1. CUSTOMER ASSESSMENT &
CREDIT WORTHINESS
TRAINING WORKSHOP FOR SME’S OFFICERS’ OF
WALLSTREET STRUT INVESTMENT LIMITED.
PRESENTING BY THE GENERAL MANAGER,
‘BAMI ADEDAPO
2. LENDERS MUST EVALUATE THE
RISKS OF LENDING MONEY TO
OTHERS. IN MICRO LENDING,
CREDITORS GENERALLY FOLLOW
THE SAME PRINCIPLES TO
3. An assessment is done in a likelihood that a
borrower might default on his or her debt
obligations. It is based upon factors, such as
his/her history of repayment and credit score.
We as a lending institution also consider the
availability of assets and extent of liabilities to
determine the probability of default.
4. Assessing customers is a
vital part of business
management because its
enables us has an
organization to meet
customers’ needs while
experiencing better profit
and sound business growth.
5. As creditor we usually look
at three factors known as
the "three Cs": capacity,
capital, and character.
6. Capacity
The present and future ability of the
customer to meet his/her financial
obligations. Some of the areas
examined would be the customers’
work history and the amount of debt
that he/she already owe (if any).
7. This could be in savings and other
assets that could be used as collateral
for loans. Even if you are not required
to post collateral, many creditors
express a preference that you have
assets other than income that could
be used to repay a loan.
Capital
8. CHARACTER
This boils down to
trustworthiness, promptness
in paying the existing bills
and debts, which will be
seem in the customer’s
credit history.
9. A Customer can be assessed through this ways
among others:
10. Self-Assessment
This is the process of looking at
your clients closely in order to
assess aspects that are
important to his/her identity.
11. Existing Data
This module is particularly
useful where data on the
existing portfolio of loans
is available to us.
12. These is an act of carefully watching and
listening to someone. It is an activity of
paying close attention to customers in order
to get information they will never have
allowed you to be aware of.
Therefore by watching and listening you
will be sure you will pencil down one or two
info. Then you make you remark.
Observation
13. Reference
This could be done
through information
from other lending
institutions as
observed.
14. Therefore, the following fact should be laid out while running a
report
Analysing
Creditworthin
ess
CreditEvaluationand
Approval
Create a smart
credit policy
Have a fair and
Accurate credit
Transaction.
