Credit Officer:( Kisumu/Thika/Bungoma/Kakamega) - Stara Microcredit Limited

Description

Job Title: Credit Officer

Company: Stara Microcredit Limited

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.

• 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.