2. OBJECTIVES FOR INNOVATIVE MICROFINANCE
Ensure Activity on all inactive accounts
Create and maintain a proper book of defaulting clients
Draw a standard strategy for recovery
4. SUMMARY
Payments(cash)% Closed Ac Portfolio size Port.size current %
Active
54,992.50
165.56% 9
33,216.89
- 21,775.61
24.29%
Inactive
6,244.75
8.85%
14
103,513.75
94,351.60 75.71%
Unknown
2,917.40 5 72,575.99
Total
64,154.65 28 136,730.64 64,154.65 46.92%
week one
6,864.50 5.02%
21.81%
week two
8,461.45 6.19%
week three
6,530.70 4.78%
week four
7,969.30 5.83%
week five
9,692.50 7.09%
25.11%
week six
8,195.50 5.99%
week seven
7,707.40 5.64%
week eight
8,733.30 6.39%
Total recovery
64,154.65 46.92%
5. OBSERVATIONS
Handing Over when a colleague is on leave is not so effective
when a colleague is on leave it is really hard to recover because of proper
handing over and that might have caused Jonathan's bad portfolio
6. RECOMMENDATIONS
Credit officers should go for collection with another person for understudying
follow up should be maintained till payment is done
