Credit Officer:( Kisumu/Thika/Bungoma/Kakamega).
Stara Microcredit Limited
Accounting, Auditing & Finance
Job Summary
The successful candidate will play a crucial role in driving financial inclusion by recruiting and onboarding new groups, managing existing groups, conducting due diligence, and enhancing the financial literacy of women entrepreneurs.
- Minimum Qualification: Bachelors
- Experience Level: Entry level
- Experience Length: 2 years
Job Description/Requirements
Job Title: Credit Officer
Company: Stara Microcredit LimitedÂ
Location: Thika, Kisumu, Bungoma, Kakamega Counties.
Job Type: Contract
Salary: Confidential
We are a pioneering force in the micro-credit industry dedicated to empowering women entrepreneurs, is seeking a dynamic and detail-oriented Credit Officer to join our team. The successful candidate will play a crucial role in driving financial inclusion by recruiting and onboarding new groups, managing existing groups, conducting due diligence, and enhancing the financial literacy of women entrepreneurs.
Key Responsibilities:
Recruitment and Onboarding:
• Actively recruit and onboard new groups of women entrepreneurs into the microcredit program.
• Ensure a smooth onboarding process, providing comprehensive information on available financial products.
Group Management:
• Manage and nurture relationships with existing women groups, fostering a collaborative and supportive environment.
• Conduct regular group meetings to address concerns, provide updates, and encourage financial empowerment.
Due Diligence:
• Lead the due diligence process for new group applicants, ensuring accurate assessment of creditworthiness.
• Conduct thorough evaluations, including home visits, to verify information and assess loan security.
Loan Security Fund/Guarantee Fund:
• Encourage and guide women entrepreneurs to exponentially increase their loan security fund or loan guarantee fund.
• Provide support in understanding the benefits and importance of these funds for sustained financial security.
Training and Financial Literacy:
• Fully train women entrepreneurs on account operations, including savings, checking balances, withdrawal procedures, and loan request processes.
• Educate clients on other financial products available through our application and annual bookkeeping practices.
Appraisal and Reporting:
• Conduct group appraisals in collaboration with the Credit Control In charge to assess creditworthiness and determine loan qualifications.
• Prepare and submit real-time reports on daily, weekly, and monthly activities, ensuring accuracy and timeliness.
Qualifications:
• Bachelor's degree in finance, Business Administration, or a related field.Â
• Proven experience as a Credit Officer focusing on financial inclusion, especially for women.
• Strong understanding of credit risk assessment, credit control, appraisal, bad debt management, due diligence, and group dynamics.
• Excellent financial analysis skills and proficiency in relevant software tools.
• Demonstrated experience in designing and delivering training programs, particularly for diverse audiences.
• Knowledge of cultural and socioeconomic factors affecting women's financial empowerment.
• Applicants must strictly be between 23-35 years old.
Skills: In addition to the skills mentioned earlier, the successful candidate should possess:
• Strong organizational and multitasking abilities.
• Ability to motivate and encourage women entrepreneurs towards financial empowerment.
• Proficient in conducting group appraisals and collaborating with Credit Control teams.
• Excellent reporting skills with the ability to generate real-time reports.
• Cultural sensitivity and adaptability to work within diverse communities.
Application Process: Interested candidates are invited to submit their resumes, cover letters. Please include "Credit Officer - Women's Financial Empowerment" in the subject line
We are an equal-opportunity employer. We encourage applications from candidates of all backgrounds and experiences.
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