you should learn micro credit program system.

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 habitually. So I have mentioned here how to recover your valuable loan.

If, you follow this tips than you can recover every single loan. Government institute have also can help you and train you how to manage it.

To recover micro credit field loan tips and tricks

  1.  Regularly monitoring your field so that any loan not defaulter but when it happened just visit that loan holder and discus with them to continue loan pay.
  2.  Pay attention to your field officer whom are duty on field money collection regularly ask about there client who are not paying properly.
  3. Send an audit officer who is mufti talented to your field analyze. It will help to make a relation 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 whom are loan defaulter or do not pay properly.
  5. Move sometime directly to visit field how was going there. Hear 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 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 paying daily.
  3. Remember them about there agreement, bank check and future benefits is 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. Remember don’t go with conflicts this is not your solution you need to get paid from your client.
  6.  Convince the load 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 on the local way. Send a legal notice to your load defaulter through your lawyer. How to recover micro credit field loan sentence can 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

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